ADVANCED BUSINESS MANAGEMENT PROGRAMME (ABMP)
Dates: 21 - 23 August 2017 (3-day residential programme)
Venue: Jen Hotel, Johor Bahru
Accreditation: SIDC CPE-approved: 20 CPE points
This all-new and fully redesigned ABMP addresses the issue of how to respond to governance and digital transformation while sustaining top and bottom line growth. While economic activity is projected to pick up pace in 2017 and 2018, companies and executives are expected to face some hard choices to protect their top and bottom line targets. The ever-rising expectations for dazzling performance from stakeholders in general will further complicate this task.
To put it simply, the need of the day is to have well-thought out and well-implemented growth strategies supported by strong governance and a well-integrated technology vision.
The ABMP experience will also address the needs of executives and board members during this time of deepening complexity within the global economy. This year's programme will focus on key and emerging global trends and discuss how they are effecting your businesses. The programme will further examine the tenets of governance from the perspective of pervasive economic and social transformation as well as address the key mental biases senior leaders have to acknowledge and manage to be successful within this new evolving context.
The successful businesses of tomorrow will clearly be those that recognise the magnitude of social, economic and technological changes taking place and are able to anticipate trends and align business ventures with the needs of society.
Given the magnitude of influence exerted by the digital phenomenon, the ABMP will also earmark a significant amount of time to discuss the digital business transformation and its profound global impact. Today's leaders need to leverage digital innovations for successful transformation within the organisation. You need to take charge and drive the digital evolution, managing opportunities and threats and digitizing the value chain to create real, ongoing value - or be left behind.
The 2017 ABMP includes a close and concerted delivery effort by key IMD faculty members as well as prominent experts in their fields, and combine seamlessly with meaningful company visits to address some of the foremost challenges you face as leaders during this time of uncertainty and change.
Digital Learning Expedition
IMD Delivers high impact Digital Learning expeditions
Leaving the Comfort Zone
Unfamiliarity with an environment, a thematic area or a stakeholder community has a beneficial effect on the learning process. These different dimensions of discomposure - as well as the cultural distances that are built into the destination choice - create a zone of fruitful discomfort.
During the digital learning expedition, participants will navigate outside of their protected terrain, pushing their everyday limits. This provides opportunities for reflection and asking questions that would otherwise not arise.
The Digital Learning Expedition will correspond directly to strategic challenges and learning needs of the ABMP programme.
This approach is enhanced by traveling to global locations - the selection of the destinations is based on an understanding of your needs and goals, as well as in-house research and the latest intelligence.
IMD professors will facilitate the digital learning expedition to support participants during their learning journey. Daily facilitated debrief sessions will offer a space for both collective and individual reflection.
A synthesis workshop at the end of the digital expedition will allow the group to condense newly acquired knowledge into action plans and to feed the knowledge back into their business life.
- Understand how global trends (relating to markets, capital, technology, labor, security, competitiveness, etc.) affect business in a disrupted environment
- Study how governance needs to adapt given the social transformation around the world
- Reflect on digital business transformation as a means to create business agility
- Discover the essentials on how to build and execute a successful digital roadmap
- Learn for the innovation leaders from leading companies in Singapore (Company Visits)
- Identify key mental biases as well as important cultural challenges that have to be overcome for future success
- Improve ability to steer organisations towards long-term positive social impact while remaining focused on business performance
The programme is delivered through a variety of methodologies, such as:
- Group discussions
- Company visits
- Panel discussions
- Lectures and presentations
- Case studies
The programme is designed for board members of companies and senior business leaders.
|21 August 2017 (Day 1)
Governance Impact of Social Transformation Around the World
Successes and failures of boards and governance around the world can inspire a better governance practice. Risk awareness and risk supervision are amongst the central duties of an effective board. And when governance itself, and not only high quality risk knowledge, are at stake, risk thinking can help focus a board on the significant issues facing the organization. And if risks are considered also as opportunities, the risk mission of the board can engage the organization on new paths. Successes and failures of boards and governance around the world can inspire a better governance practice. Risk awareness and risk supervision are amongst the central duties of an effective board. And when governance itself, and not only high quality risk knowledge, are at stake, risk thinking can help focus a board on the significant issues facing the organization. And if risks are considered also as opportunities, the risk mission of the board can engage the organization on new paths.
Global Trends: A Disrupted Environment
Developed at IMD, The Global Trends project is the result of a thorough research work which allows executive teams to discuss challenges and opportunities ahead. During the session, participants will work in groups and will discuss the importance of each global trend: what are the current facts and figures regarding future developments that could create opportunities within our organization? What do we know, now, that is shaping the world future, regarding natural resources, technology, markets, industries, customers, regulation? How will this shape our future and our ability to compete in our environment?
The Dynamics of Digital Disruption: Implication for Boards
An explosion in the use of digital technologies is changing the dynamics of competition across many industries. We see in the news almost daily about how traditional firms are being disrupted by nimble and technology-savvy competitors. These competitors are not just start-ups, but also well-capitalised technology giants. So what does this mean for industry incumbents that seem to be falling behind in data analytics, evidence-based decision making, platform building, and e-commerce? Based on extensive research by IMD’s Global Centre for Digital Business Transformation, this session is designed for board members and senior leaders who wish to understand how industry incumbents can leverage their competitive advantages to disrupt the disruptors and occupy new markets, as well as the implications for board directors in the short and long term.
Facilitated by Michael Wade, the session will address the following topics:
- How disruptors are disrupting traditional businesses
- Strategies for incumbents to disrupt disruptors
- Learnings from incumbents that have successfully become disruptors, lessons from others that have failed
- Implications for boards in the short term and long term
Global Transformation Panel Session
|22 August 2017 (Day 2)
Creating Agility and Building a Digital Transformation Roadmap
This session will be divided into two parts. In the first part, we will explore our concept of organizational agility in detail. We will look at how organizations can become better able to recognize and respond to industry change in a dynamic manner. The second part of the session will focus on the ‘how’ of digital transformation. Too many organizations are making significant investments in digital capabilities in a relatively fragmented manner. In addition, they tend to leave most elements of the core business unchanged. In this session, we will explore how to take an end-to-end holistic view of transformation across all areas of the value chain.
The discussion will also address the personal transformation that is required to direct and lead organizations in an increasingly unpredictable and disruptive business environment.
Singapore Company Visits
Indicative List: IBM Watson & Accenture
Continued: Singapore Company Visits
|23 August 2017 (Day 3)
Mental Biases and Cultural Challenges to Success in a Chaotic Context
The popular view of toxic leaders is that they have insatiable ambition, overblown egos, and are arrogant, amoral, greedy and, worst of all, ignorant. This is not true, however. If we take a more scientific view of leaders, many of them suffer from behavioral biases. Some of these are deeply embedded within regional cultural contexts and are difficult to overcome.
We also have seen people who are highly intelligent fail to get the right message. Often these biases feed into blindspots that threaten our strategic perspective or undermine our management abilities. Do we have these biases ourselves?
We will explore these prominent biases and their cultural underpinnings during this session. How can you negotiate some of your own biases and how do you interpret and negotiate such phenomena?
Financial Management and Corporate Evolution towards Stewardship
How can a business thrive and sustain growth while enhancing the wealth of its stakeholders and the well-being of the societies in which it operates?
This is the aim of stewardship. It takes extraordinary individuals with the ability to emulate their organization along three seminal attributes:
- They Lead with Impact
- They Safeguard the Future and
- They Drive Social Good
During this session, we will explore which societies, companies or governments will promote the rise of successful transformational for-profit organizations in the future and what it will take in terms of culture and individual commitment. The landscape for business is ever evolving. Business structures and relationships among stakeholders are becoming more complex and interdependent. Businesses face unrelenting short-term pressures when making decisions. Corporate governance practices are being enhanced but often move in the direction of increasing guidelines and regulations. However, sound stewardship has a longer-term and wider view, with an attitudinal motivation that extends beyond a “comply or explain” mentality. Together, we will explore what it takes both at individual and collective levels to ensure great stewardship in significant organizations for the wealth and well-being of immediate stakeholders and for the society at large.
The following packages are available to suit your needs:
*cost includes meals, accommodation and programme materials for one participant.
|Malaysia-based Participant (CMDF funded)
||RM17,000 + 6%GST = RM18,020
||USD10,000 + 6%GST = USD10,600
**Fees quoted are subject to Goods and Services Tax (GST) of 6% for programmes conducted in Malaysia. SIDC is licensed to collect GST under the laws of Malaysia (Registration Number 0012200226368)