The Greatest Glory

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“A good head and a good heart are always a formidable combination.” – Nelson Mandela

Madiba had foreseen, perhaps, that those who aspire to shape the world need a reminder, that in the pursuit of intellectual and economic success, we should take our hearts along for the ride.

After Module 1’s rigorous training on frameworks and discounted cash flows, I daresay we felt pretty good about our knowledge on the essential MBA toolkit. But is there value in using tools without a burning mission, or a vision that sees beyond profit?

Nope.

Enter Professor Knut Haanaes, Professor of Strategy at IMD and Dean of the Global Leadership Institute at the World Economic Forum (WEF). Since the first lecture of our Business and Society course, Professor Knut asked us to evaluate cases and ideas through three lenses; systemic change, corporate contribution, and individual responsibility. With this in mind, we dived into the tough conversations about maintaining performance while protecting the environment, ending inequality, and driving accountability for ethical behavior. For me, the striking thing is that despite our cultural and personality differences, and even if we disagree on how to proceed, as a class we have been united in our concern for society at large, and are seeking ways to make a fast and effective impact.

DSC_9135.jpg“Magic 90” with Professor Knut Haanaes at the World Economic Forum

A fresh perspective on vision and intent: Stories are incredibly powerful in their ability to change minds. We benefited from many through a range of guest speakers during the course. Our session on the WWF goals reminded us how much in peril our natural world is. Yves Daccord, Director-General of the Red Cross (ICRC) wowed us with his adventures and learnings in overwhelmingly high-stress and often unfamiliar situations. He is one of our most memorable speakers in the program thus far, and believe me, the bar is set high. He achieved this without slides, his stories so visceral and relatable that we hung onto every word. Our President at IMD, Professor Jean-Francois Manzoni, also did a session with us on navigating corporate culture and even redefining it as we progress in our careers.

Challenging companies to do better: This is where it gets trickier. During a class discussion on palm oil, the narrative drove me to question consumer choices. Do we really need palm oil to be in everything? Can we be weaned off of it? Do the orangutans really need to die because we like Nutella on toast? And the corporate argument against ending palm oil use is that livelihoods of farmers are then being taken away. The “aha” moment here is that even if my heart is in the right place, my mind needs to have a business plan. It is more convincing to show that we can transition farmers to other crops such that a manufacturer can still realize profits, just in a new and different, perhaps even more lucrative way, without causing harm to the planet.

SDGs-GlobalGoalsForSustainableDevelopment-05.jpgSustainable Development Goals (SDG): SDGs are a call to action, comprising of 17 global goals set by the United Nations General Assembly in 2015 for completion in the year 2030. Professor Knut assigned each group to a Sustainable Development Goal (SDG). For each SDG we needed to state the current status, challenges, and the role of business in generating solutions. My team worked on SDG 3, Good health and well being, with a focus on Mental Health in the Workplace. Presentations were conducted yesterday, the last day of the course.

We began early with the sunrise to drive over to Geneva. We met with Professor Klaus Schwab, Founder and Executive Chairman of WEF who reminded us that the future will not just be hinging on technology, but also on talent and trust. Furthermore, he urged us to pursue our goals using brain, soul, heart, muscle, and nerves, all our faculties, to make the best decisions for all stakeholders.

After a fascinating afternoon at the United Nations, we arrived at the SDG space. While listening to my peers’ presentations, I realized these issues aren’t unsolvable. As consultants, bankers, and executives, problem-solving is part of our ammo. “Fix it! Create it! Figure a way around it!” The challenge is really the scale of the issues that plague sustainability. And they are of our own making, our miserable track record of individual focus and ignorance of widespread consequences.

“The greatest glory in living lies not in never falling, but in rising every time we fall.” – Nelson Mandela

Professor Knut asked us if we felt optimistic or pessimistic. When I think of the Great Pacific garbage patch or gender equality being 200 years away, my heart sinks. But my friend and colleague, Mirko, shared a message of hope as evening approached and it was time to head home to Lausanne: “I am more positive about the world’s outlook, because all of us in this room are leaders of tomorrow and this course showed us the importance and urgency to act and bring back the balance between profits society and the environment. My wish is that every one of us will take the big responsibility to take these learnings into the real world by adapting our lifestyles and leadership for a better future on our planet.”

DSC_9189.jpgProfessor Klaus Schwab at the World Economic Forum

I remain an optimist, with good reason.

And I end this post with words of wisdom from Professor Knut. When I asked him about sustainable goal setting and his aspirations for our class, he shared the following …

“Good business is about balancing the short and long-term. If we take a long-term perspective it is clear that sustainability needs to be a top issue for all companies. If we take a short-term perspective, it may look less important, but only until you are attacked in social media. So today any smart company needs to address sustainability for the short and the long-term. That, to me, is great news!

The MBA class will be better leaders that we have seen thus far. In part, because the future will demand more leadership, even put a premium on it. And I think you have it in you. I know you will set higher targets on yourself than even I would have!”

The course has ended, but our contribution to the change has just begun. May we do good, and do well. May we find our greatest glory.

Sustainably yours,

Surbhi

(special thanks to Olivier for the incredible photos!)

IMD Conversations: Mother’s Day Special!

They are our first home.

Our first friends. Our fiercest protectors.

They give the best hugs. They help us stand after we fall,  their belief in our abilities unwavering. They teach us how to do our hair, buy furniture, and nourish relationships. They help us get those precious remote controls from our dads.

Mothers. Beautiful. Flawed. All striving to make a better world for their offspring.

This Mother’s Day I caught up with the three moms at the IMD MBA program. I am personally inspired by these women, and how they manage to thrive through this intense year, all while being present and generous in their children’s lives. Let’s learn about Camila (Brazil), Kristina (Russia) and Swati (India) …

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What about IMD influenced your decision to pursue the MBA program here? Which aspects are appealing to you as mothers of young children?

Camila: Switzerland is a place that I find wonderful for kids to grow up in. This environment is super healthy for my son in terms of infrastructure. Also, my family is already based here so that helped me with my decision.

Swati: Agree with Camila. I also feel that IMD has a slightly more mature peer group that understands that you have a family and a life beyond the MBA. This makes all the difference to me, a benefit that I felt only IMD will provide. Also, the partner support services and the work that Marcella does, these aspects make a huge difference for me.

Kristina: I felt that IMD is one of the shortest MBA programs and since my family is in Russia, I felt that I can manage it in a good way and also see my daughter on some weekends. We also have a month off in July which is great. The partners’ program made my husband feel more inclusive and understand the importance of the program for me. It helped him adapt to being a single parent for this year and made our transition easier.

And what has been the role of family support for you?

Camila: This was crucial, and there is the difference between a mother or a father attending the program, with exceptions of course. Usually, a mother can be home taking care of a kid and it is more acceptable and the model that is more widely spread. When a father provides childcare you need some arrangements in place. My husband works so creating a strong support network is critical, and then doing the program is feasible.

Swati: This program is a big decision, especially if a mother is doing it. You do need to be cognizant of the demands of the program, and be realistic and create your infrastructure around it. The IMD community is special. I experienced this last year as a partner and this year as a participant. Last year I needed a nanny urgently and I just didn’t know what to do. So many partners offered help and Marcella called me and told me that she has a nanny available if we needed one. So, the community really makes a difference.

Kristina: For me, there was a commitment from my family to help out, even though they all work. They have helped me much more than I expected. We have planned every weekend throughout the year, who would stay with my daughter and how all the visits would be coordinated. There were unexpected changes. For example, I planned that my daughter would stay in Moscow initially and join me in the summer with the nanny. Now she can’t so I got consents for all my friends who can potentially travel here so that whenever there is an occasion someone can bring her here for a day or two.

PHOTO-2019-05-13-20-06-17.jpgKristina and her daughter, Mia

As future CEOs and change makers, and as moms of future leaders, how do you wish to influence society? What do you think is vital for us to achieve for the next generation?

Kristina: I want to show to my daughter that you don’t have to sacrifice your career or your personal aspirations towards family. You can be successful at both. There is a focus on flexibility in my life which I think is important and I’m teaching to my daughter to be adaptable, to explore, and not to fear change. As a leader, I would want to create in my organization an attitude to dare to change, dare to be flexible, for example going from more bureaucracy in companies to flexible time and allow employees to be with family.

Swati: This is a difficult question. There are individual goals, but as a part of society, we need to think about how we want to transform. As a collective, gender parity is important. We know it will take 200 years before men and women are equal in society. We have studied about bias in class, we know this exists. If we don’t push this issue, it could take us 400 years. If we make enough noise it could take 150 years. I think we have a significant social responsibility in this respect.

Camila: For me, the MBA was an enabler to have a positive impact on the world. I was at a moment in my career where I was thinking, in the future, in 5 or 10 years, how proud will I be with what I do. Motherhood has changed me in that I now think how proud will I be telling my son that I am where I am, making the choices that I did in life. So, this is about role modeling and about thinking deeply on how to make my work more meaningful and impactful.

What would you like female applicants, especially mothers, to know about the IMD MBA program experience?

Camila: Overcome the fear. Honestly, I think as successful women we struggle a lot. And it’s really hard to get where we were before the MBA. I think the biggest fear is what if I leave and I don’t go back to the same level. Or something happens. Or will my husband be able to manage? Just put the fear aside. Put your infrastructure in place. It’s doable and it’s worth it.

Swati: A lot of moms ask me about the MBA program and what I tell all of them is that this is the best thing you can do for your child. Switzerland is a unique experience and children just love it. Lausanne is fantastic for kids. If you plan it well, you can manage a great experience in a cost-effective manner. Do your research and be pro-active. The Partners’ program is so robust at IMD. It can find you jobs, schools, and kindergartens.

Kristina: It is not easy to be on the program and be a mom. But it really is all about how you manage it. I am happy that I am going through it. Even though my daughter does not stay with me full time, even for the short visits that she makes, she’s already made friends with Amaya (Swati’s daughter) and each time I speak to her on the phone she asks for her! This program is not just for me now. It is for her. And this is very precious.

PHOTO-2019-05-13-20-06-08.jpgWhile mums study the little ones play! Mia (Kristina’s daughter) and Amaya (Swati’s daughter) enjoying some sunshine

Massive thanks to Camila, Kristina, and Swati for your time and thoughts!

To all moms, those with us and those watching over us, thank you for all that you have done, and for all that you do. Happy Mother’s Day!

Surbhi

Innovation Week: Days 1 & 2 – Learn, Question, Engage

Last year, during my Assessment Day, students from the Class of 2018 shared with me their excitement about Innovation Week. I followed their blog and achievements, so impressed with the impact they made on in-hospital patient care in seven short days.

It is our turn now!

This year we take on the 2019 UEFA Innovation Challenge built by IMD, ECAL, and ThinkSport. UEFA is looking for new ways to take football fan engagement to the next level, through enhanced festival/host city experiences, during matches, and beyond, with a special focus on fans with additional needs. The winning idea will be incorporated into the concept of UEFA EURO and implemented during the 2024 tournament.

We know that the fan is the true, beating heart of football. This week we do a deep dive into the fan journey, existing pain points, identify the unsaid, unmet needs, and then brainstorm our way through structured sessions after which we will (*fingers crossed*) land on our novel idea of choice and bring it to life.

IMG_9355.jpgIn-class discussions with Professor Cyril Bouquet before embarking on our innovation adventure

A special part of this journey is that each IMD team is paired with a design student from ECAL’s graduate program. It will be interesting to see our worlds of management and design intermingle. While it may seem that we have differing vantage points, and sometimes we do, both disciplines require plenty of resilience and creativity, qualities we will be banking on to do well this week. I expect that we will push more, and take more risks than we are accustomed to.

IMG_9363.jpgImprov Dinner on Day 1
d67c7825-b75f-47e9-9954-f39bb0165ab2.JPGResearch visits; the sunshine and Swiss scenery are a fun bonus!
de6e88af-fa88-4d48-b444-7cbe5a156177.JPGMore research trips!
a1fe3271-c31b-4645-b9fa-c6189ba83c68.JPGThe research doesn’t really end 🙂
IMG_9376.JPGDiscussing initial learnings and insights over cocktails and a delicious Hungarian dinner

The experience has been quite a whirlwind so far, especially since my football experience is limited to FIFA World Cups and one live match where Spain played Philadelphia (a “friendly” match). Still, a couple of days in, and after many conversations with my football-savvy teammates and the enthusiastic fans we met this morning, I understand the sport better. Following the intensive discussion and study, I expect many light bulbs to switch on tomorrow!

Time to get some shut eye. Sleep, apparently, is conducive to creative thinking 🙂

Surbhi

Entrepreneurship and Easter Break!

We are done with our startup presentations and deliverables!

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What a whirlwind it has been for all of us! From sustainable footwear to reframing early-stage education, from innovative crop development to customized orthopedic liners, we’ve seen it all over the last four months. With a single mission on our minds; bringing these novel ideas to consumers.

By challenging market segmentation, conducting customer deep dives, and engaging in debates over value propositions, we have moved the needle for these fledgling companies. I know my team has been so vested in the product and concept, it will be a challenge to move on to the upcoming adventures on our agendas. Or perhaps we’re a bit nostalgic since we bonded, and will now need to recalibrate within a new team and create new friendships and memories. Nevertheless, massive congratulations to my peers on achieving this milestone.

And we are not to fear any lack of intellectual challenge … before we know it, we will be in the thick of Innovation Week! But let’s save that for another post.

Onward to a well-earned break. Wishing everyone at IMD Business School and all blog readers a restful and fun Easter! Soak in some sunshine 🙂

Surbhi

Module 1: Three Months, Three Life Lessons

ecef6521-0386-4d8f-b5c8-e86f5adbb87b.JPGPost-exam Lausanne exploration 🙂

Exams are done! And we have recovered (somewhat).

Tomorrow my group presents our startup project, and so we wrap up the first module.

It has been three months, full of highs, some lows, lots of laughs, and more late-night, caffeine-fueled, impassioned discussions in the dungeons that I would like to admit. And we are just getting started.

Here are 3 learnings from Module 1 that will stay with me in the days to come…

  1. You can never know everything: I can safely say that the majority of our class has had at least one “deer in the headlights” moment. It is particularly uncomfortable when you are used to overcoming hurdles and enjoying success and find yourself thinking “huh” in class as brand new content whizzes past you on a daily basis. This is when you need your peers. And the acceptance that you won’t learn it all, but you will learn how to prioritize and fill knowledge gaps effectively, a skill that allows you to focus on your contribution to the team.
cb002555-5c0a-4335-b8ba-c1167a0bed72In life, as in ping pong, a good team has your back

2. Conflict, not such a bad thing: Culturally, we grow up with the idea that conflict may be considered rude. It leads to tension and friction. But, you put 90 high achievers into groups of six for three months and then how can conflict can be avoided? My team, fortunately, is almost always on board with each other. But we have had our not so congenial days as well. I think we are better for it, mostly because conflict presents us with a fork in the road; how will you move beyond disagreement? Our reptilian brains tell us to defend our turf, that it is personal when it often is not. But we have a choice in our reactions. Are they helpful? Necessary? True? Not always possible to follow, especially after consecutive hours of clicking away on laptops, the next test only a Canvas update away, but a good aspiration nonetheless.

PHOTO-2019-04-11-20-28-45.jpgParis at twilight, by Shriekanth

3. On occasion, leave the bubble: After exams, many left Lausanne for the weekend, or at least the dungeons. Some further out in Europe, others within Switzerland. I jumped on a train to Florence and hung out with a visiting friend from home. Over delectable pizza and while strolling through the Uffizi, I was reminded of a life beyond the MBA, and that it would be a mistake to focus so much on the minutiae that I forget the context of the world that IMD is preparing me for. Work hard, and walk away sometimes. Find those roses or tulips. Perspective never smelt sweeter.

The Uffizi’s Leonardo da Vinci exhibit displayed the Adoration of the Magi, mostly still in sketch state. This unfinished piece, infused with talent, is considered a worthy piece from the master, the center of a famous museum exhibit.

During and after the MBA program we will remain in sketch state, works in progress. As our experiences compound, the lines become clearer and the colors better defined, but never entirely done.

And that is the beauty, is it not?

We are incomplete, a long road lies ahead, and we are yet masterpieces.

Leonardo da Vinci, Adorazione dei Magi 1482 c.

“The recently restored Adoration of the Magi, commissioned by the Augustinians for their Church of San Donato a Scopeto and left unfinished when Leonardo had to move to Milan in 1482. Yet it is this very state that allows to follow Leonardo’s mind’s creative processes, in all his sketches, ideas, second thoughts and reconsiderations.” – Uffizi Museum, Florence, Italy

An Integrative State of Mind

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The sun is out and how.

As warmth pervades through this quirky city of Lausanne, the tranquility of birds chirping and the calm waters of Lac Leman are a direct foil to the rollercoaster our class of 90 is riding as I write this.
Why?
Today we begin the famous IMD MBA Integrative Exercise. Once we survive (I remain optimistic) and emerge from the dungeons on Saturday, reading week begins, followed by examinations, culminating in startup project presentations. Just another wrap-up to Module 1 at the program that changes your life, but not without first relentlessly testing your acumen and spirit.
There is a lot going on in my mind, some nervousness, a little excitement, marginal homesickness (today is Holi, festival of colors), but mostly the awareness that I will rely on the knowledge given to us over the last two months to get through the next two days. I would relate this to the Hunger Games, except that the school keeps us exceptionally well fed. But you get my drift.
Good vibes and wishes of success to my team, my friends, and my class 🙂
See you on the other side!
Surbhi

IMD Conversations: International Women’s Day Special!

IMD Conversations is a new format to share peer conversations on topics relevant to business and social change. We will cover current implications, personal experiences, and how we aspire to make an impact through our future careers.

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No human is an island. As women make strides in professional and socio-political settings, I was curious to hear what my male MBA peers thought about existing issues and opportunities. I am thrilled to introduce our first IMD Conversations topic with Lukasz (Poland/Germany), Vivek (India), and Jaco (South Africa), in line with Women’s Day …

Female Inclusion in the Workplace, A Male Perspective

blog post.jpegJaco, Vivek, and Lukasz

Surbhi: I’d like to start off with hearing about the influential women in your life. In the spirit of Women’s Day, share their role in your lives and their impact on who you are today.

Vivek: My mother is the reason I am here, and her support has been invaluable especially in leaving home and coming to IMD. She stood against all the odds she faced over the years and she has taught me how to smile even in the worst possible situations. She really has inspired me throughout my life.

Lukasz: I would mention my wife and one of the key things I learned from her: how to better understand people’s emotions. Emotions are important in connecting and communicating with others. Whether in private life or in my consulting career – I can be more impactful and more myself when I clearly understand my own and other people emotional state. And with years I appreciate the value of emotional intelligence even more. In the end, our life is about people. 

Jaco: The lady I want to speak about is my sister. She is 12 years my senior and helped raise me. She was the first in our family to pursue a professional career and did her Masters in Engineering. At that time it was a very male-dominated industry. I remember her saying how challenging it is, how women aren’t taken seriously in that field. So, I came into the workforce being comfortable with women being capable but also conscious that women have a hard time in business. My sister was very successful at a petrochemical company and I followed in her footsteps and studied chemical engineering. 16 years down the line, as a manager at an engineering company, she observed a change; more women were entering the industry.

Surbhi: So, in your career, before IMD, what value have you seen diversity bring to the workplace, in specific, the inclusion of more women

Jaco: The key to diversity lies in being tolerant and embracing differentiation. If you have a whole bunch of the same type of person in the room you don’t have the same learning opportunities as you do if you have a diverse group. I don’t have the best way to do this figured out yet, but I do know that it’s hard if you’re in the minority.

Lukasz: I believe diversity is very important. Working with people who think differently is not always easy, but can lead to more innovative, better solutions. Having more women in the workplace is one of the powerful ways to add this diversity to the corporate environment. It becomes even more important when we look at the upper ranks, as there are still not enough women in top leadership positions. Personally, I was lucky to work with a few women leaders in my career and I have to say I was impressed by their capabilities, both on technical as well as on the more softer, leadership side. 

Vivek: I agree completely. I come from a manufacturing company with relatively few women. I hired two women for project management positions and it proved to be a very good decision. The perspectives and compassion they brought to the team resolved people-challenges that we never realized existed and were impacting our business. We were completely focused on the process and execution and they introduced a more empathetic approach to problem-solving. The success of the project is due to how they involved different stakeholders and made them comfortable with the work that we were doing.

Surbhi: While I think many more women are entering the workforce, boardrooms still have a long way to go before we see equal representation. As future senior executives and CEOs, what are actions and initiatives you would lead to improving female inclusion in the workplace?

Vivek: The question is how many of the women entering the workforce in starting positions will be able to sustain. Are they feeling safe at work? Do they feel they can grow to higher positions? Or is their only choice to leave after a certain point due to family obligations? I think flexible working hours, work safety, and professional development support will help smart, ambitious women climb up the ladder.

Lukasz: I share most of Vivek’s views on what the corporate world can do.  What I would add to that is the necessity to work here and now on cultural beliefs. I still see many women who don’t believe they can succeed despite their capabilities. Mentoring and showing women successful stories can help change their perspective. Additionally, I think that giving women opportunities and vocally trusting their abilities could also play an important role.

Jaco: Along with a conducive environment and long-term goals that Vivek and Lukasz mentioned, I can say in my experience when I have had to recruit, I saw a lack of female applicants, which limits my ability in a managerial capacity. Which makes me wonder why? Why is that? My starting point as a future executive will be to understand, what are the barriers women face when entering the workplace, from getting a job application in, to where women in the workplace have previously been excluded due to barriers, and then I could formulate a strategy to address these issues.

My heartfelt thanks to Jaco, Vivek, and Lukasz, for a meaningful discussion. While we have a long way to go, it is heartening to know that the next generation of senior management will foster greater inclusion and diversity.

With one of my favorite TED Talks by MacArthur Fellow and fabulously dressed feminist, Chimamanda Ngozi Adichie,  “We Should All Be Feminists”, I wish all the ladies, and all the men who care about and celebrate us, a Happy Women’s Day!!

Surbhi

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