In the article below, we will discuss some of the challenges you face when marketing executive education programmes.
From the use of hybrid and blended learning modalities to making sure the programme is sustainable, we will outline a few things you should consider.
Finance & accounting will account for 32.8% of sales in 2021
One of the most important functions of a company is its finances.
For a start, a robust cash management program is the name of the game.
This entails several tasks including the creation and maintenance of bank accounts and other financial documents, such as corporate and individual tax returns.
While there are several companies out there that can help you manage your business's finances, the best bet would be to enlist the services of a reputable and trusted firm.
Fortunately, a little research can go a long way.
By using the services of a vetted and experienced firm, your company can save hundreds of thousands of dollars and avoid the embarrassment of a mishap.
In addition, your employees will benefit from a more professional work environment.
Moreover, a well-organized and well-maintained accounting and finance department can be a true business asset.
The aforementioned top notch finance and accounting operations can be managed via a single cloud-based accounting and finance system.
This not only simplifies the accounting process, but also eliminates the risk of mishandling customer and employee data.
It is no secret that the best performing companies rely heavily on an integrated system that is able to handle the tasks of a large company while providing the individualized attention that is required by a small business.
Innovations of the past year shape the future of executive education
During the past year, the innovation landscape of executive education has changed considerably.
Innovations in teaching, technology, and the delivery of content have given rise to new modalities.
The future of executive education will be shaped by these changes.
One key change is the shift from traditional business schools to corporate universities.
Corporate universities are addressing the gap created by the decline of traditional executive development programs.
These programs are aimed at providing students with the skills they need to continue in their careers.
Another change is the growth of personalized learning experiences.
This is a trend that is also influencing the development of continuing education.
Companies and institutions are looking for programs that can deliver a measurable and trackable experience to time-poor executives.
Executive Education providers must develop a comprehensive innovation strategy.
They should also focus on the needs of their customers.
By developing a clear value creation strategy, they will be able to avoid fighting over competing priorities.
New innovations in the Executive Education industry will require companies to rethink their business models.
They will also need to incorporate hybrid learning modalities.
In addition, they will need to create courses that offer equal value online and in person.
As the market continues to grow, there is an increasing demand for customized executive education.
Top business schools have started to realize the need for such a service.
They are starting to develop senior leadership programs as online courses.
The future of Executive Education is filled with exciting opportunities for business schools.
Business school leaders should begin to take the steps necessary to succeed in this radically changing environment.
Moreover, they should ensure that their programs are designed to incorporate the latest modalities and insights.
INSEAD, one of the world's leading pioneers of executive education, has invested the last two years studying the changing needs of leaders.
Ultimately, they are developing a program to help execs lead in a complex world.
The Stockholm School of Economics Executive Education has launched a new online portfolio for the finance and insurance market.
It is powered by a digital library of nearly 4,000 hours of educational material.
Infusing hybrid and blended learning modalities into executive education offerings
Infusing hybrid and blended learning modalities into executive education offerings can help meet a variety of learning needs.
Depending on the program, hybrid and blended courses can include elements that enhance student engagement.
This includes online tools that can ensure every student in a class participates in discussions.
Moreover, the use of technology can increase retention by identifying students who may need early intervention.
As a rule of thumb, there are three basic components in blended learning: face-to-face content, supplemental online content, and asynchronous discussion groups.
It is important to consider the different components to design an effective course.
Typically, a hybrid course will require more time investment on the part of the student.
This is because students are required to attend both online and face-to-face meetings.
While this is not always an ideal way to deliver a course, it is a viable option.
When designing an effective hybrid course, it is important to review your course management system (CMS) and assessment techniques.
Additionally, you should consider implementing a competency-based pathway.
These models help you to implement a learning progression in a scalable manner.
Blended learning is a relatively new approach in today's learning environments.
Some of the more recent components include live video conferences, online lectures, and synchronous chat sessions.
The benefits of blended and hybrid learning modalities should be incorporated into all types of executive education programs.
Not only does it provide students with a new learning experience, but it also helps administrators maximize resources.
Successful blended learning pioneers have prioritized authentic learning.
They have also embraced emerging technologies, proving the viability of hybrid learning.
For educators, implementing hybrid and blended learning modalities can be an opportunity to build on their institution's strengths while integrating new insights.
However, a successful implementation requires careful consideration of methodology, course objectives, and instructional strategies.
Adding hybrid and blended learning modalities into your executive education offerings will help your students gain the necessary skills and knowledge.
While these modalities can be a challenge, they can also increase student retention and performance.
By incorporating a blend of innovative pedagogical approaches, your faculty can help shape a successful future for executive education.
Ensure a new programme is sustainable
When launching a new programme of executive education, it's important to make sure you understand your audience and know how to attract them.
The more effort you put into building the foundation of your programme, the more success you'll have.
You should consider the SDGs as a tool to help you design a sustainable curriculum.
SDGs represent a new language for business schools, and provide a powerful way to integrate sustainability into your program.
They also enable you to set goals and track progress, which you can see in your Sustainability Roadmap Dashboard.
This user-friendly tool, which is updated twice a year, contains data charts and progress reports.
Sustainability programmes are a great way to boost profits, cut costs, and increase innovation.
In addition, they can build your reputation and reduce risks.
By engaging in this type of programme, you can learn strategies to improve your value creation and communicate its benefits to customers and other stakeholders.
Many business schools are offering executive courses on sustainability leadership.
Courses cover topics such as sustainable supply chain management, employee engagement, and ESG investing.
Some, such as those offered by the NYU Stern School of Business and Stanford Graduate School of Business, are delivered online.
Others are offered on-campus, including those at Oxford University.
There is increasing pressure on corporate leaders to change their value creation methods and implement more sustainable practices.
Consumers and investors are urging companies to focus more on how they produce and distribute goods, and regulators are calling on them to implement more responsible approaches.
These pressures are driving business to develop programs that educate their employees and investors on sustainable values.
One of the best ways to build a sustainable curriculum is to use the Principles for Responsible Management Education (PRME).
PRME is a framework for integrating sustainability into business education, and it provides guidelines for developing a curriculum.
It includes six principles to guide the development of an ESD course.
Another way to ensure a new executive education programme is sustainable is to incorporate the Sustainable Development Solutions Network.
This global initiative, founded by the United Nations, aims to support the Sustainable Development Goals.