Executive Development Blog

Lead the Way in Developing Your People

Posted by UNC Executive Development on Mar 26, 2015 9:49:00 AM

Developing talent is a long-term investment that must be executed by line leaders in an organization. HR organizations can help pave the way and increase the probability of accelerating development in an organization, but ultimately, line leaders are the talent builders of an organization. Three of the world's most accomplished Talent Management Practictioners, Jim Shanley, Corey Seitz, and Marc Effron, have found that there are about a dozen critical actions that all talent builders must take to ensure the development of their people. The following steps will benefit all leaders who are serious about managing talent effectively in their organization.

talentbuilders

Below is an action plan that all talent builders should follow to build the best team:

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Professional Development Needed for Success

Posted by UNC Executive Development on Mar 24, 2015 12:05:40 PM

“C-suite-level executives see corporate learning as a primary driver for global business success. But that doesn’t mean learning leaders can go light on strategy, delivery and metrics,” reports Steve Fiehl of Chief Learning Officer magazine. Here is a summary of Fiehl's recent CLO article in which he summarizes a survey on that topic and makes the case that learning leaders should make creating a development-centric culture within their workforce one of their main objectives in order to lay the groundwork for success at a company wide level. 

Organizations Prioritize Professional Development 

The business environment today functions in a global, constantly changing climate, and for organizations to stay ahead of the game, they must invest in the development of their employees. In June 2014, C-level executives from top companies across the world were surveyed by the Economist Intelligence Unit to gain more knowledge on the correlation between workforce development and business outcomes. The survey included 295 executives from across the Asia-Pacific, Europe, Latin America and North America in a variety of industries and top-level positions. The results of the survey found a few commonalities and one main trend: workforce leadership development remains a priority in today’s economic climate.Photo Credit: Chief Learning Officer

What L&D Will Incorporate in the Coming Years

The survey revealed that in the next three years, there will be a decrease in the emphasis placed on traditional leadership and communications skills while innovation, global mindset, social media literacy, and virtual team management will increase in importance. Developing a global mindset experienced the most significant increase for the next three years. Companies also reported that they will explore incorporating social training, TED talks, and MOOC’s as modern methods of delivery development.

Obstacles to Workforce Development

No surprise here  - insufficient resources tops the list of learning obstacles, tied with insufficient learning management systems. Something to take note of here, though - the third obstacle listed was insufficient engagement by HR and talent management professionals.

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What is Leadership?

Posted by UNC Executive Development on Mar 23, 2015 2:19:00 PM

“Leadership is lifting a person’s vision to high sights, the raising of a person’s performance to a higher standard, the building of a personality beyond its normal limitations.”

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Ready to Serve: How and Why You Should Recruit Veterans

Posted by UNC Executive Development on Mar 19, 2015 10:33:03 AM

Leadership, teamwork, critical thinking, and problem-solving skills are just a few of the capabilities that veterans possess. For the first time in a generation, hundreds of thousands of men and women are leaving the U.S. armed forces as war veterans. By hiring veterans, businesses can improve their brand, attract new customers, increase the loyalty of their existing ones, and become an employer of choice.Recruiting Veterans - UNC Executive Development

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UNC Executive Development Coaches Managers on Financial Analysis

Posted by UNC Executive Development on Mar 17, 2015 11:27:02 AM

Data and analytics are essential to the success of a business. Incorporating research and measurement into business strategy has become a science over the years. An article in Forbes magazine, "How to Win in Any Market," discusses how taking advantage of data through analytics can increase an organization’s bottom line. Industries that deal in data such as banking, insurance, and finance are not the only ones with an advantage in today’s market. Organizations who can be flexible and utilize their data and resources can drive just as much profit.


UNC Executive Development

Financial analysis is important in all areas of a business - organizations are driven by financial goals and these goals need to be understood and realized by all employees. All levels of management need to have a grasp on the financial aspects of the business in order to position their organizations for success.

One of UNC Executive Development's most widely attended programs is the Financial Analysis for Non-Financial Managers program, which is designed to teach participants how to interpret and analyze financial reports and gauge financial impact across departments to better understand an organization’s financial position. The program will be held twice in 2015, first in May and again in October.

Program Overview

Managers need both financial acumen and financial insight to succeed. Executives without a strong financial background can spend many frustrating hours trying to interpret financial reporting data. During this three-day financial education program, you will quickly learn the managerial and financial accounting skills and concepts needed to define and measure your company’s financial performance. Equipped with this financial knowledge, you will be able to make more informed, effective decisions within the organization.

Financial AnalysisProgram Benefits

This program is designed to give today's rising managers the financial acuity to succeed in their organizations. Specifically, the program is designed to help managers:

  • Learn important accounting and financial  terms and concepts;
  • Acquire the skills to create and analyze basic income statements, balance sheets, and cash flow statements;
  • Improve their knowledge of the components of costs, and how costs affect pricing decisions;
  • Evaluate financial statements using ratio analysis;
  • Create and understand pro-forma financial statements;
  • Master NPV and IRR time value of money computations;
  • Learn a basic framework for organizing financial decisions;
  • Learn key issues in estimating debt and equity costs of capital;
  • Learn how to structure and evaluate an investment project;
  • Learn about the major ways to value a single project or an entire firm;
  • Learn how to use Excel in financial decisions;
  • Help their organizations make smart operating, investing, and financing decisions, and;
  • Gain insight into the fundamental economic value of their organizations.

Financial Analysis - UNC Executive DevelopmentProgram Faculty

Professor John Hand of the UNC Kenan-Flagler Business School faculty teaches the Financial Analysis for Non-Financial Managers program. John Hand, PhD is the H. Allen Andrew Distinguished professor of Accounting and Finance. He teaches financial statements to MBA and Masters of Accounting students and had been the lead instructor for Financial Analysis for Non-Financial Managers since 2012.

The Financial Analysis for Non-Financial Managers program will be held on May 6-8, 2015 and October 19-21, 2015. For more details on the program, view the full program profile

To read more about the importance of integrating job skills in today’s business world, read the full Forbes article, How to Win in Any Market

UNC Executive Development has a variety of professional development and leadership programs which can be viewed here: Open- Enrollment Programs . Also be sure to take a look at our Resource Library with additional talent development white papers, research, newsletters, and webinars.

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Program Profile: UNC Executive Development Institute

Posted by UNC Executive Development on Mar 12, 2015 9:53:54 AM

Executive education continues to be an important professional development tool which has the added bonus of increasing employee satisfaction and organizational commitment. The combination of customized programs and open-enrollment programs offered by top-tier business schools gives organizations ample opportunity to tailor their employees' executive development experiences. According to a recent survey by Chicago Booth, in the past two years U.S. business schools have seen a five percent increase in growth of executive education programs. Today, there is a larger incorporation of technology in these programs as well as an increase in blended learning programs. Executive Education

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UNC Executive Development - The Neuroscience of Motivation

Posted by UNC Executive Development on Mar 10, 2015 12:04:38 PM

Check out this summary of UNC's most recent white paper, Motivation on the Brain - Understanding the Neuroscience of Motivation and Applying It in the Workplace, authored by Kimberly Schaufebuel.

IntroductionUNC white paper on motivation and neuroscience

To move and inspire people, you must first understand them. For centuries, deciphering what motivates human behavior has baffled even the most influential thought leaders. Getting others to do their best work in a dynamic environment is an enduring challenge.  Many organizations believe that compensation is the primary motivator for results, but scientific evidence suggests that the link between money, motivation, and performance is much more intricate.

Numerous motivation studies have concluded that people are significantly more motivated by intrinsic rather than extrinsic rewards. Research has found that not only is money not a good motivator, it actually may serve as a demotivator in certain circumstances. Until recently, however, we did not comprehend the science behind what guides our behavioral energy and direction. With the flourishing field of neuroscience—the study of how the brain works—great advances have been made in understanding the science of motivation in the brain. These new insights can inform HR and talent development professionals about how to apply it to improve employee motivation in the workplace. 

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UNC Executive Development - The Bottom Line and Employee Engagement

Posted by UNC Executive Development on Mar 5, 2015 9:34:00 AM

There are numerous factors that organizations review when trying to determine how to improve and how to function successfully. The greatest asset that organizations have is the power of their employees. Employee engagement – the emotional commitment of employees – is a tremendous competitive advantage that can positively impact the bottom line of an organization when strategically managed.Employee Engagement

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UNC Executive Development - The Impact of Mentoring

Posted by UNC Executive Development on Mar 3, 2015 2:24:18 PM

The Harvard School of Public Health and The National Mentoring Partnership deemed January National Mentoring Month in order to emphasize the importance that mentors have on young people. Mentors, however, are not just needed for our youth. An article in Forbes magazine discusses the numerous ways that mentors can assist individuals in all stages of their lives. In the article, one woman attributed much of her career aspirations and success to drawing upon inspiration from mentors. In her case, one of her most prominent mentors was not one that fostered her growth in person, but a historical figure who possessed immense leadership qualities and integrity. The objective of mentoring, at any stage, is to influence attitudes and behaviors in a positive manner. UNC Executive Development- Mentoring

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UNC Executive Development: Developing Leadership Presence

Posted by UNC Executive Development on Feb 26, 2015 9:00:00 AM

Effective leadership is key to an organization’s success. Business initiatives often start at the top, and having leaders who set the right example for employees, who uphold the company's values, and who inspire others to strive to meet the organization's goals is essential.

Leadership-1

An article in Forbes Magazine, Presence: Your Key to Stronger and Bolder Leadership, outlines many qualities of a good leader. Leadership development is important for shaping leaders and coaching individuals on how to manage employees, and themselves, in the best way possible. New findings describe the importance of confidence in those who hold leadership positions. Individuals with a certain authenticity, those who maintain an executive presence and know how to carry themselves, also inspire others to do well. Having a strong presence allows individuals to have a certain influence over others, especially when these individuals are in a position of authority. While some people have a natural presence, leadership development and coaching can be used to build the influence and abilities of individuals in higher management positions. “A leader who invites others to them to share ideas, collaborate, and then create a future in which individuals and teams benefit is a leader worth following,” John Baldoni, Forbes Magazine. 

Developing Leadership Presence Program Overview

Confidence. Vision. Integrity. Courage. Perseverance. These are some of the traits that successful leaders possess. While knowledge and experience are critical to success in business, truly gifted leaders are recognized through their words and actions. Leaders must have a highly developed self-awareness, and they must also connect with others in a meaningful and authentic way. These characteristics embody true “leadership presence,” and leaders can learn and put into practice these important communication attributes. Leadership presence is, in part, a projection of values and conviction, and it requires honesty, trust, and confidence. How leaders look and sound has a profound impact on the image they project, and this image can either strengthen or weaken their ability to inspire and motivate an audience.  In UNC Executive Development's Developing Leadership Presenceprogram, you'll have the opportunity to explore, develop, and refine your leadership presence so that you can lead more effectively in your organization.

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