Sir Andrew Witty

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CONNECT WITH CRANFIELD

It’s good for business to be good

Sir Andrew Witty, head of global pharmaceutical company GlaxoSmithKline made a powerful case for businesses to connect more strongly with society, and its values and reap the business benefi ts of doing so, at the 2nd annual Pears Business Schools Partnership lecture held at Cranfi eld at the beginning of the year.

He spoke before an audience of over three hundred business leaders, academics and students, with the speech broadcast live to business schools in Denmark, Spain, Belgium, Brazil and France, and followed up with an extensive Q&A session. He closed with a challenge to current business leaders and the potential future leaders he was addressing at Cranfi eld and beyond: “We must stand in front of the mirror and ask ourselves – what’s the most we can do to make a positive difference, to do better, be responsible, to keep challenging and demanding better? One person can make a difference by accepting the responsibility of doing the best they can do, for the business and wider society.”

Professor David Grayson CBE, who chaired the lecture, commented: “Sir Andrew Witty gave us a master-class in what it means to be a successful and responsible leader in a world of intense connectivity and enforced transparency. He asked all of us in any position of authority whether in government, management, teaching or family life: ‘what are you going to do with the power you’ve been handed and entrusted?’ He showed us all that we can make a positive difference – and given that, we shouldn’t settle for silver, we should always aim for gold.”

In the latest Financial Times ranking of global MBA programmes, the Cranfi eld MBA remained one of the top ranked UK business Schools in the world. The School’s Economics group was once again ranked 2nd in the world - in the section which highlights the world’s top 10 by subject category. Other highlights from the ranking include; the Cranfi eld MBA is ranked 14th in the world for value for money, 14th in the world for career progression and 19th in the world for international mobility.

Cranfi eld is among employers’ top 10 preferred business schools in Europe according to the latest QS Global Top Business Schools Report published by The Telegraph. The report is compiled from an annual survey of HR managers and line managers with recruiting responsibilities at companies around the world. Employers are asked to identify which business schools they regard as most attractive for the purpose of MBA recruitment.

Employers rate Cranfi eld MBA

VentureDay 2012

International DBA Top for economics

The fi fth annual Cranfi eld VentureDay will take place on Thursday 10 May. VentureDay brings together Cranfi eld’s extended network of entrepreneurs, investors, and advisors. Speakers at this year’s event include: Sarah Willingham, one of the youngest entrepreneurs in the UK high street food and leisure industry; Craig Sams, Founder of Green & Black’s and Warren East, CEO of British microchip designer ARM Holdings. Visit www.ventureday.co.uk for more information.

The QR codes below will link you to the School’s website via a smartphone

Cranfi eld has united with TiasNimbas Business School of Tilburg University in the Netherlands to offer a joint dual degree International Executive Doctorate of Business Administration (DBA) programme tailored to the needs of senior managers around the world.

The International Executive Doctorate (DBA) is the highest level business qualifi cation and is designed for experienced senior managers and executives who already have a master’s degree and wish to carry out in-depth research on a key management issue in their fi eld to advance their professional career.

Pears Business Schools Partnership lecture

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Cranfi eld in the news

Cranfi eld faculty

Cranfi eld research

Cranfi eld talks

The Cranfi eld School of Management Awards Evening took place in February at the Royal Institution of Great Britain. Students, alumni, faculty and friends of the School fi lled the impressive Faraday Lecture Theatre to hear from this year’s distinguished alumnus Antony Jenkins. The CEO of Barclays Retail and Business Banking talked about leading for the long term. He told the audience: “We face profound and fundamental challenges - long term problems that require short term solutions. In business we have to do what we say we will do in order to rebuild trust.”

Benedicta Morrow-Slason, Director of Alumni Relations and Development said: “It was an excellent event. We were delighted to see so many alumni, students and faculty out to support the school and celebrate the achievements of our prize winners.”

Prize winners included: • 2012 Distinguished Alumnus of the Year: Antony Jenkins,

MBA 1988, Chief Executive, Barclays Retail and Business Banking

• 2012 Entrepreneur Alumnus of the Year: Richard Salvage, BGP 2004, Group Director, Medsa Group Ltd

• Henry Ford II Scholar Award: Todd Myers, MBA 2011 • Odgers Prize: Tessa Irving, MBA 2011.

News

Top management books

A must read for logistics professionals

Managing performance

Professor Patrick Reinmoeller’s book Strategic Management: Competitiveness and Globalization and Professor Keith Goffi n’s book Indentifying Hidden Needs were judged amongst the top fi ve in their respective categories of Management and Leadership and Innovation and Entrepreneurship at the Chartered Management Institute’s (CMI) Book of the Year Awards in London.

Professor Martin Christopher’s latest book Logistics & Supply Chain Management has been published. In the book, described by supply chain experts as ‘a must read’, Martin develops a new focus on complexity management and the demand driven business model.

Professor Mike Bourne’s latest book on corporate performance management examines the nature of corporate performance management and the role of measurement. In the book, Professor Bourne explores how to set up a management system; how to operate it and how to measure it. He also reveals how to make best use of the results.

Research unveiled at No.10 Awards evening

Reaccredited

The School has been successfully reaccredited by AACSB (the US accreditation body, the Association to Advance Collegiate Schools of Business) and by AMBA (Association of MBAs), the international body that accredits management degrees worldwide for a further fi ve years.

Director of School, Professor Frank Horwitz commented: “We are delighted to be reaccredited by AACSB and AMBA.

Accreditation is a rigorous process which involves assessment of many aspects of the School and its programmes.The AACSB report commended our clear and strong mission, the quality of our faculty, students and support staff, the personalised attention we give to students and our collegial culture.”

Cranfi eld remains one of an elite group of business schools worldwide to hold triple EQUIS, AACSB and AMBA accreditation.

These prestigious quality-marks are awarded only after a rigorous peer review process which means that every aspect of a school’s activity - from its programmes to its support services and from its mission to its corporate governance - has been carefully evaluated and approved by leading experts from other business schools.

Alumni awards evening 2012

BOOKS

RESEARCH

An extensive piece of research by Dr David Baxter, Dr Magnus Schoeman and Professor Keith Goffi n, examined innovation in the justice sector and discovered that although there is signifi cant innovation across the sector, it is not managed in a systematic way. The report, which offers an international perspective with analysis of case studies from the UK, The Netherlands and The Czech Republic, sets out that innovation can often be seen as risky and sometimes costly, but suggests that more innovative approaches are essential if new public services are to emerge amidst the wider government remit of increasing effi ciency.

Justice sector research highlights need for systematic approach to innovation

Professor Susan Vinnicombe OBE and Dr Ruth Sealy attended a ‘Women in Business’ event hosted by Prime Minister David Cameron at 10 Downing Street at which the fi ndings of their progress report on the Lord Davies review into boardroom equality were revealed. The Cranfi eld report showed that six months on from Lord Davies publishing his recommendations to increase the number of women on the boards of listed companies in the UK, only 33 FTSE 100 companies have heeded his recommendation to set themselves

targets for the number of women they aim to have on their boards. The progress report also revealed that since the review, 21 women have been appointed to board positions out of a possible 93. This represents 22.5% of all new appointments, some way short of the 33% recommended in the Davies report. The number of women now holding FTSE 100 board directorships is 155 out of a total of 1,092 positions (14.2%). This is up from the 12.5% published in the 2010 Cranfi eld Female FTSE report.

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