Happy New Year from London and we hope you enjoyed the festive season.
Businesses dealing with live performances such as theaters suffered during the pandemic. Tell us how you will encourage audiences to return to live events and we will print the best ideas in the next newsletter.
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Thank you for reading our Business School Information Session – Wai Kwen Chan and Andrew Jack.
Business School Research: ESG
Long-term institutional investors invest in companies that focus on ESG and are more patient, even in the face of weak returns or shortfall in earnings. This is the core finding of the 2021 Moscow Prize paper awarded by the Kellogg School of Management to Laura Starks, Parth Venkat and Qifei Zhu for their paper Corporate ESG profiles and investor horizons.
Andrew Hill’s Management Challenge
As CEO of Cirque du Soleil, Daniel Lamarre has been manning pandemic, bankruptcy, mass retrenchments and increasing recovery at the famed Montreal-based live entertainment group since revenue dropped from $ 1 billion to $ 1 billion in March 2020. Lamarre, now executive vice-chairman of the group, told me how Cirque tried to stay agile, like his artists.
For me management challenge, put yourself in the shoes of showbiz impresarios like Lamarre: what’s your pitch for an audience eager to experience live action but nervous about coronavirus as they consider whether to roll back to the circus tent in 2022? Send a few sentences to firstname.lastname@example.org.
Before the holidays, I asked you for tips on how to deal with workplace stress. Maybe you were completely too burnt out to respond, but on Twitter @BWHildebrandt was at least concise. “Stop,” they advised.
In Further reading, with Elon Musk and Tesla apparently never out of the headlines, this is a good time to look again an interesting post at WardsAuto by John McElroy. He suggests Tesla is overthrowing what the world of manufacturing and management once taught about the “Toyota Way”. “All the arguments I hear in favor of clinging to the old way of doing things are exactly the same ones I heard decades ago, when it was the Toyota production system that disrupted the industry,” he writes.
Finally, and just for fun, let me point you out as well my own satirical doll at the (imaginary) business books which you should definitely avoid in 2022.
Data line: Environmental, social and management education
Free opportunity: Join us for the FT’s ‘Future of Business Education: Spotlight on MBA’
We are holding a virtual event on February 23rd, Wednesday 2022 with FT Editorial and top business schools sharing insights on the FT MBA rankings, responsible business education, innovation and the future of the MBA in a post Covid-19 world. Register for free at: https://businesseducation.live.ft.com.
MBA and executive MBA programs offered in Europe devote a greater proportion of their courses to ESG compared to schools in other regions, writes Sam Stephens and Leo Cremonezi.
The average proportion of core MBA teaching hours devoted to ESG in Europe is 75 percent higher than the rest of the world, where only 12 percent of the degree is related to ESG topics.
Despite higher levels of ESG teaching on MBA and EMBA programs, business schools in Europe devote less of their Master’s degree in Management courses to the subject compared to other regions.
Further analysis of FTs European Business Schools rankings can be found here.
How up to date is your news knowledge?
Jobs and careers summary
Career Director Jonathan Black gives advice to a business management graduate trying to decide whether to family business or get a job?
New job? Here’s how to manage the change Leaders and employees must accept uncertainty and failure as part of every workplace transition.
How a super reader gets through 52 books a year The expert advice is to get up early, treat bad literature mercilessly and fleeting, fleeting, fleeting, says Pilita Clark.
Why does no one think of thanking their boss Your team thinks your job as a manager is to solve their problems. They are not there to solve yours.
Book Review: Within Iceland’s investigation into the 2008 financial collapse Former chief investigator for the Icelandic regulator shares his insights how fraud was unearthed and bankers sent to jail.
Top lectures from business schools last week
Theranos founder Elizabeth Holmes convicted in criminal fraud trial The founder of the beginner of the blood test Theranos was convicted on four charges, including fraud by investors.
Junior lawyer burnout: M&A boom accelerates exit from elite firms Heavy workload and long hours led to a growing number of employees resigning, despite high salaries.
Opinion: It’s time to admit that hybrid does not work Mid-morning yoga comes at the expense of professional interactions and employee productivity.
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