Fri. Dec 3rd, 2021


Good afternoon from London. Virtual worlds are not just for games, but they can be a way to develop leadership skills. If you also want to gain insight into the MBA, make sure you are free on February 23rd, Wednesday, 2022.

Written and edited by Wai Kwen Chan and Andrew Jack.

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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://businessducation.live.ft.com.

Business school professor advisers wanted

We are interested to hear from business schools and their professors who are willing to help as advisors, to identify relevant FT content that is useful in their teaching and research, and to help find ways to share it. Contact by bschool@ft.com. Many thanks to those who have already responded to our request.

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Hands up: If you use FT in business school classes, we’d love to hear from you © Getty Images

Andrew Hill’s Management Challenge

The metaverse – as outlined by Facebook and Microsoft – is likely to be an ineffective means of traditional advertising, but it can be an interesting place to stimulate and accelerate leadership skills. This was one conclusion researchers made when looking at how businesses and people interact with an earlier virtual world, Second Life, as I mentioned in this week’s column.

Me management challenge this week is to use the same magical thinking that Mark Zuckerberg applied when he proposed the metavers and thinks of ways, crazy and serious, in which you can use an alternative 3D universe to improve how organizations work. Send suggestions via one-dimensional email bschool@ft.com.

Last week I asked how you would propose to get into a “flow state”. Exuperius tax suggests the ancient method of writing a list. “I find the momentum you can build by ticking things off a list and observing its quantifiable impact on an overarching main goal incredibly rewarding,” he writes.

In further reading, MIT Sloan Management Review has published a practical guide to delegation by Lebene Soga, Ben Laker, Yemisi Bolade-Ogunfodun and Marcello Mariani, as a key to strengthening remote teams. It is based on their study of communication between 1,200 executives and staff of a Fortune 500 company. “Delegation is a skill like playing chess or guitar,” they argue. “Do not expect to be good at it right away, but if you start now, you will get better over time.”

Data lyn

Alumni whose EMBAs were not funded were less likely to earn above the average base salary, writes Sam Stephens and Leo Cremonezi. Those who work in the finance, banking and fintech sectors take home the highest wages. The salaries below are in US dollars, adjusted for purchasing power parity.

Graph showing sectors above and below average alumni base salary, by financial sponsorship ($)

See complete EMBA rankings and read further analysis.

Jobs and careers summary

How social media rewrote the rules of engagement between employers and staff – and workers do not hold back.

Also a behavioral scientist unveiled how to get a salary.

Adidas will ask employees to voluntarily share personal data about their ethnicity, nationality, gender identity and sexual orientation as part of efforts to improve diversity at the company.

Amanda Rajkumar admits the decision makes some people nervous, but says the information will help measure progress © Christine Blei / Adidas

Find out how the head of the voice technology company Smartmatic – who accused Trump and his allies of fraud – had to deal with the crisis it created and the death threats.

Read Career Advice for a Big Four Tax Accountant Looking for a meaningful career.

How good is your knowledge of the news?

Answer our 10 questions quiz.

Top lectures from business schools last week

Jes Staley, head of Barclays, must resign after Epstein investigation The disgraceful financier was a key client of JPMorgan’s private bank, which Staley previously managed.

Jes Staley

Jes Staley is the latest high-profile figure in finance to fall due to their relationship with Jeffery Epstein © Evan Agostini / Invision / AP

Musk urged to sell 10% of Tesla stake after holding Twitter poll The electric car company’s chief promises to abide by the platform users’ decision affecting $ 20 billion worth of shares.

Elon Musk

Tesla is required by US regulators to check any communications by Elon Musk that could affect its share price, after once tweeting inaccurately that Tesla was close to a buyout © REUTERS

Fed to start rolling back $ 120 billion a month stimulus program The central bank plans to ‘slim down’ on bond purchases as the US economy struggles with rising inflation.

The tapping process is expected to begin in mid-November, indicating that the stimulus program would stop in June 2022 © Stefani Reynolds / Bloomberg

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