Article

Positioning the Executive MBA Product: Let's not forget the requirements of the corporate market

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Abstract

The executive MBA qualification is much sought-after as an alternative to either full time or part time study for a postgraduate management qualification. Potential top managers and organizations alike have eagerly embraced it, with the former seeing it as a pathway to corporate success, and the latter as a solution to issues such as management succession and sustained competitive advantage. Business schools and educational institutions across the world have rushed to cater to this lucrative market, which has generally shown itself to be more resilient to price than other MBA market segments. However, providers face a real dilemma in positioning their offerings, as they realize that the two constituent groups – managers as students, and organizations as sponsors – can have very different agendas in pursuing, employing and funding the EMBA. This paper explores these issues and provides a framework for the consideration of various strategic positioning alternatives.

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... Despite this, there often seems to be relatively little attention given to this type of student and study within traditional universities. For example, Page et al (2004) draw attention to the dilemma of designing EMBAs that are attractive to both students and their employing sponsors, suggesting that this does not seem to have been given sufficient attention by educators. This paper reports some findings from an ongoing longitudinal study of part-time students in an English university. ...
... This draws attention to a potential tension between the different stakeholders in occupationally and professionally oriented Higher Education especially when employers are more actively involved in its deliveryoften providing study leave and/or sponsoring employees. Page et al (2004) explore this issue further, highlighting a tension between stakeholder expectations roles in the part-time education environment, pointing out that students 'may be customers ... but may also simply be products ' (2004:2) suggesting employers may perceive themselves more as customers. Although such apparently marketing-oriented conceptualisations of universities catering to various types of customer do seem to be used increasingly, Hoffman and Kretovics (2004:103) do point out that many faculty are 'uncomfortable' with the customer metaphor. ...
... Thus, an individual's instrumental 'goal' associated with an activity (such as academic study) can vary considerably. For example, in the current study there was very little, if any, evidence of participation in business and management programmes for 'love of knowledge for its own sake' (ie the sort of intrinsically motivated study that might be expected in some academic disciplines), but there was considerable value given to course content from a professional perspective; as Page et al (2004) point out that a key 'benefit of EMBA programmes should be that participants are able to apply what they have learned almost immediately ' (2004:9). To this end, the university strives for focused relevance in many of its part-time business programmes. ...
Conference Paper
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Part-time study is an important and growing part of higher education especially in the delivery of vocational and professional programmes. This ongoing research explores the experiences of a sample of participants drawn from MBA, MSc Management and MAHRM part-time programmes (further recruitment from 'new' cohorts of students is planned). It takes a longitudinal approach, maintaining contact with participants utilising asynchronous, semi-structured 'e-interviews'. These participants engage in periodic e-correspondence with a mixture of standard questions and probes tailored to individuals. The data collection has been in progress for 18 months and a fifth round of e-interviews is underway. This paper explores the research design and its methodological implications, especially in relation to interviewee retention, while reporting the initial findings. Participants are encouraged to reflect on various aspects of their work and study and our data analysis has highlighted themes relating to professional learning and the challenges and benefits to students of managing formalised higher education while employed in demanding full-time management roles in private and public work organisations. One particular concern is the relevance of course content to their work and the perceived value of their studies. The latter is often viewed in a relatively short-term, instrumental manner and can be both specific (such as application of a theory or practice introduced in class or reading) and broad (such as the belief that colleagues and line managers can show more respect for someone studying or qualified in a management discipline) in scope.
... It is designed specifically for working business professionals so that students can complete a program with minimal work interruption. (Bevelander and Pitt 2004) EMBA programs are a by-product of non-credit management training programs. Early management training programs were designed for executives from large corporations and typically included four weeks courses. ...
... As the number of EMBA programs increases and traditional MBA programs step up marketing efforts to attract students, EMBA programs must become more proactive in recruiting both students and sponsoring organizations (Anna et al 2001). The EMBA market has continued to grow, and for many business schools the product may be the only star in a rather dismal universe (Bevelander & Pitt, 2004: 3) In the last decade Executive Master of Business Administration (EMBA) programs have seen a major growth in their student enrolment worldwide. This growth is caused by the increasing need felt by both large and small organizations for highly qualified professionals to manage in the increasingly complex and competitive global market place (Drew & Stephen, 2011). ...
... Since 2003, the number of institutions reporting longer EMBA programs of 21-22 months decreased. Bevelander and Pitt (2004) argue that the EMBA qualification is much sought-after as an alternative to either full time or part time study for a postgraduate management qualification. Potential top managers and organisations alike have eagerly embraced it, with the former seeing it as a pathway to corporate success and the latter as a solution to issues such as management succession and sustained competitive advantage. ...
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The purpose of this study was to investigate factors influencing the enrollment of students into the Executive Masters of Business Administration (EMBA) Programme at Africa University in Mutare, Zimbabwe. Questionnaires were distributed to students, lecturers and administrators of the EMBA programme. The analysis showed one the factors hindering increased enrollment is cost. The fees are unaffordable given the fact that the majority of students pay from their personal savings. Moreover, there is emerging competition from other programmes offered by Africa University while other universities in Zimbabwe are offering similar programmes at a lower cost. The participant also indicated that quality of service needs to be improved and formal advertising and marketing efforts made as many participants indicated that they got to know about the programmes through informal means such as from friends.
... It appears that even in the top ranked executive MBA programs that the schools position themselves to address the student constituents, and to a far lesser degree, their employing organizations even though estimates show as high as 84% of executive MBA students have their programs funded by their employer. (Page, et al, 2004) The research of Page, et al, (2004) lists a number of criteria programs need to address to better serve the needs of the employer. Listed first on the criteria list is "maximize the organization's competitive advantage" (p.8) and specifically addresses problem solving and strategic thinking while also listing a proficiency across a number of selected business disciplines. ...
... It appears that even in the top ranked executive MBA programs that the schools position themselves to address the student constituents, and to a far lesser degree, their employing organizations even though estimates show as high as 84% of executive MBA students have their programs funded by their employer. (Page, et al, 2004) The research of Page, et al, (2004) lists a number of criteria programs need to address to better serve the needs of the employer. Listed first on the criteria list is "maximize the organization's competitive advantage" (p.8) and specifically addresses problem solving and strategic thinking while also listing a proficiency across a number of selected business disciplines. ...
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The faculty of the Executive MBA program ("EMBA") are investigating a change to the EMBA curriculum. The motivation for a change is to provide a unique, applicable and experiential- learning opportunity. Participants will experience a threaded, experiential-learning component to the curriculum, and second, to advance regional technological research from laboratory to marketplace. In that process a new course focusing on technology assessment and product/service commercialization will be added to the curriculum. In addition, each course offered in the EMBA cohort program, where appropriate, will offer a discipline-specific "thread" to support each team's commercialization project. Each EMBA class will be expected to assess 3-5 technologies over the course of the 18-month program. Every 12 months a new class is introduced therefore, as many as 10 projects maybe active at any time. Executive Education Executive education is the "hottest product in the growing MBA market" and is forcing universities to heighten their focus on the quality of their executive MBA programs. (Tyler 2004, p. 105, Page et al, 2004, Filbeck and Webb, 2000) In 2004, 53% of executive MBA programs around the globe showed an increase in interest from perspective students, while traditional MBA programs, reported a decline in applications. (Logue, 2005) Sihler (1993) found that students of executive education are more demanding and critical and value experiential learning more than other students. Cason (1993) asserted that executive education students prefer a results oriented program.
... To date, the literature relating to Higher Education management has focused on a variety of areas such as questions relating to internationalisation (Yu, 1996;Teichler, 1999;Dobson and Holtta, 2001;Altbach, 2004) and issues of quality assurance and control (Lloyd and Wiser, 2006;Fallshaw, 2003). With specific reference to business schools there has been growing interest in the sector as reflected in research relating to the changing nature of business school management at graduate level (Friga, et al., 2003) and the need to redefine and reposition business schools (Bennis and Toole, 2004;Pfeffer and Fong, 2004;Page, et al., 2004;Starkey, et al., 2004), the productivity and rankings in the popular press (Baden-Fuller, et al., 2000;Bickerstaffe and Ridgers, 2007;Dicher, 1990;Siemens, et al., 2005). ...
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The strategic group concept provides an attractive middle ground between firm and industry for both theory development and empirical analysis. To date, this concept has been defined by researchers in terms of secondary accounting and financial data, and a number of critics have questioned the validity of this work. Our research shows that industry participants share perceptions about strategic commonalities among firms, and that participants cluster competitors in subtle ways not reflected in extant academic research on strategic groups. Decision makers' perceptions and cognitions are phenomena that can be expected to influence industry evolution. They are of research interest as an additional source of data on firm commonalities which helps address concerns about previous strategic group research.
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Recently, a number of researchers seeking to develop cognitive approaches for understanding processes associated with the development and implementation of competitive positioning strategies have drawn attention to the notion of ‘cognitive inertia’. Once established, there is a danger that actors may become overly dependent on their mental models of competitive space, to the extent that they fail to notice changes in the material conditions of their business environment, until these changes have become so widespread, or significant in other ways, that their organization's capacity for successful adaptation has been seriously undermined. While there have been several anecdotal accounts of cognitive inertia reported in the literature, and a number of researchers have explored processes of cognitive change in organizations more generally, to date there have been virtually no studies published which have investigated this phenomenon specifically within the domain of competitor assessment. This paper reports one such investigation, a longitudinal field study which explored the extent to which actors' mental models of competitive space in the UK residential estate agency (real estate) industry, an industry characterized by high volatility in recent years, remained stable or changed over time. An initial sample of 208 respondents from 58 firms completed detailed questionnaires at the onset of the recent recession in the UK property market. The questionnaires were designed to elicit the respondents' perceptions of their own organization and various competitors on a number of key dimensions. A sub-sample of 114 respondents from 41 firms returned a further set of completed questionnaires, 12 to 18 months later, when the recession had become deeply established. The findings are entirely consistent with the cognitive inertia hypothesis. The results indicate that the respondents' individual and collective cognitions remained highly stable, despite a significant down-turn in the property market from T1 to T2.
Article
Typescript. Thesis (Ph. D.)--University of Illinois at Urbana-Champaign, 1988. Vita. Includes bibliographical references (leaves 257-268). Available on microfilm from University Microfilms.
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