Business School Briefing: Enron lessons, next ranking, EMBA salaries

Fantastic afternoon from London. 20 a long time just after the collapse of electricity group Enron, recollections of the scandal are fading. How would you remind executives to prevent a repeat of past company mistakes. Also, the up coming FT Small business Instruction rating is upon us.

Published and edited by Wai Kwen Chan and Andrew Jack.

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FT enterprise books

From the politicisation of the workplace to utilizing method in hard periods, right here are the major titles for November and December.

FT European Small business Faculties 2021 rating

It’s that time of 12 months all over again and we are not conversing about Christmas. On December 6 Monday, we will expose the major enterprise faculties in Europe dependent on their functionality in many rankings. Glance out for this on rankings.ft.com/household/regional-rankings and examine our coverage on ft.com/european-enterprise-faculties. The 1st story was posted this morning and seemed at what can enterprise faculties instruct a loved ones company?

Sign up for us for the FT’s ‘Future of Small business Instruction: Spotlight on MBA’

We will be holding a virtual occasion on Feb 23 Wednesday 2022 with FT Editorial and major enterprise faculties sharing insights about the FT MBA rating, dependable enterprise training, innovation and the upcoming of the MBA in a put up Covid-19 world. Sign up for free of charge on: https://businesseducation.reside.ft.com.

Small business university professor advisers sought

We are interested in hearing from enterprise faculties and their professors keen to assistance as advisers, identifying pertinent FT articles that is practical in their teaching and investigate and serving to obtain ways to share it. Get in contact at [email protected].

Sign up for our Future of Work reside occasion

The remaining installment in the FT’s Future of Work sequence will function a combination of interviews, panels and sensible workshops to equip you with the abilities and information to prosper in a new world of work. Register now for this occasion — getting place on December one from 9.30 to 14.30 GMT.

Andrew Hill’s management obstacle

Enron filed for personal bankruptcy twenty a long time ago this week. As I produce in my column, today’s board administrators will need to know about this scandal and some others, due to the fact, as the scandal fades in memory, the chance that they repeat aged faults raises.

At the ten-12 months anniversary of Enron’s collapse, I prompt administrators really should keep a duplicate of the group’s hubristic past letter to shareholders on their desks, like Renaissance scholars held a skull to remind them of their mortality.

For my management obstacle, propose at least a single way in which administrators and executives may possibly be nudged to recall this and other company cautionary tales? An annual “Enron day”? A uncomplicated calendar reminder? An on-line training course in company failure? Send out your strategies to [email protected]

Very last week I asked for tips of a complicated solution or assistance ripe for simplification. On Twitter, @PaddingtonCares arrived up with a worthy applicant: the regulation and problems course of action in social housing, which is “in dire will need of overhaul”. The tweet states: “It requires considerably far too very long to produce results, and is far too intricate for quite a few to access.”

In further examining this week, I highly commend extracts from the a few proposals that are by to the remaining of the FT/McKinsey Bracken Bower Prize this 12 months. The winner will be introduced on December one (and you can sign up for the enjoyable on-line), but in the meantime appreciate insights into cyber security, the upcoming of higher training, and the struggle against local climate modify, from, respectively, Manuel Hepfer, Ines Lee and Eileen Tipoe, and Melissa Zhang. The £15,000 prize will be on supply all over again up coming 12 months, so if you have excellent enterprise reserve strategies and will nevertheless be less than 35 up coming November, glance out for it.

Data line

Each and every 12 months, alumni from faculties getting aspect in the FT EMBA rating expose their salary progress. Recent salaries show there is nevertheless a spend hole in between male and feminine alumni, with males reporting, on common, a base salary of $twenty,000 far more than girls, produce Sam Stephens and Leo Cremonezi.

Feminine alumni, however, have a greater percentage salary raise when compared to their male counterparts in spite of the significant spend hole. In excess of the a few a long time since finishing their reports, feminine alumni salaries rose by sixty four for each cent, on common, when compared with the levels prior to they started their EMBA, while it is 61 for each cent for males. Feminine graduates from Asia-Pacific boast the largest common salary raise of all alumni at 78 for each cent.

Bar chart of Current wage increase of alumni salaries from before their EMBA  compared with now, split by gender and location showing Executive MBA female alumni have a higher percentage salary increase compared to their male counterparts

Even more investigation of the FT’s EMBA rating can be found right here.

Work and occupations roundup

  • We’ve all observed colleagues who are bluffing, owning not done their homework. Right here are ways to spot these who are ‘winging it’ at work.

  • Just after beating ageist setbacks in their occupations, two good friends kickstarted schooling programmes with worldwide ambitions. Locate out how to prosper as a mid-everyday living lady in the inventive industries.

In 2021, Jane Evans (left) and Carol Russell, posted a reserve called ‘Invisible to Priceless: Unleashing the Ability of Mid-Everyday living Women’

Read through far more options on ft.com/work-occupations.

How excellent is your information of the news?

Respond to our ten concern quiz.

Best reads from enterprise faculties in the past week

Boris Johnson announces actions to contain distribute of Omicron variant United kingdom functions as far more circumstances detected in Europe and Asia-Pacific international locations tighten journey constraints. Also, shares slide most in a 12 months on problem about the new coronavirus variant.

Line chart of Stoxx 600 showing European shares have fallen from record highs

Chinese hypersonic weapon fired a missile about South China Sea The Pentagon struggles to have an understanding of how Beijing mastered the technology.

The Pentagon believes China released the hypersonic glide vehicle on a Lengthy March rocket, observed right here at the Wenchang Space Middle on China’s southern Hainan Island past 12 months © AFP via Getty Illustrations or photos

Jamie Dimon apologises 2 times just after saying JPMorgan will outlast China’s Communist bash The Wall Street chief suggests he really should not have produced the remarks pursuing a check out to Hong Kong.

Jamie Dimon at the French headquarters of JP Morgan bank in Paris, June 2021 © AP

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