Creating opportunities that expose students to global business practices and education is a strategic priority for Imperial College Business School and, as Director for Global Initiatives, I am pleased to announce the launch of IB Glocal electives available to students and alumni across our Global Online, Full-Time, Weekend and Executive MBA programmes.
IB Glocal electives (global + local) are the final part of a recent strategy to internationalise the MBA education our students receive. Whilst an MBA teaches key business knowledge and skills in strategy, operations and general management, we also recognise that today’s companies operate in both global and local markets simultaneously. Skills in glocal strategy are a valuable asset for a multinational looking to hire an MBA candidate.
An innovative learning experience
The concept of glocalisation – that companies developing global strategies also need to have a good understanding of local markets – isn’t new in management theory. However, once again placing ourselves at the forefront of innovative and future-facing business education, we’ve created the IB Glocal elective to expose students to the big challenges faced by international corporations adopting a glocal mentality.
There are lots of benefits to a glocal learning experience on the MBA. Teaching a global perspective whilst leveraging local environments gives students targeting a career or starting a business outside of London – or the EU – a crucial competitive advantage. The elective is also an excellent opportunity for students to develop an understanding of a different country’s business practices and build their personal network.
New York, New York
The first IB Glocal elective will be taught in June 2018 in New York. Led by myself, Dr Paolo Taticchi, and Colin Love, the elective will run in partnership with New York University and the theme is Smart Cities.
Smart cities is also a hot topic for the business and consulting sectors. Subject to a lot of pressure caused population growth, climate change and digital technology, global hubs like London, New York, Dubai and Shanghai are redefining and reshaping themselves as cities of the future.
We have already recognised the relevance of learning around smart cities for MBA students. As the topic for this year’s Innovation Week, Full-Time MBA students heard from organisations, such as Transport for London, who are innovating in the sector, and were tasked with proposing a solution to a common smart city problem.
Both Imperial College Business School and New York University are members of the Partnership in International Management network, an exclusive network of 63 business schools worldwide, designed to promote global initiatives across programmes.
A powerful network
By meeting and networking with companies at the forefront of global and local smart city strategies in New York, students across our MBA programmes will expand their network as well as their exposure to global business strategy.
The IB Glocal elective is an opportunity to study alongside students from across our Full-Time, Weekend, Global and Executive MBA programmes, as well as students from the local host institution. Students can also choose whether to take the elective as an assessed module, or opt to take it as one of two sit in modules for no credit but to gain exposure to the networking and learning opportunities.
An international business education
Students on our MBA programmes come from many nationalities and Imperial College London is the most international university in the UK. Whilst our MBA education leverages case studies from around the world, we also recognise the importance of immersive, international exposure.
That’s why our MBA programmes include a Global Experience Week or International Residencies which allow students to immerse themselves in a global business environment through a series of talks, company tours and workshops with local businesses.
Students can also take advantage of our student exchange programmes, leveraging our partnerships with top business schools around the world. Read Full-Time MBA student Vince Marsland’s summer exchange at The Chinese University of Hong Kong