Debate brews at MBA Capstone Conference Inside this issue… Corporate, entrepreneurial and academic experts joined students and alumni for a day of rigorous debate at this year’s MBA Capstone Conference. This month’s issue includes a special supplement about the experiences of our MBA students on their International Business Assignment (IBA). The theme of ‘Innovation – Nature or Nurture?’ proved controversial as heated discussions made for an electric atmosphere on 14 July. A packed programme included keynote speeches from the eloquent Lord Bilimoria of Chelsea (pictured), founder and chairman of Cobra Beer and a Cranfield alumnus, and creative guru Tim Selders, an international design management consultant. The IBA is an opportunity for the MBAs to apply what they have learned by visiting organisations across the world to explore how they address issues around diversity, sustainability and corporate responsibility. This year, our MBAs travelled to China, Japan, Sri Lanka and Zambia. Cranfield’s own entrepreneurship expert, Dr Shai Vyakarnam, chaired the morning panel in typically energetic and no-nonsense style. Lord Bilimoria was joined by inventor David Brown and academic Uday Phadke in a lively debate about innovation mindsets and triumph over adversity, which kept the students enthralled. In the afternoon, corporate heavyweights took centre stage as transformation specialists from AT Kearney (Robyn Wright), Strategy& (Victor Koss) and the Post Office (Magnus Schoeman) joined Tim Selders in a fascinating and candid discussion about the organisational design for innovation. The Director of the Doughty Centre, Professor David Grayson CBE, was on hand to stir up the debate in expert manner. Alison to be honoured One of the School’s current MSc International Human Research Management (Defence) students is to be awarded an OBE. Appearances from three more Cranfield professors – Maury Peiperl, Keith Goffin and Tom Stephenson – put the icing on the cake. The MBA students who organised the conference would like to thank the participants for a richly rewarding event which marks the end of the MBA year. Our faculty are recognised for their efforts Nine members of the School’s faculty have received awards for teaching and learning as well as their research. The Teaching and Learning Awards winners, nominated by programme directors, were valued and recognised for their excellence in teaching and learning: • Dr Richard Kwiatkowski and Dr Deirdre Anderson – for outstanding contribution to Organisational Behaviour (OB) teaching on the MBA programmes and for being ranked number one in the world by the Financial Times. • Dr Jutta Tobias – for outstanding contribution to creating research informed executive education and development in the field of mindfulness. • Professor Hugh Wilson, Dr Emma Macdonald and Dr Radu Dimitriu – for doctoral supervision (of Guy Champniss) resulting in a high impact publication (Harvard Business Review), research funding and best thesis award 2014. • Dr Arnoud Franken – for excellence in teaching including an outstanding contribution to crosscampus programmes and in support of the ‘One University’ agenda. • Dr John Towriss – for outstanding programme director (for the full-time MSc Logistics and Supply Chain programme). Lieutenant Colonel Alison McCourt (pictured), who ran an Ebola treatment unit in Sierra Leone, has been recognised for her contribution to the fight against the deadly disease in the latest Operational Honours list. Alison was deployed at the beginning of the Ebola crisis in October 2014, overseeing the Kerry Town Treatment Unit for eight months as Commanding Officer. Professor Clare Kelliher, Director of the IHRM(D) programme, said: “We’re delighted that Alison is to receive this accolade. She thoroughly deserves public recognition for her outstanding contribution to the war on Ebola.” Target now reached The Research Awards, nominated by the Research Development Group (RDG), were presented for research that had been published in top quality journals and had impact on business, government and society: • Dr Elmar Kutsch – for lead authorship on a paper awarded the Stafford Beer Medal and described by the OR (Operational Research) Society as making a valuable contribution to project management. • Dr Emma Macdonald and Professor Hugh Wilson – for collaborative doctoral supervision resulting in early publication in a world-leading journal and with significant practitioner relevance. Professor Kim Turnbull James, who jointly organised the awards with Professor David Denyer, said: “These awards are richly deserved by the winners; it is great recognition for all of them having been outstanding in the last year, either as an individual or as part of a collaboration.” Transforming knowledge into action The UK’s FTSE 100 has reached the target of 25 per cent of board positions being filled by women. The announcement was made by Prime Minister David Cameron and follows the target set by Lord Davies in 2011. The Cranfield International Centre for Women Leaders has been monitoring the number of women on the boards of FTSE companies since 1999, during which time there has been a steady increase. Professor Susan Vinnicombe OBE, who has led the research, said: “It’s great to see the FTSE 100 reach the target of 25 per cent women on their boards and congratulations to everyone involved.” Why not car share? You can save petrol, help the environment and have the added bonus of using the designated ‘car share parking only’ spaces on campus. Simply sign up to the website www.cranfield.liftshare.com, using your Cranfield email address to access the private University group. Issue 254 // August 2015 Shai’s tech credentials Message from a Director… Shai Vyakarnam has been named as one of the Top 100 Asian Stars in UK Tech 2015. Executive education for the School and for the University is poised to enter a new phase of growth. A natural medium to engage with the practitioner world for a university such as Cranfield, executive education represents a key opportunity to extend our brand and our educational reach internationally. Open enrolment programmes, with their focus on drawing participants from diverse business, cultural and geographical contexts, will play a critical role within this. He rejoined Cranfield earlier this year as Director of the Bettany Centre for Entrepreneurship, having completed his MBA and PhD here before then working as an academic. The ‘One University’ ambition provides the strategic framework and organisational infrastructure to leverage key account management across schools for the first time, drawing on each other’s depth and breadth of relationships in the client arena. Combined with the School’s world-class expertise in design and delivery of executive education products, built over almost five decades, this represents a rare capability in the crowded executive education market. Shai said: “This was a surprise but a welcome one. I have been working with tech startups and early growth firms for 15 years or so and hope to unlock that potential at Cranfield as well. The real stars are, of course, the tech entrepreneurs!” The A-Z list, published by NewAsianPost.com in association with Diversity UK, KPMG and Wayra, hopes to challenge stereotypes in the digital sector. This coincides with the launch of the new online publication NewAsianPost.com, which aims to uncover the ‘untold stories and unheard voices’ of the Asian community. We plan to draw on this capability to maximum advantage, for although we are entering a period of cyclical market expansion, all ships rise equally when the tide comes in, potentially masking our progress against what is now a formidable competition. That said, most executive education is regional, and so Cranfield’s international reputation offers a further advantage, even though there is much work to be done to extend our international presence. So, we are very well placed, and we should have confidence in being able to make great progress within our executive education mission. This will include growing participant numbers on what is already a strong open programme portfolio in the School, collaborating across schools to build new product offers, and extending the University’s brand by taking our products to key international locations. Enough, if not all of the strategic ingredients are in place, so without doubt it is the right moment in time to be ambitious. Dr David Butcher Director of Executive Development Programmes and Director of the Centre for General Management Development Cranfield named as employers’ number one university outside of the US for supply chain excellence Employers have highlighted Cranfield as the leading university outside of the US – and top 10 worldwide – for supply chain management graduate talent. An annual report from SCM World, the leading global community of senior supply chain professionals, surveyed hundreds of its executives from around the world. One of the questions posed was which universities they looked to first as a ‘marker of talent’ with the results showing how more than 500 employers viewed the graduate talent pool entering the workforce. The report, ‘The top 15 supply chain universities: a recruiter’s guide to future talent’, ranked Cranfield eighth worldwide and first among nonUS institutions. American business BGP alumni make national business finals Four companies founded by Business Growth Programme (BGP) alumni have been shortlisted for this year’s National Business Awards. Go Ape are finalists in The Customer Focus Award category; Sam Conniff and Michelle Clothier (Livity) and Fuad Mahamed (Ashley Community & Housing) are both finalists in The Social Enterprise of the Year category; and Debra Charles (Novacroft) is a finalist for The Smith & Williamson Entrepreneur of the Year. magazine Forbes highlighted the report which includes the views of Camilla Pierleoni, a current MSc in Logistics and Supply Chain Management student. Michael Bourlakis (pictured), Professor in Logistics and Supply Chain Management, said: “Our Logistics and Supply Chain Management programme is one of the leading programmes in the world and develops the next generation of managers and leaders. We take a practical approach to our learning and teaching, and we have closer ties than other universities to industry where a lot of innovation is happening.” The list, announced at a networking event in London, focused on those at executive levels within established companies and founders in startups. It was chosen by a panel of seven judges from different sectors in the tech world. Shai is co-founder and director of AcceleratorIndia which helps fast-track business expansion of technology companies in the Indian and European markets. He is chairman of KisanHub, an agritech company, and also mentors an agritech company in Hungary focused on microclimate data and decision support to vineyards. Nicky was driving force for Luluk’s award success A Cranfield student has won the CILT MSc Logistics Dissertation of the Year Award 2015. Luluk Lusiantoro is now a full-time PhD (201418) research student having studied for a full-time MSc in Logistics and Supply Chain Management within the School in 2013-14. The CILT (Chartered Institute of Logistics and Transport) has awarded Luluk the prize for his thesis entitled ‘Identifying the ideal blood stock level: a statistical analysis of the blood supply chain in the UK’. This work was supported by the NHSBT (National Health Service Blood and Transplant). Luluk said: “I’m very happy with this achievement which motivates me even more to pursue my career as a researcher in the area of logistics and supply chain. Special thanks go to my supervisor, Dr Nicky Yates, who was very patient in giving me comments, direction and support.” Nicky added: “This is fantastic news, both as real validation for Luluk as he begins his academic career and also for the course and the department as a mark of the calibre of students that we’re producing and the quality of our research.” Stantonbury claim the Milton Keynes spoils A team from Stantonbury Campus was victorious in the Milton Keynes grand final of the Cranfield Business Challenge for schools. taste of what it’s like to run a real business; we’re again very grateful to all of our mentors and sponsors who continue to make the event such a success.” The winners beat off stiff competition from five other teams of sixth formers to succeed in the final. They were presented with their shield by Professor Joe Nellis with each team member also receiving £100 worth of Amazon vouchers. Mike Adamson from Metro Bank mentored the winning team, while Denbigh School in Milton Keynes was awarded the prize for the Best Marketing Campaign. Now in its 19th year, this is an annual business competition hosted by Cranfield for first year A-level students studying in and around Milton Keynes. Students are given the opportunity to visit Cranfield to apply their learning in a fun but competitive environment. Stantonbury and runners-up Walton High will now go headto-head with Mark Rutherford and Bedford Modern, the winners and runners-up of the Bedfordshire challenge final, in the Inter-County Challenge this autumn. One of the winning students, Jordan Smith, said: “It’s given me a focus and motivation to take an undergraduate degree in business management followed by an MBA in order to pursue a career in corporate strategy.” Event organiser Karen Valverde, Business Simulations Director in CCED, added: “The competition gives students a The School’s Deputy Director, Professor Joe Nellis (far right), with the winning team from Stantonbury Campus and their mentor, Mike Adamson from Metro Bank (second right). Papers, publications, conferences, awards Print Wall Street Journal – 29 June Professor Michael Bourlakis comments on Greece and says a prolonged crisis could result in a shift away from products currently exported from the country. The Sunday Times – 12 July Dr Richard Kwiatkowski comments on the role of Chief Operating Officers (COO) – the ‘Dirty Harrys of business’ – who are the enforcers who make sure the goals are met for the good of the business. Radio Times – 12 July Two Cranfield MBA alumni debut as Dragons in the Den - serial entrepreneur and personal finance expert Sarah Willingham (MBA 2003) and Nick Jenkins (MBA 1999), founder of the online greetings card website Moonpig.com Director – July/August The Female FTSE Board Report is referenced with women still holding only 8.6 per cent of executive directorships. Report co-author Professor Susan Vinnicombe OBE is also quoted. Television BBC Radio 4 and BBC Radio Five Live Breakfast – 17 June National Numeracy’s CEO and Cranfield alumnus Mike Ellicock (MBA 2006) appeared on the Today programme and BBC Radio 5 Live’s Breakfast show to discuss claims by Camelot that recent changes are good news for potential winners. BBC Look East – 30 June Emeritus Professor Mike Sweeney was interviewed following the news that Vauxhall and its parent company General Motors have launched their OnStar in-car telecommunications system. ITV Central – 2 July Professor Joe Nellis commented on the results of a survey carried out by FedEx which looked at the contribution of small businesses to the UK’s balance of international trade. SRF – 5 July Dr Jutta Tobias featured in the documentary ‘The Mindful Revolution’ which was aired on the Swiss TV channel. Radio BBC Radio 2 – 2 July Professor Joe Nellis commented on the results of a survey carried out by FedEx which looked at the contribution of small businesses to the UK’s balance of international trade. BBC World Service – 3 July and 10 July Professor Sunil Poshakwale was interviewed about the Greek referendum and its economic implications for Europe and beyond, and then a week later about the new proposal presented by the Greek government to EU leaders and the economic implications for Greece and EU lenders. BBC Radio 5 Live – 8 July Dr John Glen took part in a special programme on the Phil Williams show which included reactions from MPs, business people and members of the public to the Budget. BBC Radio 2 – 9 July Dr John Glen was interviewed on the Simon Mayo Drivetime show about the taxi firm Uber doubling their prices during the Tube strike in London. Online Employee Benefits – July/August Professor Clare Kelliher provides a viewpoint on whether voluntary benefits can motivate employees. FT.com – 1 July Dr Tazeeb Rajwani, Director of the Government Affairs Research Club (GARC), provides his viewpoint in a special video series on ‘How to navigate political risk’. Ceylon Today – 15 July Dr Elisabeth Kelan comments on the fact that women remain notably scarce at the highest levels of business and the professions, in a reversal of the pattern at school and university. Details of all media mentions can be found at: http://www.som.cranfield.ac.uk/som/presscuttings Professor Sunil Poshakwale’s co-authored paper ‘What drives asymmetric dependence structure of asset return comovements?’ has been accepted for publication in the International Review of Financial Analysis. Dr Tazeeb Rajwani and Visiting Fellow Dr Kenneth Amaeshi’s blog ‘Overcoming corruption in emerging markets’ was published in the Stanford Social Innovation Review, based on their recent paper published in the (FT ranked) Journal of Business Ethics. Taz’s co-authored paper with Tahiru Liedong (PhD) ‘The contingent value of managerial political ties in private debt financing: evidence from Ghana’ is a finalist for the Academy of Management (AOM), Social Issues in Management Division’s Best Student Paper Award. The winner will be announced at the AOM annual meeting in Vancouver, Canada. Taz has also had a co-authored chapter entitled ‘Where next for non-market strategy?’ published in the Routledge Companion to Non-Market Strategy. Dr Emma Macdonald is quoted several times in an 11-page special report on how customer data and market research can work together in the Market Research Society’s July issue of IMPACT magazine. Professor Sunil Poshakwale presented papers at three international conferences – ’What is “good regulation”? The impact of leaving the EU on the UK financial services’ at the 5th International Conference of the Financial Engineering and Banking Society (FEBS) in Nantes, France; ‘The UK equity risk premium response to global monetary shock’ at the 13th INFINITI Conference on International Finance in Ljubljana, Slovenia; and ‘Gender diversity and firm performance: UK evidence’ at the 22nd Annual Conference of the Multinational Finance Society in Greece. Professor Michael Dickmann’s symposium proposal ‘Just another type of “country risk”: international business in hostile environments’ is one of the five finalists for the 2015 Emerald Best International Symposium Award. This had been accepted for the AOM annual meeting in Vancouver. The symposia proposals were evaluated by 10 international reviewers with the knowledge of the division domain areas. Professor David Grayson CBE’s co-authored book ‘Corporate responsibility coalitions: the past, present, and future of alliances for sustainable capitalism’ is a finalist for the Academy of Management, Social Issues in Management Division’s Book Award. The winner will be announced at the AOM annual meeting in Vancouver. Dr Jutta Tobias presented her ‘Mindfulness at Work’ research in the House of Commons to the All-Party Parliamentary Small Shops Group (APPSSG) inquiry ‘Everyday entrepreneurs; promoting jobs and investment in local communities’ on 14 July. Dr Stephanie Hussels and Dr Muhammad Azam Roomi presented a webinar for the Cranfield Executive Learning Network on ‘Release your organisation’s entrepreneurial potential’ on 22 July. Professor Paul Baines was a guest speaker ‘The 2015 General Election: Recollections, Recriminations and Repercussions’ at two events – for the Worshipful Company of Marketors at The London Capital Club; and also for The Chester Forum VI at MBNA / University of Chester. Rosina Watson (PhD) won the Thomas Hustad Best Student Paper Award at the 22nd Innovation and Product Development Management Conference (IPDM) in Copenhagen, Denmark, in June. The paper ‘Harnessing difference: a capabilitybased framework for engaging stakeholders in sustainability innovation’ was co-authored with Professor Hugh Wilson, Dr Palie Smart and Dr Emma Macdonald (Rosina is pictured with the award benefactor Thomas Hustad). Imran Zawwar (PhD) is running and speaking at two Institute of Business Administration (IBA) Karachi executive education masterclasses in Pakistan during August. The ‘Blue Ocean Strategy for Entrepreneurs and Family Businesses’ masterclasses are in Lahore and Karachi. Clive Landa (supervised by Dr Noeleen Doherty) has successfully defended his DBA thesis entitled ‘Middle managers’ role in organizational commitment and organizational citizenship behaviours’. Morgan Chambers (supervised by Dr Colin Pilbeam) has successfully defended her PhD thesis entitled ‘Dynamic inter-subsidiary relationships of competition and collaboration’. Debarpita Bardhan-Correia (supervised by Professor Clare Kelliher) has successfully defended her PhD thesis entitled ‘An examination of the relationship between frontline employees’ perceptions of people management practices and their prosocial service behaviours’. Cranfield VentureDay The annual one-day entrepreneurship conference and networking event, Cranfield VentureDay, is on Wednesday 16 September. Speakers include Nigel Kershaw OBE, Executive Chair of The Big Issue Group, and Glenn Collinson, recent recipient of the Cranfield Entrepreneur Alumnus of the Year award. Other speakers are James Burstall (Argonon), Jonathan Moules (the FT), Nigel Walker (Innovate UK), Michael Hayman and Nick Giles (Seven Hills), and Alastair Lukies CBE, Jon Thornes MBE and Ken McCracken (Withers). Cranfield VentureDay, now in its eighth year, has grown to become one of the country’s leading events for entrepreneurs and investors. Nigel, Glenn and the other successful entrepreneurs will share with delegates their journey to success, with the opportunity to network with the speakers. For more details or to book a place, please visit www.ventureday.co.uk or contact Wendy Lewis, E: wendy.lewis@cranfield.ac.uk or T: (01234) 758104. Welcome to… We are the champions - our Regatta success Dr Anne-Laure Humbert – Senior Research Fellow (pictured) Karen Hetherington – Client Co-ordinator The 24th annual Cranfield MBA Regatta produced a memorable result as one of our six crews claimed victory. Farewell to… Dawn Clark – Programme Administrator, Grad Admin Kerry Drury – Business Development Manager Liz Conibere – International Development Administrator Rebecca Piper – Research Marketing Executive Dianne Roden – Executive Administrator New appointment… Professor Michael Dickmann has been appointed as Course Director for the MSc in Management (MiM). Wedding bells… Congratulations to Alison Cain (PA, Strategy, People and Leadership Community) who married Steve Collins on 4 July at the Park Inn, Bedford. Congratulations… Onno Romijn (CCED) and wife Natalia are the proud parents of Luz – pronounced like ‘Ruth’ but with ‘L’ instead of ‘R’ – who was born on 3 June, weighing 6lbs 8ozs. and Tom Ouvry. The boats participated in five races during the two days, with four of the results counting towards their final score. The successful Cranfield (blue) out in front in one of the races. weekend was organised by a three-strong committee of Kilian, Steve Harper and Henry Baker with support from Cranfield staff. The winning Cranfield crew. Organised by Cranfield’s MBA students, this is the longest-running business school regatta in Europe. More than 150 MBA and MSc students and alumni from 10 leading business schools were on the Solent, located off the South Coast, for the two-day sailing extravaganza in July. With 18 matched 40-foot yachts competing, a Cranfield crew edged out Moscow School of Management SKOLKOVO into second and INSEAD into third spot. The winning Cranfield crew comprised four current MBA students – Kilian Gilbert, Gary Thomas, Ghalume Obi and Vladimir Pryakhin – and two MSc in Finance and Management students, Aris Ziogas and Kuda Kamushinda. Each crew was accompanied by experienced certified racing skippers with the Cranfield winners assisted by Sunsail’s Mason King Jubilant team captain Kilian said: “We were leading by two points at the end of the first day’s racing and then tied with SKOLKOVO after the fourth race. Fortunately the windy conditions favoured us in the fifth and final race and we just edged out the Russian crew. After a tough weekend of racing, we’re all thrilled to get the Cranfield name on the trophy and look forward to defending the title next year.” Steve, head of the organising committee, added: “It was an Team captain Kilian Gilbert enjoys a bite to eat! excellent weekend and a fantastic networking opportunity, especially at the dinner on the Saturday night, with so many students and alumni coming from all over the world.” MBAs on the loose in Bedfordshire’s post offices! MBA students taking part in the ‘Identifying Hidden Needs’ module, led by Professor Keith Goffin, were given the opportunity to work on two strategic innovation consulting projects. These were on behalf of the Post Office and Coillte, Ireland’s statesponsored forestry business. On the first day, Coillte senior managers including Ciaran Black, Group Innovation Director, delivered the project scope and students set to work analysing customer insights generated from ethnographic (study of people and cultures) videos. Copious volumes of interview data and coding were condensed by the MBAs overnight into succinct findings and strategic recommendations for presentation to the client. The perspectives put forward by the three different groups were extremely well received and provided much food for thought for the Irish visitors – it is hoped that this long-standing relationship continues to deliver benefits for both client and students in future years. Continuing with the module, the MBAs put their new-found ethnographic skills into practice in a live business environment as the three teams descended on Luton, Milton Keynes and Leighton Buzzard post offices. Interviews were conducted with some particularly helpful users of self-service kiosks, who demonstrated their technical prowess (or not!) and relayed their experiences on camera for further analysis. The views of the public on these self-service kiosks were then heard in front of representatives from the Post Office, along with a number of suggestions for potential improvement from the three teams. The future of online business The MBA cohort attended a Digital Business Conference on 2 July which saw Cranfield’s own Dr Arnoud Franken as presenter with a guest appearance from Microsoft’s CEO (Chief Envisioning Officer!) Dave Coplin (both pictured). They were inspired by stories of the future of online business, where the move from ‘content’ to ‘context’ was a key theme – although many were left feeling that the rise of artificial intelligence could put an end to their career prospects! Forum is produced by the Media Relations Office and covers news and events from across the school. Contributions from staff and students are welcome. Please email stories, event news, ideas and photographs (with captions or full details) to forum@cranfield.ac.uk The deadline for the next issue is: Friday 25 September. Printed on paper from a sustainable source by Cranfield Design and Print This informal and light-hearted event, organised by Ope Obayemi, produced a number of interesting conversations over lunch. Annual DBA alumni BBQ Five alumni joined the 2013-17 DBA cohort and faculty at a barbecue on 29 June. Drs Gabriela Alvarez, Mark Baker, Michael McGrath, Peter Saxton and Alesia Slocum all returned to Cranfield for the 6th DBA Alumni Reunion. The 2013-17 DBA Cohort Leader, Dr Soroosh (Sam) Saghiri, was also there along with the Pro-Vice-Chancellor and Director of School, Professor Maury Peiperl; the DBA Director, Dr Emma Parry; the Director of Research, Dr David Denyer; and Student and Academic Manager, Research, Alison Wilkerson.