News SCHOOL NEWS REPORTS & RESEARCH Business leaders must become leaders in society Report predicts major growth in IT outsourcing IT outsourcing is set for major growth according to a new report by Professor Joe Peppard of Cranfield. The report suggests that there is a pent up demand in the market place for technology which will cause organisations to increasingly look to trusted outsourcing partners. Professor Peppard commented: “Computer hardware, software and telecommunications are building blocks of the modern ‘smart’ economy, as basic as Lord Hastings of Scarisbrick CBE “Now is the time for leaders in business to become leaders in society, they must lead the transformation.” That was the message from acclaimed CSR expert Lord Hastings of Scarisbrick CBE, who was the guest speaker at the latest Cranfield distinguished speaker evening. DRA removal is a wake-up call for employers Lord Hastings gave an inspiring lecture to a packed room of alumni and current students. In his lecture entitled ‘Getting a head for business; keeping a heart throbbing for the poor’, he talked about the need for business to drive the sustainability and prosperity revolution to guarantee that justice is done and freedom is embedded in every corner of the globe. Lord Hastings is Global Head of Citizenship & Diversity at KPMG. Prior to KPMG, he spent 12 years at the BBC where he became the BBC’s first head of Corporate Social Responsibility. He is also a board member of Comic Relief, Children in Need and the BBC World Service Trust. For the second year running, Cranfield is ranked the top UK business school for customised executive development. The School’s customised programmes are ranked 1st in the UK, 6th in Europe and 12th in the world. More specifically, Cranfield’s customised programmes are ranked 1st in the world for both 4 Management Focus | Autumn 2011 “For the second year running, Cranfield is ranked the top UK business school for customised executive development.” international participants and overseas programmes and 2nd in the world for partnerships with other international business schools. In the open programmes’ ranking, the School moved up to 27th in the world (from 28th last year) and now ranks 3rd in the UK and 11th in Europe. The School’s open programmes also ranked 4th in the world for the level of follow up, reflecting the high levels of support unique to Cranfield’s general management programmes. Dr Emma Parry commented: “The removal of the DRA is both a wake-up call and an opportunity for those employers whose performance management systems may not be robust enough to cope. Our research has shown that there are great benefits to be gained by those employers who are willing to make the necessary changes in terms of addressing skill shortages, retaining the knowledge and experience of older workers and meeting the needs of the markets and communities that they serve. It will allow employers to move to a system in which decisions about how long an individual works for an organisation are based purely on their capability, rather than on their age.” year that within four years a quarter of senior bosses should be women. Despite the jump, only 13.9% of FTSE 100 board places are held by women. The FTSE 250 figure is only 8.7%, up from 7.8%. The number of blue-chip companies without a single woman on their boards has fallen to 14, down from 21 in 2010. Women are under-represented on FTSE 100 boards The removal of the Default Retirement Age (DRA) is an opportunity for UK employers to consider how to manage their workforce more effectively according to a leading HR expert at Cranfield. First in the World for international delivery The recent Financial Times ranking of executive education providers brought good news for Cranfield School of Management. iron ore and coal were to the industrial era and represent about half of all business spending on equipment. During the downturn organisations axed headcount and turned to IT outsourcing. This allowed them to fill in the gaps without having to commit to long term fixed costs. As the global economy recovers, organisations will need to increase IT outsourcing in order to be able to respond quickly to market demands.” Women on boards The latest figures from Cranfield’s International Centre for Women Leaders have revealed Britain’s biggest companies have more than doubled the number of women they are appointing to boardroom jobs since Lord Davies, the government’s champion of female board representation, told businesses this Management Focus | Autumn 2011 5 News Pioneering centre to support procurement and supply profession The School has joined forces with the Chartered Institute of Purchasing & Supply (CIPS) to create the Centre for Strategic Procurement and Supply Management (CSPSM) at Cranfield. Adding to Cranfield’s existing portfolio of research centres, the CSPSM will be committed to improving the leadership of procurement and supply management across industries, delivering quality, research-led development and providing world class links between business and academia. Cranfield on iTunes U You can now download interviews with Cranfield faculty on the latest global management issues from the Cranfield iTunes U site. iTunes U is a section of the iTunes store specifically for the education sector. It provides a home and distribution system for digital content which can be easily downloaded. It is an innovative way to get educational content, research and opinion pieces out to a variety of audiences including students, alumni and faculty all over the world. Cranfield Management Research Institute (CMRI) Thought leaders in trustworthy business behaviour Professor David Grayson and Professor Andrew Kakabadse have been named in the Top 100 Thought Leaders for Trustworthy Business Behaviour. The list of the Top 100 Thought Leaders, produced by Trust Across America (TAA) and the Centre for Sustainability & Excellence (CSE), recognises individuals from the private sector, academia and non-profit entities who are making outstanding contributions in championing business, social and environmental change, in a transparent and justifiable way. BOOKS Prof Andrew Kakabadse and Prof David Grayson MIT Sloan Management Review Prof Simon Knox, Dr Stan Maklan, Prof Joe Peppard 6 Management Focus | Autumn 2011 Dr Stan Maklan, Professor Simon Knox and Professor Joe Peppard’s article on ‘Why CRM (Customer Relationship Marketing) fails and how to fix it’, has been published in the leading business journal the MIT Sloan Management Review (MIT SMR). The MIT SMR is recognised around the world for leading the conversation among thinkers, professors, and managers about the coming changes in management practice that will transform how people innovate and lead. In the article they explore how marketing investments can be managed for the greatest return. Bilderberg People Professor Andrew Kakabadse’s latest book Bilderberg People explores the hidden mechanisms of influence at work in the private world, and personal interactions, of the transnational power elite known as the Bilderberg Group. Andrew gained unprecedented access to thirteen of the Bilderberg members who agreed to give anonymous interviews. This exciting new book sheds light for the first time on the critical question of who runs the world, and why they run it the way they do. Explaining Cameron’s Coalition Dr Paul Baines has co-authored a book with Sir Robert Worcester, founder of the MORI polling and research organisation which provides an insightful analysis of the 2010 General Election. The book explores why Labour lost, why the Liberals failed to break through and why the Conservatives did not win. It provides a comprehensive study on how public opinion changed during the election. Management Focus | Autumn 2011 7