First Bank of Nigeria Chooses eCornell for Leadership Development

Senior leaders and heads of banking undergo leadership assessment to receive targeted, needs-based leadership development

First Bank of Nigeria, PLC, the country’s largest financial services institution, has chosen eCornell to deliver online leadership learning to 140 senior leaders and heads of banking across Africa. This online initiative will be administered through the Leadership School, one of the four multilevel schools at the bank’s corporate university, FirstAcademy.

The flagship for the structured Leadership Development Program is the eCornell course Unlocking Your Leadership Potential, authored by faculty at Cornell University’s Samuel Curtis Johnson Graduate School of Management. This will provide FirstBank leaders with a range of self-assessment tools (including an online 360-degree evaluation) to identify managerial strengths and weaknesses and to create personalized development plans and build critical leadership competencies.

“We are truly excited about the partnership with eCornell,” said Ayodele Jaiyesimi, head of human capital management and development at FirstBank. “With the increasing complexities and fast-paced transformation that has characterized the sub-Saharan banking space, we see this as the right pedestal to build critical leadership competencies and position the FirstBank leader to champion ongoing transformational efforts, not only within the bank, but in the Industry as a whole.”

“It is a pleasure to welcome First Bank of Nigeria aboard,” said Tom Abogabal, vice president of global sales at eCornell. “eCornell’s global reach and the scalability of our programs enable us to serve organizations of all sizes and geographies. Following the 360-degree evaluation, we’ll be able to recommend learning programs tailored to the specific training needs of each individual FirstBank leader.”

The Unlocking Your Leadership Potential program will be run through multiple streams over a six-month period.

eCornell’s unique approach to elearning combines the most effective elements of a world-class, Ivy League classroom with the flexibility of an online learning environment. eCornell courses—self-paced and 100 percent online—are “instructor-facilitated” to help guide a cohort of 20 to 30 participants through challenging, real-world exercises with practical on-the-job application. Classes enable learners to be immersed in learning that also fosters collaboration, interaction, and networking.

About eCornell
eCornell, a wholly-owned subsidiary of Cornell University, provides many of the world’s leading organizations with online professional and executive development in the areas of leadership and management, human resources, financial management, healthcare, marketing and hospitality management. eCornell’s proven course development model and asynchronous instructor-led course delivery provide for engaging, rigorous and interactive learning. The company has delivered online courses to more than 50,000 students in more than 200 countries. For more information visit ecornell.cornell.edu/enterprise (enterprise buyers) or ecornell.cornell.edu (small groups and individual students).

About First Bank of Nigeria Plc.
First Bank of Nigeria, PLC, is the country’s largest and most successful financial services institution. In its 118-year history, the bank has sustained an unparalleled reputation for excellence in corporate governance and has emerged as the number-one bank brand in Nigeria. FirstBank also ranks among Africa’s largest and most prosperous financial services organizations. For more information, visit:  www.firstbanknigeria.com.

Developing Employee Talent with Programs from Globally Recognized Universities

As corporations continue to maintain leaner workforces—choosing to carry larger cash balances over expanding employment—there’s a renewed focus on selecting, retaining and developing talent internally. More attention is being paid to competencies that drive innovation, revenue growth and strategic agility so that companies can sustain growth with smaller payrolls. Despite this attention, many organizations are faced with diminished training resources.

Many globally recognized, highly selective universities are now turning to executive and online education as viable revenue growth channels. The focus is now on creating revenue streams that won’t require costly bricks-and-mortar expansion on campus. Many schools and universities are re-examining their relationships with corporate training and learning departments.

There are several reasons why a corporation might turn to a brand-name university as an educational partner.

Program Visibility

Many companies offer, maintain, and manage more training and education programs than some universities. Companies may offer thousands of courses to their employees—some developed in-house, others purchased from commercial training providers, and still more from nearby colleges.

A company may choose to raise the visibility of one or more programs, depending on specific company objectives . By co-branding with a nationally or globally recognized university, the program immediately draws more attention and gets more buy-in from participants and their sponsors.

Employee Retention and Engagement

While national unemployment rates remain high, there is increasing demand for results-driven leaders, innovators, creative professionals and technical experts. Now companies are re-doubling their efforts to engage and retain talent.

By investing in skill building and career development through a well known university program, the company sends a clear message to the employee: “You are a highly valued team member, and critical to our future success as a company”. In fact, many companies reserve these co-branded programs specifically for high-potential employees who hold the most promise for future performance.

By working with their university partner to offer a certificate or other valued credential, companies are finding new ways to recognize and reward people who invest in their career and contribute to company growth. Some companies are concerned about offering a portable credential that makes the employee more attractive to competitors, but most recognize that the benefits from an engaged and capable talent pool far outweigh any risk of attrition.

Specialized Skills and Research

Finally, employers can clarify the strategic direction of the company and the skills needed to get there through these types of educational partnerships. Working with globally recognized university faculty is important to employees and increases buy-in. When participants know that their training is based on research at top schools in their field or industry, they are more likely to be engaged with the program. Making that connection by aligning theory with everyday practice is when that transfer—that practical application of concepts—can really take place.

Creating Win-Win Partnerships

But such partnerships are not always win-win. Universities need to be flexible in how they deliver programs that meet the needs of these high-profile corporate training programs. There are several areas where universities need to meet emerging demand:

  • Competency-based learning: Organizations align training programs to targeted competency needs of employees, not necessarily traditional academic disciplines. This requires universities to tailor the curriculum, content, assessment tools, and even the program credential so that they align with a company’s specific need.
  • Flexible schedule: Forget semester-length schedules, or even summer-timed course when the faculty members are available. A company-sponsored program will most likely have requirements around start and end dates and different pacing requirements for the curriculum.
  • Customer-centric services: From program management to student support, companies will be looking for their university partner to treat them better than commercial training providers do. The promise of the university’s brand is expected to shine through services as well as content.
  • Volume-based pricing: Universities will be expected to demonstrate how a program can scale if/when demand grows.

The upshot for universities is that these requirements inform research and can create an applied learning loop where faculty members can package and deliver training that’s especially valuable to on-the-ground practitioners.

At the same time, universities who embrace these requirements can find new opportunities to strengthen their own brand while helping companies invest in their talent to position themselves as the most attractive employer in their industry.

Think it Through: Technical Considerations of Corporate Partnerships

University-corporate partnerships can offer higher education institutions many benefits, including exposure to new revenue channels, networking relationships with corporate partners, and continuing educational programming for professionals. However, before engaging in a corporate strategy, there are several technical considerations (and decisions) to evaluate.

Businesses tend to rely pretty heavily on data to drive business decisions. When a company sponsors training and development, they want assurance that their learning programs lead to measurable performance outcomes. To this end, universities should evaluate their data-sharing strategy for corporate partnerships.

Here are a few reasons why data sharing is mutually beneficial for both the university and corporate partner:

  • Aligns university-provided courses and content with company-defined competencies for individual employees
  • Improves visibility about aggregate outcomes from company-sponsored programs with an institution
  • Simplifies the user experience for employees by integrating (aka “federating”) university learning system logins and passwords with employer-based systems
  • Expedites enrollment and payment processing

Once you have determined the reasons for sharing data with your corporate partners, there are several technical questions you now need to ask, including:

  • What are the technical considerations and risks associated with data sharing? How can they be avoided?
  • What kinds of data should be shared and how should it be protected?
  • Should third-party system integration be considered?

Build Your University-Corporate Strategy

Prior to the late nineties, many university-corporate partnerships were relatively simple, from a technology perspective. In a typical relationship, a corporate student would enroll and attend an on-campus program, and upon successful completion, the institution would issue a credential to the student and provide a transcript back to the corporate partner to go in to their HR file. In some instances, the institution would tailor curricula specifically for corporate partners to meet organization-learning goals. From a technical perspective, this was still a very simple, analog transaction.

Move forward to today, the technical landscape in both the university and corporate learning environments are vastly different—and technically complex.

For example, let’s compare two complimentary systems implemented in most higher and corporate education environments today:

Example 1: Information Management Systems

  • Higher Ed: Most institutions have implemented Student Information Systems (SIS) such as DestinyOne to manage student data across the institution.
  • Corporate: Most organizations have implemented similar Enterprise Resource Planning(ERP) systems such as SAP or Oracle to manage data across the organization, typically including learning and HR data for employees.

Although these systems are similar in function, they serve different organizational needs.

Example 2: Course Management and Delivery Systems

  • Higher Ed: Most institutions have now implemented Course Management Systems (CMS)such as BlackboardMoodle or Canvas that allow schools to augment and flip traditional classroom learning, providing an option for institutions to develop and deliver online distance learning courses.
  • Corporate: Similarly, the majority of corporate organizations have implementedLearning Management Systems (LMS) that allow corporations to administer, track, report and deliver online education courses or training programs—developed both internally and externally.

Much like SIS’ and ERPs, these systems perform similar functions. However, they also serve different organizational needs.  

Bridging the Data Divide

As shown in the above examples, most universities and corporations have implemented systems to manage data and learning within their respective environments. So, it should be easy to share data between these two environments, right? Well, not exactly.

Many of these systems share technical standards intended for interoperability and sharing of data across systems (e.g. single sign-on, encryption, API, etc). However, many are not designed to seamlessly bridge the university-corporate divide out-of-the-box.

Every institution and technical environment is unique, and there is no single, correct strategy. Therefore, it’s important for each institution to carefully weigh its university-corporate objectives against its mission, technical infrastructure and resources.

Although there are many factors to consider, the following represent some of the most common technical areas that universities should evaluate before launching their corporate strategy:

Course Delivery

How you intend to deliver your programs to corporate partners can greatly impact the technical factors your institution must consider.  Will you offer Classroom, Online and/or Blended?  Depending upon your approach, consider some of the following questions:

A. Classroom:

  • Can corporate partners batch enroll students?
  • Will partners receive completion data? What formats?

B. Online:

  • Can corporate partners automatically enroll students?
  • How will students access your online system?
  • How will learning data be shared? What methods and formats?

C. Blended (Classroom and Online).

  • Will a blended approach offer consistency for classroom and online?

Student Information

Assuming student data needs to be shared between university-corporate systems, what information is commonly shared/desired by corporate partners? What common data fields and formats?

Which information and just how much of it should be considered carefully when sharing with a partner system. Here are some common data elements shared with partner organizations:

  • Enrollment and payment processing
  • Basic student profile information
  • Registration information
  • Assignment and course completion information
  • Attendance and basic transactional activity

Although this information is typical, corporate partners are becoming more accustomed to having analytics, interactive reports and behavioral/social data (student to student, student to instructor) available for reporting or data analysis. Therefore, institutions need to carefully evaluate the data they are willing and able to share with corporate partners, while considering future data requirements.

When sharing data between a higher education institution and a corporation, it is important to determine and define accountability.

Third-party Integration

Many institutions and corporate organization maintain various third-party systems that relate to employee learning.

For example, consider some of the following third-party integrations:

Human Capital Management.Many corporate organizations have implemented Human Resource Management (HRMS) and Human Capitol Management (HCM) systems such as Workday or SuccessFactors to manage employees, including the mapping of learning outcomes to career advancement, competencies, and rewards.

Enterprise Social Networks. With the advent of consumer social networks such as Facebook and Twitter, many organizations have implemented Enterprise Social Networks such as Yammer or Chatter that allow coworkers to follow each other and share updates, including learning achievements.

Industry Certifications. Many industries have developed their own set of recognized learning credentials such as the Project Management Institute (PMI) or Society for Human Resource Management (SHRM) that allow institutions to map their outcomes to core certification requirements.

Is Human Capital Management important to your core corporate prospects? Do your programs align to industry-specific certifications or competencies to provide additional value to corporate partners? Is social networking important to your prospects?

Depending upon your overall university-corporate strategy and prospective partners, your institution may want to consider integration with other third-party systems.

Authentication

Whether your institution decides to offer programs via classroom or online, most of your corporate partners will want to either send and/or receive data from your systems, such as single sign-on for online students, automatic enrollment, student results, etc. Therefore, to do this in a secure (and compliant) manner, you’ll need to determine the authentication methods you will offer to your corporate partners.

If you plan to offer online delivery, most organizations (like yours) want to avoid employees maintaining separate usernames and passwords for various systems. To solve this, most organizations use single sign-on to seamlessly log users into internal and third-party systems. This can also be used for non-human interaction with systems, where one application talks with another to share data.

Everyone does not use the same authentication methods. However, there are several authentication protocols (aka “federated authentication”) that allow organizations to authenticate with each other across the web, such as CASADFS, and Crowd. If you’re just getting started, there are also cloud-based “identity” providers to consider, such as PingIdentity and Okta that strive to make these interactions easier.

Data Security and Privacy

What are the security, personal identification and privacy issues that need to be considered in a university-corporate partnership? Security is one of the most important and overlooked areas surrounding integration between systems and organizations. And, as a result of serious data breaches over the past decade, there are now several information security regulations that require it, including:

Your first reaction might be; why do we need to be concerned with non-education specific security regulations such as PCI or HIPAA? Well, if you are accepting payments (e.g. PCI) and sharing data with corporate partners (e.g. SOX), they are responsible for maintaining compliance with all information and data systems.

No two information security policies look alike, and chances are one or both parties will have to compromise on one issue or another. Depending on the nature of the relationship, accountability is one of the most important issues to consider. Defining accountability will determine who is ultimately responsible for data loss, breach or other failure due to software or system vulnerability.

Therefore, it’s important for your institution to perform a risk analysis of the integration point(s) you’re considering sharing with your corporate partners, so that both parties are fully aware of their security requirements and shared responsibility.

Every institution and working environment is unique. There are myriad technical considerations and few easy solutions when working with corporate partners.

So it’s important that you carefully evaluate your overall strategy, resources, and systems to determine what’s best for both university and corporate partners.

Corporate partnerships can be fruitful and bring about huge beneficial change. But institutions need to weigh their ability and understand very clearly their capacity to meet the technical needs/requirements of the corporate environment.

 

5 Tips on How to Look [And Act] Like a Leader

You have the education, the skills, the experience, the courage and insight to lead. But leadership is about many things, and a big part of what makes a leader is appearance. It might sound superficial, but leadership is an intellectual pursuit that is as superficial as it is profound. As you know from working in hospitality, appearances make all the difference. Here are some tips on how to not only look more like a leader, but to become one as well.

1. Update your resume. That’s right, even if you aren’t looking for a new job right now, write your resume for the job you want to have. Review the last few months/years and assess which projects and responsibilities are illustrative of your talents and skills. Get your successes out there and consider what your “wins” indicate about your leadership ability. Think about your transferable skills and frame them in the way they bring the most value to an employer, whether or not you’re on a job search.

2. Evaluate your look. Everyone should take some time to review their clothing and consider what their wardrobe says about them. Review your clothing and make sure it fits, clip any stray threads, mend any tears and get items cleaned so they are wrinkle-free. For those who work in non-traditional environments, “casual” most certainly does not mean “sloppy”. Establish an expectation of professionalism in everything you do. It begins with your clothing.

3. Be polite. Who is likely to get your help, the person in another department who smiles and says “Hi” when they see you, or the person who looks down when you pass in the hall?  As you move into leadership territory, people will remember you for your kind words or genuine thanks as much as your accomplishments. Charisma is everything.

4. Be present. When in a meeting, are you the person poring over your smartphone? Or playing Words with Friends?  If you want to be taken seriously as a leader, you must engage the task at hand and not appear distracted. An unstructured, low-stakes meeting can be a waste of time, but the outcome can only be as strong as your desire to make a meaningful contribution.

5. Engage. Be curious about your colleagues jobs and work issues. Ask people about their projects and roadblocks. Broadening your perspective on your business and the people in it will help you be a better leader and teammate. Ask questions, then ask more questions.

Polish your image, take stock and make a genuine effort to get to know your peers. Leadership is about engagement and consideration, the soft skills. People want to work with others who have found the right balance of authority and great attitude. Be that leader!

Building a Global Talent Management Strategy

If you missed the eCornell webinar titled Building a Global Talent Management Strategy and would like to view it, or would like to share with colleagues, the archive is available at ecornell.cornell.edu/mar14archive. The presentation slides are at ecornell.cornell.edu/mar14ppt.

In today’s marketplace, going global is more necessity than luxury, as businesses regularly find customers, suppliers and partners from all over the map. That broader focus for business requires a global talent management strategy to properly support a global initiative.

We’ll show you what a global talent management strategy consists of, how to build one that delivers measurable business outcomes and how to deploy to a diverse global workforce. During this interactive webinar, Heidi Spirgi, co-founder and president of Knowledge Infusion, will walk you through the process and steps organizations need to go through to build and deploy a global talent management strategy:

  • How to tie your talent management strategy to business initiatives.
  • The importance of developing a long-term talent management strategy to have better business results.
  • How a successful talent management strategy is one designed for the workforce, not the HR department.
  • Why HR departments cannot focus on “go live” when deploying talent management solutions, but rather must focus on user adoption and outputs, ensuring the new system is driving outcomes aligned with the business, not HR goals.

 

 

Techies, Talent Management and the Soft Skills of Leadership

Cornell Professor Sam Bacharach is a faculty author for numerous eCornell courses, including Change Leadership, Managing for Execution and High Performance Leadership. In this post from the Bacharach Blog, Leadership for Entrepreneurial Techies, Prof. Bacharach discusses how to develop high-potential technical types:

Here’s a myth that is widely believed in organizations:  The detail-focused, bottom-line driven entrepreneurial techies are repelled by anything that smacks of leadership training.  There is a feeling throughout organizations that the techies are put off by the tender underbelly of organizational life and that “managing people” really isn’t their strong suit.

But, it is time for this myth to be confronted and debunked.  The reality is quite different.

For the last number of years, I’ve been training high potentials in the technology industry in leadership. Not too long ago, I had the privilege of walking into a room of 26 such individuals.  Each ran their own business; each had a keen awareness of their technologies, market, and products; each is highly successful in their core business; each is a survivor of a competitive, rapidly moving environment; and each is defined by their superiors as a “high potential.”  But by nearly every other conventional standard, they have already fulfilled an impressive degree of potentiality.  They have already proved their leadership capacity.

My challenge was to speak to them about leadership.  What words of wisdom could I offer such an impressive group?  I couldn’t pretend I was an expert in their business, or knowledgeable about technology.  What I could do was to bring out the specific micro-skills—the little things that they do every day—and put them in a leadership frame.  I wanted to make them as comfortable with the notion of mobilizing and moving others as they are with their own technical expertise.  The men and women in that room were established leaders in product innovation and market penetration—but they are moving up the corporate ladder and further away from their technological home.  With greater responsibility, they will be challenged with mobilizing groups, keeping teams together, negotiating over ideas, and enhancing and engaging others.  These things are easier to do in a unit that shares a similar expertise, goals, and vision. These things are harder to do when trying to marshal support from more people—from different units, with different priorities, and different visions.

The old myth is that technological entrepreneurs have a lack of awareness of how to practice the “soft skills of leadership.”  What I’ve learned over the last number of years is that high potentials who come from technology and are experts in the core business function are the first to understand that moving up in the organization requires them to supplement their leadership skills with the micro-skills necessary to move one’s agenda forward.  The challenge of any program for high potentials directed at internal, technical, business entrepreneurs, is to bring Leadership down from the mountaintop into the reality of every day leadership—that is, with leadership a small “l.”

 

The Skills Gap Quandary Cont’d

U.S. unemployment is at 8.2%, yet 52% of U.S. companies report difficulty filling jobs.* I know, it’s hard to reconcile those numbers.

Given that, it’s even harder to account for this: Only 28% of U.S. companies are increasing training and development this year. Why are companies not conducting training in-house? Why the apparent aversion to promote from within? Too costly, too few available resources? It seems those 52% of companies are hoping that the dream job candidate is the next one to walk through that door. That’s unlikely, so what to do?

The WSJ says bring back apprenticeship, educate and promote from within.

CLO Magazine seconds that and explains the U.S.’s problem:

European countries aren’t having skill-shortage complaints at the same level as in the U.S., and the nations that have the most established apprenticeship programs—the Scandinavian nations, Germany and Switzerland—have low unemployment.

Fast Company says “stop whining”:

With technology and industries shifting so quickly, our economy’s open positions aren’t necessarily a perfect fit for our unemployed workers. Rather than simply wishing that mismatch away, businesses need to embrace training to reduce it.

And by leveraging new training technologies, employers have new opportunities to make training more effective and cost-efficient than ever before.

It’s time organizations stop dreaming of perfect employees and start growing them.

*source: Manpower Group

Driving Innovation, Agility and High Performance

Want to know how Best Buy Canada and Reuters transformed their learning culture to became industry leaders in training and development?

Join Speakers Marjorie Van Roon, Best Buy Canada; Amy Thomson, Reuters and Joe DiDonato, Elearning! Media Group as they teach you how to develop a top-tier learning environment at your organization.

In this session, Joe DiDonato, editor at Elearning! Media Group, will share attributes of the best in class learning & development organizations. Discover how collaboration, innovation and learning culture all drive performance.

Join us on Thu, Dec 1, 2011 1:00 PM – 2:15 PM EST for a free webinar. Register here.