Many questions can form as we observe how corporations are led and managed in today’s business world. How do we become ethical, transformational leaders and leave a positive legacy? What role does planning and strategy play in sustaining and advancing an organization? In this issue of the Baylor Business Review, we explore management, leadership and business strategy in the 21st century.
A valuable role model for 21st century business leaders demonstrated his strategic prowess 100 years ago, after a series of tactical errors left him and 27 of his direct reports stranded on an ice floe near Antarctica. Once the British explorer Ernest Shackleton’s ship The Endurance was swallowed by sea ice, he quickly revamped the expedition’s mission and strategy, kept his people focused on their mission in an extremely volatile environment, maintained a sense of purpose throughout ranks despite brutal conditions and constantly improvised. His leadership ultimately (after nearly five months) enabled him to get all of his men home safely.
1983 marked the introduction of the first mobile phones to the public, the release of the Apple Lisa personal computer, and the debut of “Star Wars Episode VI: Return of the Jedi.” Ronald Reagan was president, and Michael Jackson’s “Thriller” was the best-selling album. The year also marked the launch of the Baylor Business Review (BBR) as the flagship communication of Baylor University’s Hankamer School of Business, and we are proud to celebrate 30 years of the magazine this year!
The Hankamer School of Business strives to produce graduates who will become ethical leaders with integrity. We caught up with several alumni to gain insight about leadership and management within corporations and start-ups. Their stories revealed that dedication and character, combined with experience, have shaped them in to business leaders making an impact in their respective industries.
Juniper Networks, the networking giant, doesn’t have it easy. Located in the heart of Silicon Valley, they’re locked in a ferocious battle for talent against big-brand neighbors like Google, Facebook and Apple. That’s why, says Juniper executive vice president of human resources Steven Rice, they have to offer something different.
At age 14, Aaron Fitzgerald began looking for ways to earn money. He started doing odd jobs for neighbors and family friends. Less than five years later, he had 15 employees and more than 500 clients. And he had yet to graduate from high school. So when the senior Finance and Entrepreneurship major from Conifer, Colo., heard about Baylor’s Accelerated Ventures program, it seemed like a natural fit.
Leadership is not a choice—it’s a calling. To truly lead, we have to serve. My father taught me that true leadership “gives away credit and takes blame.” This is no fun. I had always thought leadership was power, control and prestige. Plus, it looked really cool to be a leader. Experience has proved me wrong. Dad was right—imagine that!
Strategic planning is an ongoing process for the university and business school. Baylor 2012 was the most recent university-wide blueprint. Now that the year 2012 has come and gone, Pro Futuris is Baylor’s new 10-year plan. Pro Futuris focuses on five main areas: Transformational Education, Compelling Scholarship, Informed Engagement, Committed Constituents and Judicious Stewardship. Work on revising the business school’s document began in 2010 to coincide with the university-wide planning process.
It’s one thing to study world news and read about doing business in a global economy. It’s another one entirely to pack your bags and travel to the places you’ve read about. A semester-long course in Baylor’s Executive MBA program has students doing exactly that.
Rock crushes scissors. Paper covers rock. Scissors cut paper. Playing the rock-paper-scissors game to settle a conflict is almost universal. In fact, rock-paper-scissors (RPS) fans say that they can “get on a bus in just about every city in the world and play (rock-paper-scissors) for the last remaining seat without speaking a word.”
Print a copy of the Baylor Business Review spring 2013 crossword puzzle. Read the BBR magazine articles for answers to the crossword puzzle clues!
Catch up on the latest news from alumni of Baylor University’s Hankamer School of Business.