In an effort to address the gap in learning and development for Canadian executives, The Ivey Business School has launched The Ivey Academy. This latest restructuring extends its existing offerings to include strategic decision making, talent assessment and leadership coaching, as well as adding a number of new programs designed to address the skills gaps in specific sectors, from venture capital investing and healthcare to agribusiness and manufacturing.
The Ivey Academy’s acting dean Mark Vandenbosch claims the academy is the first full-service learning centre in Canada that encompasses academics with experiential learning methodologies. “All aspects of business development are now under one roof in response to changes in the executive education market.”
The current state of executive learning and development in Canada is much wider than in the past, driving a need for more education models, explains Mark Healy, executive director.
“In the old world, our offerings were like most executive offerings, combining custom and standard short programs. We still do that, but differently now. The focus is more on behavioural change versus knowledge transfer. We are putting the talent assessment up front and the executive education part on the back end.”
One of the new focused, industry-specific programs is the Canadian Private Capital Investment School, developed in partnership with the Canadian Venture Capital and Private Equity Association (CVCA) and with input from venture capital and private equity investors. Faculty director Gregory Phipps, who has spent 20 years in the VC sector, says the goal of the program is to develop and educate the next generation of VC professionals.
“The CPCIS is an essential extension of the Venture Capital Action Plan and Venture Capital Catalyst Initiative, both of which were designed to increase venture capacity and activity across Canada,” Phipps says. “But we believe this has not addressed the issue of succession in the ecosystem, and the development of emerging venture professionals. Currently there is no established Canadian program to train those entering the investment profession.”
It’s ludicrous to send people to the U.S. when we have a thriving VC community in CanadaGregory Phipps, CPCIS faculty director
Up to now VC professionals have had to go south of the border to be educated in U.S. best practices and security law, he adds. “It’s ludicrous to send people to the U.S. when we have a thriving VC community in Canada. If Canada wants to be a recognized leader in innovation and growth financing, we’ve got to focus our energies on ensuring a pool of capable, diverse and gender-balanced investment professionals who are ready to lead the sector.”
Another new entrant is Charting the Future of Primary Care, a course focused on leadership, teams and culture in the healthcare sector that is an adaptation of the program developed Harvard Medical School’s Center for Primary Care. “The role of doctors in terms of leaders has changed significantly,” Healy notes. “They have practices to run and have been trained to diagnose patients. Typically they are not trained as business people. Interdisciplinary change management and collaboration do not come naturally to them.”
Other additions include Women in Leadership, the Ivey First Time Manager Program, the Frontline Supervisor Program, the Sales Leadership Designation Program, How to Talk to People About Things for Business, and Storytelling with Data.