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The London Business School is a prestigious institution with a worldwide reputation to uphold. Many of the most influential individuals working in the field of Human Resources teach at the LBS, including such luminaries as Rob Goffee, Gary Hamel, and Lynda Gratton. But the interest in high-quality, educated, and informed HR management does not end in the classroom. The London Business School has a staff of over five hundred employees beyond the faculty, including their own HR department. The director of the non-academic HR department, Philip Willatt, does his best to practice in the employee arena what they preach in the classroom. In his decade of experience in this position Willatt has used the LBS as a laboratory and showcase for the values the school espouses, bringing the words of the teaching staff to life in his department. As Willatt says in a recent interview with HR Magazine, ?We want to involve as many stakeholders as possible in shaping who we want to be.?
The London Business School is well known as one of the most effective management training schools in the world. The LBS takes its core values and vision very seriously. They give their strong beliefs and emphasis on global awareness and integrity full credit for their success. The proof is in their amazing graduation and employment rates. 93% of the graduates who received MBAs in 2011 got a job within three months of matriculation. This is an astonishingly high percentage, especially in the context of the current market for MBAs.
The mission and values of LBS are clearly articulated by Willatt and his staff, and are easily comprehended by any student or visitor. These values were not decided in a vacuum. Over two years were spent painstakingly working out the exact wording and presentation. Consensus was essential because it was important that all employees understand and agree with these core beliefs. They must be carried out at every level of the LBS enterprise, even those traditionally overlooked by HR staff. Willatt points out, ?Values are important here, because they go into procurement functions, including catering, cleaning and printing.?
The LBS has always been known for big ideas and important announcements. According to a recent Management Today article, in 2011 Gary Hamel, a professor from America visiting to teach entrepreneurship and strategy, made international business news when he declared that the greatest invention of the 20th century was management, but that fundamental flaws in the application of this knowledge was leading to a crisis in capitalism and therefore ?the era of the imperial CEO will come to an end.? This is the sort of cutting-edge reasoning for which the LBS is so well known.
Hand-On Learning Laboratory
The London Business School is a place of learning, but it is not a training college or public university. It is a charitable not-for-profit business entity. This has given Willatt and his staff the freedom they need to truly put the ideas of the LBS Human Resources school into practice. It is invaluable for the students and professors to see the results of their education up close and at once. There is no substitute for hands-on experience, as Willatt knows. He understands and fulfills the first purpose of business college by using every resource of the school to further the education of the attendees.
Source: http://www.businessschooljournal.com/the-london-business-school-practices-what-it-preaches/
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