Preparing for the field

Abstract

Reviews the latest management developments across the globe and pinpoints practical implications from cutting‐edge research and case studies.Design/methodology/approach – This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings – Books and verbal instruction have traditionally played a central role within business education. But, as Malcolm Gladwell pointed out, theory without any practical application can only achieve so much. The bestselling US author is a strong advocate of learning through experience and various institutions are also beginning to appreciate the merits of this technique. New York University is among them. Its Stern School of Business specializes in social innovation and has successfully launched a program to place students with relevant companies in India to gain experience that would not be possible in a classroom environment. Labeled “International Social Impact Strategies” (ISIS), the program is part of a new experiential learning course offered by the institution. During the initiative, teams focused on different areas of social entrepreneurship. Through observation, interaction and close engagement with company leaders, students acquired valuable insight into how their partner organization operates. Practical implications – Provides strategic insights and practical thinking that have influenced some of the world's leading organizations. Social implications – Provides strategic insights and practical thinking that can have a broader social impact. Originality/value – The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to digest format.