
This article is sponsored by IMD Business School.
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Considered one of the more important aspects of an MBA program, the subject of leadership training is a world unto itself. Martha Maznevski, MBA program director at IMD Business School helps us understand the nuances of this very popular subject.
What does leadership encompass?
There are basically two aspects of influence in leadership – one is the formal side and the other is the informal side.
While formal leadership comes from the authority of being in charge and having a position, in the real world formal authority can only get you so far because it doesn’t inspire commitment. Instead, it involves transactions, coercion and cooptation. People will go along so long as they believe in your formal authority and they can see some immediate benefit with incentives for themselves.
However, informal authority is much more important in leadership. The focus is on the interpersonal side of things. People follow you because they believe in you and because it helps them find intrinsic value. This side of leadership training is much more difficult to learn; MBA students can learn it through experience, feedback and coaching, but even with these tools, it’s difficult to learn it quickly.
How can leadership skills be taught in an MBA program?
At IMD Business School, for example, we have integrated leadership training throughout the MBA program. This means that students get a lot of very practical experiences relating to both formal and informal leadership skills.
In addition to this, they get a lot of feedback – from coaches, psychologists and peers, as well as from the whole MBA team. They can then put that feedback in place right away so as to try and create something different tomorrow.

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