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Real-Life Lessons
At Quinnipiac business program, learning travels both ways
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Business New Haven
8/6/2001
By: BNH
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A new business-leadership program designed by professors at the Quinnipiac University School of Business may impact the corporate structure of the Shelton-based Transcentive Inc.
Fifteen Transcentive employees spent a week on the QU campus, examining their company's strengths and weaknesses as well as those of its employees. Middle managers and directors participated in workshops on team-building, analyzing business models, overseeing projects and effectively managing managers.
The Transcentive group worked with a team of five QU business professors. In turn, the Transcentive managers “armed instructors with information they will share with their students,” explains Matthew O'Connor, an assistant professor of finance at QU.
“When we interact with managers and directors in this very intensive leadership-institute setting, we learn, as professors, a lot that we can bring back to our undergraduate and MBA classes,” says O'Connor. “As faculty, you can't help but learn from your audience as well.” O'Connor helped to model the professional-development program.
O'Connor said one of the most stimulating workshops was on the use of “balanced scorecards,” which measure not only a company's finances but also non-financial performance measures. This tool also links performance measures to a company's overall strategy.
“It's a visual representation of how to present ideas and the causes and effects, to give you a bigger picture,” explains Jennifer Magri, senior manager of support services in Transcentive's Shelton office. “That helps you to present the ideas to other people in the organization to get them really to understand why you want to do it, how it's going to work and what benefit will result.”
With offices in Connecticut and California, Transcentive provides B2B solutions for employee stock option and stock-purchase plan management.
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