CIMBA Newsletter
 
February 2013
Read ABC..
Given the opportunity to cheat more, individuals on average "limit their cheating apparently to an amount that allows them to maintain their self-perception as being an honest person"
                                   
Josie Wilde

MEET THE ALUMNI:  

Josie M. Wilde
MBA class 2006

        

Josie, introduce yourself..

I am from the United States and live in the windy and beautiful city of Chicago. Since graduating from CIMBA in 2006, I've worked both as an internal and external consultant in a number of service environments. I specialize in process improvement, strategy and transformational change. For the past four and a half years, I've worked for the largest customer owned health insurance carrier in the nation, Health Care Service Corporation. Additionally for the past several years, I've had the great opportunity to share my experience and expertise by teaching the MBA Six Sigma Green Belt course at CIMBA. I share this honor with Tunc Kip, a dear friend and fellow 2006 alumni of the program.


What are some of the important take-aways of your experience in the MBA program?

CIMBA provided a unique back drop and diverse setting that helped me to expand to a more international view of business, economics and politics. I can recall numerous conversations with international friends from various countries. Their impressive knowledge about American current affairs motivated me to expand my frame of reference internationally and enriched me personally and professionally.

 

Do you have a favorite moment in CIMBA?

There are so many to choose from! A few of them include:

* The fast paced, practical and intensive coverage of topics as well as the collaborative nature of the case studies and consulting projects - all of it was irreplaceable preparation for the "real world".

* We had a broad mix of personalities in our group; we shared many laughs and inside jokes during class.

* Outside of the classroom we made time for fun. One way was by hosting themed dinners to explore the cultures, food and wine from each other's homelands.

* Our Italian classmates generously shared their passion for their country (and their cars!) so that together we were able to explore the treasures of Italy.

* I built the foundation of what are now life long friendships that I love and value.

 

How has CIMBA impacted your life and career?

The exposure to the structural design of the curriculum made me realize that consulting was an area where I could really thrive. It fueled my passion for working with clients, facing critical business challenges and collaboratively designing impactful solutions.

 

Personally, my life is forever changed by the experiences I had and the relationships that were built during the program. I'll cherish them always.

 

Is there something you regret?

CIMBA was the best decision I made for myself...I have no regrets!

 

What would you say to a current or perspective student?

Enjoy every moment. Drink in the Italian culture and surrender to it! Learn as much as you possibly can academically and, most importantly, learn about yourself and others - build relationships.


Is there anything else you would like to add?

OH CIMBA!!! Exhausted and exhilarated, I would often spout this out loud. I'm sure my classmates can hear me now!


Alumni Updates

 

 Erin Reindl was in the MBA 1999 class and currently lives in Vienna, Austria with her twin 8 year old daughters! She works for JWT Advertising as the head of business development and marketing for CEE, and she is the Nestle Global Head of Information and Resource for the Global Team.

 

  

Hugh Williamson is a CIMBA

Alumni of

 

 

the UG

 

program. He is now working as an  insurance broker with BbandT located in Athens, Georgia while constantly traveling all around the United States!

 

 

 Jason Walton is a CIMBA UG Alumni from the Fall 2008 and LIFE class 2908, seat 2. He is currently working in Kansas City, Missouri with Chubb Group of Insurance Companies as a Surety Underwriter. He provides bonds and performance guarantees for the collection of construction customers.


New job? Moving somewhere new? Getting married? Other life changes? Want to volunteer your profile for the Meet the Alumni section?   

Keep your fellow alums in the loop! Send your news items to
 info@cimba.it and they will appear here the following month.

 

Quick Links 
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Calendar of Events:
February 2013
MBA PROGRAMS 
February 2, 3, 9, 10
Managerial Finance
Professor David Carter
Oklahoma State University

 

February 4 to 7

Six Sigma Training
Trainers: J.Wilde and T.Kip

  

February 20 

Managerial Finance Exam 1
 
February 23 and 24
International Economic
Environment of the Firm
Professor Gerald Lynch,
Purdue University


EXECUTIVE PROGRAMS 
  
February 22 and 23
Managerial Finance and Accounting
Professor Roger Chope,  
Portland State University

March 22,23 and 24
LIFE - English Edition To apply please contact executive@cimba.it  

Dear ,    

   

Another year has officially begun - we can hardly believe it! Time flies as we all know, especially when we look back and reflect on the last year.  We are excited for so many things going on in the CIMBA community...  New plans for leadership development, new undergraduate and graduate coaches, the MBA consulting projects now underway, and 125 students just starting their CIMBA study abroad journey.    

 

In this new issue, we have changed the format and look of the newsletter a bit and we would love to hear your feedback about our new look.

  

Be sure to check out the calendar and alumni updates so you can see what is happening in the lives of your fellow CIMBA friends!

 

As always, keep us posted on YOUR lives as well and follow us via facebook, linkedin, and twitter.  We appreciate your support in everything and we look forward to hearing from you.

 

Sincerely,

CIMBA Staff

 

 

Undergraduate Student, Usman, at the first Gourmet Dinner of 2013.  

Happy Valentine's Day!

CIMBA & Mindfulness

Frida Costa is the yoga instructor on the undergraduate campus who demonstrates a formal way of practicing mindfulness. 

She incorporates a lot of postures and exercises to help calm the mind and focus on the present moment. 


What is your favorite city to visit and why?
I would love to return to Los Angeles because of the huge Yoga community.  

 

Favorite book?  

One of my favorites is Shantaram.

One person you would love to meet?

Yoga Teacher Elena Brower.   
   
Favorite hobby?

Gardening and growing vegetables.

 

Best job you have ever had?

Cave diving guide in Mexico's Cenotes and I was a dolphin trainer ...so much fun.

 

In terms of yoga, have you always enjoyed it?

When I first practiced yoga many years ago, I walked away from the studio in the middle of the practice. I was hyperactive and always in a rush, and the yoga teacher was telling me to be calm and breath. I just could not do that! I could not slow down.

 

How did that change?

It was exactly what I needed the most. And that is the magic of yoga, that it challenges you where you need it. When you are practicing yoga, the postures you like the least are the ones you really need. I think yoga can help on a physical level as well as on a more deep and emotional level.

 

Favorite thing about yoga? 

What I really hope each time that I practice yoga with someone is that they have FUN and that they find out something about his or herself. I hope that they can reach deeper within and really see and accept more of who they are.

 

Yoga is not a work-out as much as it is a work-in!

Yoga Class, Fall 2012 CIMBA UG students 

  

Meet Ginny Wilson-Peters - MBA professor
 
Ginny Wilson-Peters is a professor from the University of Iowa.  She teaches personal and leadership development at home and for CIMBA while owning her own business, Integrity Integrated.

What is the best way to keep students engaged in this kind of subject if they are hesitant to participate?

I find it best to provide many opportunities for small group discussions where they can learn from one another.

 


Tell us more about your company back in Iowa.

Integrity Integrated is committed to creating authentic leaders, building dynamic leadership teams and connecting global leaders. I started the business 13 years ago based on my personal vision to work full time with people to strengthen their personal and organizational leadership skills.

www.integrityintegrated.com

 

How did you create and start this idea?

I went through my own personal leadership journey while I was president at a printing company in the Quad Cities. That journey was a wake-up call for me and also led me to a path where I discovered that my personal mission in life is to nurture and inspire others to reach for the stars. 

 

Any advice for current and future MBA students?

Know your personal purpose and stay committed to your vision. And remember to share your vision with other people close to me so they can also support you along your journey.

 

Tell us more about your 'word' (not resolution) of the year.

Two words actually. Purposeful Living. I am committed to doing work with individuals and companies this year that will truly encourage people to be their very best--and to live in accordance with their own life's purpose. 

 

Favorite part about the Italian culture?

The food and the warm hospitality!

 

Quote that you live by? 

Don't wait for your ship to come in...swim out to it.
Bio-feedback Measures from LIFE!

News from LIFE training: the use of quantifiable bio-feedback measures.

 

Many of you are familiar with our LIFE workshop - the three-day experiential training where participants learn and practice leadership skills and attributes. It is a program that helps participants understand the effect that they have on other people, and show how they can develop strategies to improve their people skills.  

 

Today, LIFE has advanced and can now show how the body and mind react to different situations using quantifiable bio-feedback measures. This has made LIFE into an environment where participants learn how their own performance is affected in different social situations. These metrics, along with the latest neuroscience information, assist participants in understanding what is happening to them. As a result, they become more aware of themselves and the environment they are experiencing. Participants walk away transformed with their basic beliefs and goals defined. In addition, they receive physical evidence in the form of neuro bio-feedback displayed in charts and graphs. This data can be further explored in coaching paired with the world's most statistically robust assessments the scientific community has to offer. Coachees have the opportunity to understand how their physiological and mental habitual reactions are impeding their own ability to achieve their personal life goals.  

 

The next editions of LIFE opened to public are:

 

March 22 to 24,  English edition

May 10 to 12, Italian edition

 

Please contact executive@cimba.it to enroll.  

 

  

Spring 2013 CIMBA Undergraduate LIFE participants 

SEEDLAB: Accelerator for Innovative Start Ups Presentation 
CIMBA- March 15th at 6.30pm

 
 
SeedLab is the entrepreneurship program that provides micro-seed funding and best-in-class training and mentorship to help promising start-ups succeed. The program consists of an intensive track, to help innovators with a good technology or business idea build strongest business models, form effective teams and meet international investors.

 

SeedLab gives innovators the chance to:

  • Build their own startup in a safe environment where they can test how good their intuitions are.
  • Learn the basics of management and work with a managerial partner on the business model, potentially building the project team.
  • Work side by side with experienced mentors.
  • Meet investors and industrial partners.
  • Take part to a business competition in order to win a business-developing trip to Silicon Valley.
SeedLab (in the person of Roberto Zanco, CIMBA Alumnus) will be in Asolo on this day to introduce you to the process and verify your interest in becoming a co-founder or advisor for some of these start-ups. Click HERE to read more about this exciting new venture!
  
Open to ALL alumni and students. We hope you see you there!
A-B-C's: Al's Book Clubabc 

 

In his book The (Honest) Truth About Dishonesty behavioral economist Dan Ariely applies his innovative experimental approaches to show how we "lie to everyone -- especially The honest Truth cover ourselves." While by itself the book can be sufficiently unsettling as it unmasks disappointing human behavior in a variety of normal day-to-day situations, it does give us an interesting vehicle through which to carry forward our exploration of System 1 versus System 2 thinking from our more recent ABCs.

 

In this sense, it is important to note that Prof. Ariely relies on social science research "averages" in reaching his conclusions - that is, on average, research subjects were observed reacting in this or that way to the staged stimulus defining the experiment. In personal development, understanding individual differences is fundamental to the success of coaching interventions intent on modifying behavior. As such, at CIMBA we tend to scrutinize the research subject pool closely to see if systematic individual differences in reactions could be influencing those averages. In large measure, together advances in brain-imaging technology and neuroscience have provided a means and a scientific basis respectively for this inquiry. If there are systematic individual differences, then coaching strategies can be modified or even defined anew to better assist in making personal improvements - coaches themselves are quick to point out that one size clearly does not fit all and our system serves to collect and analyze relevant data to that specific end.

 

In cases relevant to our personal development model where we suspect the systematic influence of individual differences, we either encourage the scientist to revisit the data and control for the influence, or replicate the experiment ourselves if costs and opportunity allow in order to verify our suspicions. This is most frequently the case when we sense that differences in individual self-regulatory ability may be driving important systematic, predictable differences in responses. Recall from past ABCs that self-regulatory ability is an important brain function largely at the command of our System 2 thinking. In reacting to a stimulus, an individual with low self-regulatory ability may not have adequate "brain time" to elicit System 2's more rational thinking. Instead, System 1 (effortlessly) deploys the individual's developed habitual reaction, often bringing about a less effective response than what would have been the case had System 2 cognitively addressed it. Conversely, individuals with high self-regulatory ability would arguably have adequate brain time to engage System 2 thinking or to have developed more productive, constructive, or healthy System 1 responses in many such situations. From a coaching perspective, the intervention strategy and approach to personal development would clearly differ between these two individuals.

 

The book begins with a critique of the research asserting that dishonesty is a result of an individual's rational cost-benefit calculation (what we would call System 2 thinking). In showing evidence to the contrary, his experiments reveal that neither the size of the reward nor the probability of getting caught substantially affects the likelihood of dishonest behavior - results arguably more in tune with System 1 rather than System 2 thinking. Prof Ariely sees two conflicting motivations in dishonest behavior. On the one hand, individuals want to view themselves as being honorable ("We cheat up to the level that allows us to retain our self-image as reasonable honest individuals." Page 23); and, on the other hand, we also want the benefits of cheating (Page 27). So we "fudge" a little, deceiving both others and ourselves in the process. In this sense, an individual would not likely steal cash from their company petty cash drawer to buy computer printer paper, but rather would be more likely to steal their company's paper itself (Page 33). In fact, Professor Ariely argues that in such situations our "cognitive flexibility" provides us with so much mental leeway that we often do not perceive ourselves as getting away with anything unethical or dishonest. This cognitive flexibility seemingly allows us to keep such contradictions between our values (along with our basic beliefs and goals) and our behavior beyond our consciousness (what we would refer to as being embedded in a System 1 habitual reaction).

 

The book is full of interesting examples of how we "deceive ourselves about cheating." For example, as a rule, "people cheat when they have a chance to do so, but not by a whole lot" (Page 145). Given the opportunity to cheat more, individuals on average "limit their cheating apparently to an amount that allows them to maintain their self-perception as being an honest person" (Page 23). Also, "cheating becomes much simpler when there are more steps between us and the dishonest act" (Page 59). On average, we are more averse to taking cash directly but much more likely to behave dishonestly to get a reward that, in the end, has cash value (recall the computer paper example from above). Prof. Ariely argues that in such situations, "psychological distance is key" (Page 59). He investigates the affect of conflicts of interest on behavior (Chapter 3), particularly in medicine (Page 77). He shows us that (on average) many professionals find themselves in conflict situations and fool themselves about not falling into unethical behavior - think of a doctor's decision process when it comes to prescribing a marginal test procedure where he/she owns the expensive testing equipment (most likely to prescribe the test) versus when the procedure would be performed by an independent lab (less likely, Page 70). And when these professionals know their clients well, when they find themselves being most trusted, the worst conflicts tend to arise -- and we are often not cognizant of the dishonesty. We also learn that once cheating starts it tends to gain momentum and become contagious (Chapter 8). Prof. Ariely shows us that the "link between creativity and dishonesty seems related to the ability to tell ourselves stories about how we are doing the right thing, even when we are not" (page 172). He does show us that cheating can have an upside, describing how doctors and nurses lied to him repeatedly when, as a teenager, he was in the process of recovering from severe burns over 70 percent of this body that almost killed him. If they had told him the honest truth about the challenges he was facing, he might not have gathered the strength to go on; the pain was real, but caregiver altruistic dishonesty eased his suffering (Page 159).

 

In relating these findings to System 1 and System 2 thinking, and then on to individual differences and coaching interventions, recall from the opening paragraph that Prof. Ariely relies on social science research "averages" in reaching his conclusions. In each of the experiments, he collects data on an individual's reaction to the stimulus generated for the purpose of the experiment, aggregates the data, and analyzes it statistically in looking for group trends and tendencies. He assembles his research subject pool to control for basic social science parameters, typically age, gender, and intelligence. On this basis, he persuasively argues the research subject reactions are not based (solely) on rationale System 2 thinking, as economic models might predict. Influenced by neuroscience findings, at CIMBA we have long asserted that an individual's reaction to such emotional events is most influenced first by the situation, and then by the individual's (a) core basic beliefs, values, and goals; (b) self-regulatory ability; (c) internal emotional intensity (SCARF profile); (d) rate of emotional recovery (emotional resilience); (e) rate at which emotion and emotion regulation use brain energy (depletion rate); and, (f) present state of emotional management (something we refer internally as an individual's "V-Code" - sleep, exercise, diet, stress, time-in and other fundamental elements of a "Healthy Mind Platter." Note that several factors making up an individual's V-Code are measured in our development system by using a clever device called FitbitŪ, which we highly recommend).

 

Because System 1 operates automatically and cannot be turned off at will, errors of intuitive thought are often difficult to prevent or avoid; System 2 may have no clue to the error or may even have endorsed it in the past (Which, according to Kahneman causes it to viewed by System 1 as a belief or habit). In these cases, thinking errors could be prevented by enhanced monitoring and effortful activity by System 2 - but such an approach would be too slow and energy consuming. As reflected in the CIMBA approach to effective coaching interventions, it is far more effective to adopt a two-part strategy:

 

(1)  First, learn to recognize situations in which for you such thinking errors are much more likely, particularly those situations where the stakes are higher (that is, make yourself more self-aware); and,

 

(2)  Second, strengthen your System 2 self-regulatory ability through effective, purposeful mindfulness practice (Driven by an active mindfulness practice, an engaged, observant System 2's self-regulatory ability assists you in staying vigilant against both the intentional efforts of others as well as your own mindless tendency to jump to conclusions or to be adversely influenced by Deceptive Brain Messages).

 

Prof. Ariely is clearly comfortable with the first part of this System 1 vs. System 2 strategic approach in principle, asserting as a solution after several experiments the importance of being aware, of improving self-awareness (Pages 37, 41, 52, 95, 115, 131, 140, 189, 240, and 247 among others). In this sense, he recognizes explicitly the importance of clear basic beliefs, values and goals (page 39-52; 249-54); internal emotional intensity as it relates to motivating social awareness and the need to belong (Chapter 8, "Cheating as an Infection;" Chapter 9, "Collaborative Cheating"); and, lowered rates of emotional recovery, depletion, and V-Codes (Chapter 4, "Why We Blow It When We are Tired"). But in our development system, key questions still remain, the answers to which are fundamental to a successful coaching intervention: Who are these "cheaters;" Are there systematic, measureable characteristics that define them; Can we identify those characteristics in advance and thereby predict the likelihood of dishonesty in defined situations; and, Can we develop coaching strategies to both assist them in becoming more self-aware of those situations and develop the self-regulatory ability to move beyond the detrimental weight of those characteristics?

 

While explicitly dismissing the usefulness of ethics courses in making individuals more honest (Page 43, and particularly the discussion at page 248 - "Any casual observation of the state of dishonesty in the world will quickly realize that such measure don't get the job done."), he does seem to implicitly sense the importance of the second part of the System 1 vs. System 2 strategy, improving self-regulatory ability. Surprisingly, though, it is the one emotional reaction area he fails to address explicitly (although the cites and discusses Baumeister's work in the area with favor in the book - Page 112), and the one we have found to be unquestionably the most important. Consider the following:

 

[U]nderstanding how slippery slopes operate can direct us to pay more attention to early cases of [dishonesty] transgressions and help us apply the brakes before it's too late. (At page 131)  

 

Of course, the "brakes" to which he refers is in Prof. Matt Lieberman words, "the brain's braking system," the right and left ventrolateral prefrontal cortex, our self-regulatory ability. Again, the brain's breaking system is controlled at the behest of System 2 thinking. The relative strength of your self-regulatory ability defines your self-discipline, impulse control, and willpower - literally, your ability to change behavior in both the short and the long-runs. An engaged, observant System 2 activates as necessary the ventrolateral prefrontal cortex (among other brain functions), which we refer to in our development system as the "Assessment Center." It is the brain's primary self-regulatory circuitry, inhibits or diminishes System 1 emotional reactions, overrides the "Habit Center" (basal ganglia), and facilitates voluntary emotional management -- but it is effortful and energy demanding. In fact, Kahneman notes that due to the "law of least effort" the brain will very quickly convert consistent System 2 responses (and non-responses) into System 1 habitual reactions (good or bad habits, the brain does not differentiate) as the brain moves to minimize energy consumption and effort in defined situations (and those it perceives as being similar).

 

Are there additional parallels between Prof. Ariely's work and System 1 vs. System thinking? Scrutiny of the neuroscience literature on emotion regulation, self-regulation, and mindfulness supports the notion that individuals with low self-regulatory ability are likely to be more creative, more self-deceptive, and, by pulling in Prof. Ariely's work within this research, more dishonest with themselves and others. They are more likely to say they do not need additional training ("I am already in the top 10 percent" - despite evidence to the contrary), a coach, or a mentor. They are more likely to express their emotions and opinions, and to be the "office bully." As a consequence, they are more likely to generate social contagions through their behavior among higher self-regulatory individuals who, ignorant of low self-regulatory characteristics, are more likely to be far more adaptable and flexible in efforts to make the workplace (and other environments) functional. That is, low self-regulatory individuals can be culture-killers in the workplace. While changing an individual's IQ is not likely, there is clear evidence we can change self-regulatory ability. By understanding an individual's System 1 and System 2 shortcomings from a neuroscience perspective, focusing coaching interventions on those shortcomings, measuring the success of those interventions through observed behavior improvements and through specially-designed mental exercises driven by data (for example, like those provided by My Brain Solutions), we can meaningfully and purposefully impact an individual's productivity, creativity, and well-being. That is, neuroscience can make a prescriptive impact on people well beyond merely improving honesty in the workplace.