LEAD Course Catalog Stanford University
LEAD Course Catalog Stanford University
LEAD Course Catalog Stanford University
change.
Start with two foundation courses, add on one leadership course, and then customize your experience with your choice of five
electives to build your skill sets and reach your personal and professional goals.
Foundations (Required)
CRITICAL ANALYTICAL THINKING This course will cover the key techniques of financial valuation
a n d c a p it al b u d g e tin g us e d by m aj o r c o r p o r atio n s .
Haim Mendelson Understanding these techniques is critical for project sponsors
The Kleiner Perkins Caufield & Byers Professor of to make sure their ideas get the attention—and funding—they
Electronic Business and Commerce, and Management deserve. No matter your level or role, identifying the financial
drivers of a project’s success will help you ensure it is
resourced effectively and creates the most value for your
organization and its stakeholders.
Critical Analytical Thinking is essentially the language of
strategy. It adds structure and transparency to the analysis In this course, you will gain experience building an actual
and formulation of strateg y and helps executives make financial model to assess a proposed new product launch. We
decisions in a collaborative, logical, and fact-driven fashion. will consider key financial metrics that are often applied and
learn which ones are reliable (and which are not). We will also
This course will help you develop and hone skills necessary to
look at how we can use the financial model to guide our
analy ze c omplex proble ms, for mulate well-re as on e d
attention as project managers in order to maximize the impact
arguments, and consider alternative points of view. It will help
of our efforts. Along the way you will gain insight into how
you assess innovative business models, identify critical issues,
financial markets work and how investors evaluate stocks.
develop and present well-reasoned positions, and evaluate
Finally, we will learn how to use these skills to understand the
evidence. You will apply those skills to address a variety of
drivers of a company’s stock price, or its value in an
management problems in both this and subsequent courses in
acquisition.
the LEAD Certificate program.
Key topics include:
Key topics include:
• Interpreting balance sheets and income statements
• Foundations of logical reasoning
• The difference between earnings and cash flows
• Using and interpreting evidence
• Measuring value using NPV
• Designing experiments
• ROI & IRR: Uses and abuses
• Using analogies
• Interest rates, risk, and the cost of capital
We will use a combination of lectures and case studies to • DCF/WACC valuation models
prepare you to present written and video arguments for your • Building a financial model
positions, and to critique and debate those of your peers. • Valuing companies: Comps vs. DCF
VALUES-BASED LEADERSHIP
Ken Shotts
The David S. and Ann M. Barlow Professor of Political
Economy
Neil Malhotra
The Edith M. Cornell Professor of Political Economy
In this course, we empower you with tools to unlock higher • Speaking and acting with power
purpose in yourself, your teams, and in your organizations. • Handling opposition and conflict
Then, drawing on insights from leaders who cultivate levity in
The course will employ short lecture videos, multimedia case
their organizations as well as professional comedians, you’ll
studies, and both synchronous and asynchronous exercises on
learn how to use your sense of humor as a secret weapon in
which you will receive feedback from your classmates and the
business and life to persuade, influence, and lead.
teaching staff. The materials are designed to build your power
Through this journey, you will challenge your current approach skills and willingness to use these skills to get things done.
on how to lead in this new environment of constant change,
and learn to:
Just as you wouldn’t build a house without first creating a Communication may be the most critical component of
blueprint, effective commercial innovation requires a blueprint effective leadership. To achieve shared goals, a leader must be
of the business that will be supported or generated by your able to craft a compelling message, articulate an exciting
innovation. That blueprint is the business model, which vision, or galvanize a group around a course of action.
comprises three elements: the value creation model, which This course is designed to help participants become more
sp e cif ie s h ow th e inn ov ation will cre ate an d delive r savvy communicators – leaders who can get things done.
differentiated value to its customers, and who these customers Throughout this course, par ticipants will sharpen their
will be; the profit model, which specifies the sources of communication skills through experiential activities, role
revenue, the cost structure, and the drivers of profitability; plays, and practical lessons they can apply immediately.
and the logic of the business, which ties together the value
creation and profit models and explains how the business will Key topics include:
meet its growth and profitability objectives. • Communication biases
Iterating on business model development helps innovators • Managing the meeting
follow a structured process for planning and building new • Becoming more persuasive
businesses on a standalone basis or within established • Personalizing for the audience
enterprises. In this course, we’ll discuss the process of
• Modeling your message
structuring business models, address the core elements of a
business model, and practice the design of innovative business • Building rapport
models for new and established companies from multiple • Accounting for mistakes
industries. We’ll do that by analyzing case studies, studying
• Delivering praise
innovative business models, discussing the topic with
entrepreneurs and venture capitalists, and building our own
business model.
This course takes a unique view on disruption by combining What makes a decision a good decision? Since chance or “luck”
disruption theory research, innovation strategy, and the ways almost always has a hand in determining what happens after we
that business practitioners and Silicon Valley entrepreneurs make a decision, making a good decision doesn’t necessarily
have redefined disruption over the last decade. We’ll bring these guarantee a good outcome. Similarly, obtaining a good outcome
perspectives together in a framework for gauging the disruptive doesn’t prove that a good decision was made.
potential of an innovation – that is, how likely the innovation is to
Roughly speaking a good decision is one that is more likely than
fundamentally change the structure of an industry. You’ll learn
the alternative courses of action to lead to a good outcome.
the critical roles that customers, value chains, and technologies
Good decision making is all about following a disciplined
play in driving such changes.
process that helps select the course of action that is most likely
In some cases, we’ll take a very futuristic view of disruption in to lead to good outcomes.
which you will see how a very recent discovery can lead to
We face many different types of decisions daily. Some decisions
fascinating possibilities for disruption that may be 10-20 years
are of little consequence like What should I wear today? or Which
down the line. Distinguishing between developments that will
restaurant should I go to? Others involve much higher stakes
last and drive changes vs. developments that are temporary
like Should I buy a house? or Should I look for a new job?
fads is something the frameworks in this course will help you
unpack. In this course, you will learn tools and frameworks to help guide
your decision making so that you can make (or become more
Finally, you’ll work on a capstone mini project in which you will
likely to make) good decisions when faced with different types
apply the course frameworks to develop a disruption hypothesis
of decisions. Unfortunately, because of the role lady luck plays,
for the industry of your choosing. This could be the industry you
we can make no promises about the outcomes of your decisions.
are currently working in, an industry that you may want to
disrupt, or simply an industry that’s compelling to you. Key topics include:
The companies and cases we’ll use in this course to learn • Identify different aspects of a decision — the quantifiable
about disruption include Impossible Foods, Starbucks, aspects and the fuzzier aspects.
w hiskey m a n u f a c t ur in g, War by Par ke r, Pe loto n, HIV • Learn tools and frameworks that can be used in situations
t r e a t m e n t p h a r m a c e u t i c a l s , C a li f o r n i a H e a l t h C a r e where most components of the decision can be quantified
Foundation, Amazon Web Ser vices, Microsoft, Walmart, and the risks can be measured.
Uber, Airbnb, Kodak, Fundbox, Dow Corning, and Fastbrick
• Apply some of the insights from using these tools and
Robotics, and Pokémon Go.
frameworks to decisions that are less quantifiable.
Key topics include: • Think critically about the value of information and the
• The Disruption Framework and the Three Pillars of value of flexibility.
Disruption • Explore cognitive biases that influence our decision
• Disruption via new entrants making.
• Incumbent self-disruption, and when incumbents miss the • Develop principled ways of approaching decision making
disruption as an individual and in a group setting.
• Nonprofit vs. for-profit disruption
• The Five Forces Framework
• Designing a disruption hypothesis
GETTING (MORE OF) WHAT YOU WANT: INCLUSIVE LEADERSHIP FOR INNOVATION
NEGOTIATING, COLLABORATIVE PROBLEM AND EXCELLENCE
SOLVING, AND VALUE CLAIMING
Margaret Ann Neale
Margaret A. Neale The Adams Distinguished Professor of
The Adams Distinguished Professor of Management, Emerita
Management, Emerita
Sarah A. Soule
One of the most common associations that executives have The Morgridge Professor of Organizational Behavior;
when thinking about negotiations is a battle. Almost with the Senior Associate Dean for Academic Affairs; Professor
thought about negotiating, negotiators are already starting to of Sociology (by courtesy), School of Humanities and
put on their armor, ready to do battle with their counterparts. Sciences; Director, Stanford LEAD
The goal is to take from them resources that they do not wish
to share, and to keep them from taking resources that you do The relationship between diversity and performance has recently
not wish to share with them. While there are negotiations that received an enormous amount of attention, not only in the
fit this description, most of our negotiations are not battles — behavioral and social sciences but also in organizations
unless by expecting a battle, you create one. struggling with the challenge of creating and maintaining a
diverse workforce.
Negotiation is all about influence. In our daily lives, we rarely
have the opportunity for successful command and control. In this course, we will explore the barriers and potential solutions
When we negotiate, you cannot command a solution. to creating and maintaining a diverse workforce using a
Negotiating is an interdependent process; you cannot force combination of pedagogical tools including (but not limited to):
the other side to agree. Rather, you need to create proposals • Role simulations
that engage them as a willing partner in your solution.
• Participant-organizational observations and explorations
In this course, the objective is to develop negotiating fluency: • Case analyses
knowing when to prepare for battle and when to engage in
• Team assignments
collaborative problem solving. However, not just any solution will
do. Rather to get (more of) what you want, you are looking for a • Self-reflection
particular type of solution — one that makes you better off than We will also explore practical methods for creating a workplace
your status quo or your alternatives while, from your counterpart’s culture in which all people feel valued and included.
perspective, keeps them whole or makes them better off.
Key topics include:
Relying on decades of empirical research, the purpose of this
• The Value of Diversity in Innovative Teams and
course is to provide you with a set of tools and a theoretical
Organizations
understanding of the strategies and tactics that can improve
the quality of your negotiating outcomes and your ability to get • Barriers to Diversity: Not enough qualified people
(more of) what you want. The course combines experiential, • Barriers to Diversity: Non-conscious bias
hands-on negotiations with the development of empirically
• Barriers to Diversity: Malleable or inappropriate recruiting
derived frameworks that can improve the quality of your
criteria
negotiations — whether you are negotiating with your
colleagues, your boss, your subordinates, friends, family • Barriers to Diversity: Differential Evaluation criteria
members, and even strangers. • Solutions for Designing for Diversity: Hiring
• Making the choice to negotiate • Solutions for Designing for Diversity: Culture of Inclusion
• The infrastructure of negotiation • Solutions for Designing for Diversity: Internships, “Try-
Outs,” Networking, and the Strength of Weak Ties
• Creating value vs claiming value
• Solutions for Designing for Diversity: Virtual organizations,
• Steps to effective preparation for negotiation
virtual teams
• How and when to walk away
• Power — how to get more when you have it, and when
you don’t
• When there is more than one person across the table:
teams and coalitions in negotiation
• Developing your 100-day change plan • Neuroscience frameworks that underpin key elements of
exemplary leadership
We will use a combination of lectures and case studies to • Type 1 and Type 2 mindsets and the X-Framework
develop your to olkit for change, an d th en provide a
• Neurobiology of stress
collaborative space for you to share and receive feedback on
your work. • Techniques to manage stress
• Importance of narratives
• The IKEA effect
• Tribal instincts
• Ambidextrous organizations
• The triangle framework
• Decision confidence
• The placebo effect
Persuasion refers to the act or process of shaping people’s Studies show that we are wired to remember stories much
thoughts, beliefs, attitudes, and behaviors. Understanding more than data, facts, and figures. Stories galvanize — they
persuasion is essential to having influence in virtually any tell the why, creating common understanding, engagement,
environment — at home, at work, in a sales pitch, or in the and excitement. They paint a picture of what could be for
marketplace. everyone — they fuel the personal and professional journeys
for both yourself and those around you. By creating powerful
The aim of this course is to provide insight into the psychology stories, you’ll see how to gain momentum by helping your
of persuasion. We will take an evidence-based approach and employees and customers become more connected and
explore classic and cutting-edge research and theory to driving growth for your organization.
understand effective persuasive strategy, and we will put this
understanding to practice using live discussions, practical In this course, Dr. Aaker will illuminate the power of story in
activities (e.g., writing an email that grabs attention and business by revealing why story is important and how story
engages the recipient), and role-playing. can be harnessed to fuel connection, innovation, and growth
for leaders. She will demonstrate how leaders build a bank of
Key topics include: Signature Stories and bring them into play to build high-
• Relevance: How do you make your message feel relevant? performing teams and companies. Throughout the course,
How do you engage your audience? you will find best practices by CEOs and leaders from
• Credibility: How do you establish expertise and gain companies like Salesforce, Celo, Warriors, Tory Burch, and
people’s trust? Zoom to illuminate how to harness story as an asset. This
course is designed to give leaders the tools to highlight their
• Resistance: How do you disarm your audience and
own Signature Stories in a way that can provide value to both
overcome their resistance?
their companies and people’s lives.
• Self-Persuasion: How do you get people to persuade
themselves? You will engage with lectures, industry examples and case
studies through videos and graphic novel depictions. You will
• Certainty: How and why should you build certainty?
also listen to leaders share their tips and strategies for using
• Uncertainty: When is uncertainty persuasive? story in business and life through podcast-style interviews. At
the end of this course, you’ll leave with the ability to curate,
craft, and tell stories effectively — and to harness story to
drive growth.