Wharton Impact Client Successes Educating Financial Leaders for a Rapidly Changing Industry: ABA Stonier Achieving Global Growth in Financial Services: CTBC Bank Accelerated Development for High-Potential Talents: Siam Cement Group Agility in Tough Times: Santander Cultivating Relationship-Driven Wealth Management Leaders: Citi Driving Innovation and Profits: The Philips Octagon Program Estée Lauder: The Impact of Deep Faculty Engagement Seeding the Next Generation of Leaders: FINRA Knowledge for Innovation and Sustainability: The Royal DSM Program Merck Global Human Health Executive Development Program Strengthening Social-Oriented Leaders: Women’s World Banking (WWB) Turning Local Managers into Global Leaders: Braskem Turning Finance Managers into Strategic Business Partners Research Centers Online Learning Lifelong Learning for Wharton Alumni Turning Local Managers into Global Leaders: Braskem The Challenge How can a fast-growing global chemical company create a global leadership mindset among its high-potential managers worldwide while expanding into new markets? That was the challenge facing Brazilian-based Braskem, Latin America’s largest petrochemical company. Client Success Profile Download PDF The Goals To achieve its vision of becoming the world leader in sustainable chemicals, Braskem had completed a number of strategic acquisitions, including U.S.-based Sunoco Chemicals and Dow Chemical’s U.S. and German plastic assets. “Our challenges during this internationalization phase are: How do your organize the company? How do you train the people to work in this new context? That’s why we decided to do the program,” says Camila Dantas, Braskem Education and Career Manager. Braskem’s management team needed a program that: Embraced a global leadership mindset around globalization, culture, and communication. Increased their business acumen with the most advanced skills in decision making, negotiation, and innovation. Integrated learnings into action learning projects, successfully positioning Braskem as a global player. “This program is about turning local managers into global leaders,” says Professor David Robertson who worked on the program design. “Participants learned new frameworks to operate with a global perspective and to work across operational boundaries.” The Braskem Solution Wharton’s Braskem Global Leaders Program brought diverse faculty together to tackle key competitive and market questions, such as: How do you think about a problem or market opportunity from a global perspective? How do you manage people in a manner that invites engagement? How do you become a truly global player? Thirty-two managers from Brazil, the United States, and Mexico participated, kicking off the program with a “rowing” and team-building exercise in Philadelphia. The program also included two modules and action learning projects: Module One — Explored globalization, leading through organizational culture, strategic decision making, innovation, and negotiation. Module Two — Covered global corporate responsibility and sustainability, scenario planning, emotional intelligence, leading change, global branding strategy and reputation, and human capital. Action Learning Projects — Applied new business and leadership skills to identify projects relating directly to opportunities within Braskem’s business. “Wharton’s superb faculty can bridge the gap and make business concepts come alive in the classroom,” says David Robertson, PhD, Wharton Professor of Practice and Learning Director for the Braskem engagement. “The action learning projects were particularly helpful, allowing managers to apply the learning so it doesn’t just become a theoretical exercise in the classroom.” The Wharton program offered tools and frameworks that Braskem leaders could immediately apply to their day-to-day work. Participants developed six action learning projects. These included developing a new methodology to increase Braskem’s product portfolio, examining the pros and cons of entering a new market, and assessing how best to leverage growth opportunities for the U.S. shale gas business. The Impact Braskem’s Global Leaders Program was a resounding success — giving participants new frameworks to work cross-culturally as a single global company. To date, course participants presented three of the six action learning projects to Braskem’s executive committee as potential growth strategies. As new leaders join the company, Braskem will look to Wharton and the Global Leaders Program to help strategically develop their high potentials. Would you like to learn more? To find out how Wharton Executive Education can help your company achieve its own customized solution, please contact Alyssa Greco Stahl, Director, Client Relations — Custom Programs, +1.215.746.8093 or firstname.lastname@example.org.