Should Mark Zuckerberg have responded sooner? Probably. MBA students need to know how to act in a time of crisis
The ubiquity of social media makes it nigh on impossible to hide from the public. For the first half of this week though, one man did an excellent job.Wearing a blue and white striped tee-shirt to accompany baggy ‘tech guy’ jeans, a blue and white striped hat, and glasses, he hid from a digital crowd who vehemently called for him to surface.
But the fun and games that accompanied ‘Where’s Zuckerberg?’ are over. Yesterday, the CEO of the social media behemoth spoke out against the “breach of trust” that accompanied the data harvesting of 50 million profiles from the site.
The data was taken by a third-party source, and given to data analytics company Cambridge Analytica, who have been accused of using that data to influence elections around the world.
When I spoke to associate professor of leadership, and the course director for the Executive MBA program at Warwick Business School, Dimitrios Spyridonidis, on Wednesday morning, he correctly predicted that “a fast and honest response” was imminent.
But, by looking at the response of Mark Zuckerberg in light of this week’s revelations, what can MBA students learn about the intimate nature of leading during a time of institutional scandal?
“First and foremost, [they] need to understand the need for corporate accountability,” Dimitrios said, “it’s about transparency and social responsibility.”
Leadership, he explained, is not about the individual in charge, it is about how they relate to their followers; to their clients.
Social media seamlessly connects those clients across the globe. The consequence is that when the rumour mill begins to blow the flames of scandal across platforms like Facebook and Twitter, the court of public opinion is quick to judge. It takes a lot longer for that judgement to subside.
“What this scandal shows is the way organizations do business is changing,” Dimitrios explained. “The problem is that most MBA students that come to us tend to use models of leadership from the past. We need to think of leadership in a new way.”
It is imperative for tech companies and the CEOs who lead them to become more open, but at the same time they need to guarantee their customers increased security regarding their personal data: the transparency paradox.
Speaking to me from the campus, professor of strategic and international management, Louise Mors, added that this is one of the most significant changes to the way senior management needs to act in today's business world.
“If you go back 20 years, managers, and particularly CEOs, were able to make decisions much more independently,” she said, “now, managers are under increasing pressures. They are no longer making decisions in a vacuum.”
For Louise, although Mark Zuckerberg came out and publicly commented on the issue, from a leadership position it was more important that he reassured his employees internally that a statement would be made.
“It’s important [to do that],” she explained. “Otherwise, you create a lot of uncertainty inside the organization. That absence is very damaging internally.”
Louise teaches her students that being a CEO is about perfecting the organizational environment so that the structure is in place with regards to the people you choose to employ, the culture they work within, and the incentives that motivate them.
“When something like this happens, employees look to the senior management for guidance. What he could have done internally is say, ‘I can’t comment because of legal implications, but we are dealing with this.’”
An example of senior leadership taking the reins to quell impending crisis can be seen in a case study Louise uses with her students. A few years ago, one of Danish oil company Maersk's ships hit a whale at sea, which was trapped on the front of the ship when it was coming into port.
The company realized that if a member of the public was to catch wind of this and share an image on social media, the fallout would be drastic.
Instead, they took their own photo, and shared it, acknowledging it as erroneous. “Of course, the Greenpeace posts and the negative publicity was going to come anyway,” said Louise, “but instead of trying to hide it, they were transparent, agreeing that [it was] terrible, and looking how to avoid it happening again.”
The speed at which information can surface and spread means the time frame for this kind of response is shrinking. Honesty and transparency are the best form of defence, and perhaps Mark Zuckerberg should have come out and commented sooner.
Time will tell how badly the fallout from the latest data breach scandal affects Facebook. But, one thing is for sure, public opinion is being shaped quicker than ever before and, once it has been, no amount of honesty and transparency is guaranteed to change that.
Student Reviews
Copenhagen Business School (CBS)
CBS: efficient international network
CBS has always been ranked among the best universities in Europe and this means that it has become a sign of professionalism and success.
The academic level is great thanks to the good teachers and the atmosphere is proactive and challenging. Lots of events are planned every week and this helps you to find your own way.
CBS is not only a business school, it is a great and efficient international network.
Good academic career
I did my Bachelors at CBS and their academic excellence and career opportunities led me to pursue my Masters in Accounting, Strategy and Control. I was very lucky to go on an exchange in Singapore for one semester it boosted me to get a career in a global firm. I like that it is super modern and has all the facilities for the business student in 2019. Especially, I liked the library and Bitlab where I spent most of my time studying. However, note that it is very demanding and studying here is no joke. Everything is very competitive and you are among the most excellent business students in the country. The interaction with international students helped me to see different perspectives in business and culturally and I was lucky to make friends from any part of the world. CBS is like a brand in Denmark. Every serious business company prioritizes us over any other Danish university and also it is free for European citizens. Overall, I have a very satisfying experience at CBS and I'm looking to continue my academical career even further.
CBS is one of the best!
All I have to say regarding my experience at CBS is that it is AMAZING. Having been tutored by world-class academic staff, I can definitely support that I am receiving the best of quality regarding my studies in Digital Marketing. Staff is very friendly and easy to approach. In addition, the facilities we enjoy are top class and meet any demands. Keep in mind that, EU citizens do not pay any fees. Student life might be non-existent here, but the location of the University in The very center of Copenhagen has a huge variety of choices to offer to students regarding their entertainment. Accommodation might be a problem, but early research of the market can be very useful. In addition, the University promotes diversity. In CBS University you can meet people from the whole world which is quite interesting. I definitely suggest CBS for any student who he's interested in pursuing a career in marketing or business.
The ideal business school
I have been enrolled in this university for 2 semesters. What I took from this experience is that there is nothing better out there for those looking for professional growth while being guided by some of the top-notch professors in Scandinavia. They have a really strong focus in technology and digital transformation and they are up to date to guarantee you land a job in the modern fast-evolving world. They also embrace diversity which means many students come from any part of the world and it takes the entire learning experience to another level. You simply learn from every other student cause everyone has different experiences and background which makes you open your mind and see the world from a different angle. In Denmark, even businesses prioritize people who graduate from CBS as it's commonly perceived as the most prestigious university for business graduates.
A Place of Personal Growth
In CBS you can expect an environment of proactive thinking and growth.
The university staff is always open to help and to debate. The teaching methods balance theoretical knowledge and practical skills enabling the student with capacity and confidence to enter the job market successfully. The existence of students from all over the world stimulates discussion and promotion of different cultures, ideas and perspectives. I highly recommend this university for students in business-related areas.
Environment
The environment here is really great. Despite the well organized buildings and libraries, there are also places for students to just stay and relax also even study in the corners of each campus. The professors are mostly really nice and try to interact with students a lot. So, to sum up, the environment is really nice for studying here.
Quality education
Quality education where it emphazises the importance of academic. No finger to put on this aspect of the school.
However, sometimes the administration and IT can be lacking a bit, but in general a really good choice for education!
Best Time!
Classes are challenging and conducted in a professional manner. CBS offers a wide range of possibilities to develop outside of the classes! Libraries and other facilities on the campus are very well adjusted to the student needs.
A heavily theory-based curriculum combined with an ever-stimulating environment
I am currently a Master student at CBS, but I have also completed a Bachelor's Degree in this university. I am quite satisfied with my studies and the teaching level. However, when compared to other business schools, it becomes apparent that most courses at CBS strive to find a good balance between theoretical insight and real-life examples. Compared to my exchange university, the projects that I have found myself writing at CBS have a far less practical application and also leave little room for creativity. If the teaching is heavily theoretical, on the bright side, the university arranges a number of events throughout the year to encourage students to apply their knowledge, in the form of career fairs, case competitions, and other events organized by student associations. In my experience, teachers are very easily approachable and happy to answer your questions. A foreign student like me will find a more international environment at Master level, since the number of international (or at least non-Scandinavian) students enrolled in the Bachelor programs is quite low. However, all communication (both oral and written) from teachers and the university offices is always in English. Administrative offices, student guidance services, the career center, and the international office are definitely worth a mention. All of the requests that I have had throughout the years have always been met with kindness, promptness and efficiency.
CBS: efficient international network
CBS has always been ranked among the best universities in Europe and this means that it has become a sign of professionalism and success.
The academic level is great thanks to the good teachers and the atmosphere is proactive and challenging. Lots of events are planned every week and this helps you to find your own way.
CBS is not only a business school, it is a great and efficient international network.
Good academic career
I did my Bachelors at CBS and their academic excellence and career opportunities led me to pursue my Masters in Accounting, Strategy and Control. I was very lucky to go on an exchange in Singapore for one semester it boosted me to get a career in a global firm. I like that it is super modern and has all the facilities for the business student in 2019. Especially, I liked the library and Bitlab where I spent most of my time studying. However, note that it is very demanding and studying here is no joke. Everything is very competitive and you are among the most excellent business students in the country. The interaction with international students helped me to see different perspectives in business and culturally and I was lucky to make friends from any part of the world. CBS is like a brand in Denmark. Every serious business company prioritizes us over any other Danish university and also it is free for European citizens. Overall, I have a very satisfying experience at CBS and I'm looking to continue my academical career even further.
CBS is one of the best!
All I have to say regarding my experience at CBS is that it is AMAZING. Having been tutored by world-class academic staff, I can definitely support that I am receiving the best of quality regarding my studies in Digital Marketing. Staff is very friendly and easy to approach. In addition, the facilities we enjoy are top class and meet any demands. Keep in mind that, EU citizens do not pay any fees. Student life might be non-existent here, but the location of the University in The very center of Copenhagen has a huge variety of choices to offer to students regarding their entertainment. Accommodation might be a problem, but early research of the market can be very useful. In addition, the University promotes diversity. In CBS University you can meet people from the whole world which is quite interesting. I definitely suggest CBS for any student who he's interested in pursuing a career in marketing or business.
The ideal business school
I have been enrolled in this university for 2 semesters. What I took from this experience is that there is nothing better out there for those looking for professional growth while being guided by some of the top-notch professors in Scandinavia. They have a really strong focus in technology and digital transformation and they are up to date to guarantee you land a job in the modern fast-evolving world. They also embrace diversity which means many students come from any part of the world and it takes the entire learning experience to another level. You simply learn from every other student cause everyone has different experiences and background which makes you open your mind and see the world from a different angle. In Denmark, even businesses prioritize people who graduate from CBS as it's commonly perceived as the most prestigious university for business graduates.
A Place of Personal Growth
In CBS you can expect an environment of proactive thinking and growth.
The university staff is always open to help and to debate. The teaching methods balance theoretical knowledge and practical skills enabling the student with capacity and confidence to enter the job market successfully. The existence of students from all over the world stimulates discussion and promotion of different cultures, ideas and perspectives. I highly recommend this university for students in business-related areas.
Environment
The environment here is really great. Despite the well organized buildings and libraries, there are also places for students to just stay and relax also even study in the corners of each campus. The professors are mostly really nice and try to interact with students a lot. So, to sum up, the environment is really nice for studying here.
Quality education
Quality education where it emphazises the importance of academic. No finger to put on this aspect of the school.
However, sometimes the administration and IT can be lacking a bit, but in general a really good choice for education!
Best Time!
Classes are challenging and conducted in a professional manner. CBS offers a wide range of possibilities to develop outside of the classes! Libraries and other facilities on the campus are very well adjusted to the student needs.
A heavily theory-based curriculum combined with an ever-stimulating environment
I am currently a Master student at CBS, but I have also completed a Bachelor's Degree in this university. I am quite satisfied with my studies and the teaching level. However, when compared to other business schools, it becomes apparent that most courses at CBS strive to find a good balance between theoretical insight and real-life examples. Compared to my exchange university, the projects that I have found myself writing at CBS have a far less practical application and also leave little room for creativity. If the teaching is heavily theoretical, on the bright side, the university arranges a number of events throughout the year to encourage students to apply their knowledge, in the form of career fairs, case competitions, and other events organized by student associations. In my experience, teachers are very easily approachable and happy to answer your questions. A foreign student like me will find a more international environment at Master level, since the number of international (or at least non-Scandinavian) students enrolled in the Bachelor programs is quite low. However, all communication (both oral and written) from teachers and the university offices is always in English. Administrative offices, student guidance services, the career center, and the international office are definitely worth a mention. All of the requests that I have had throughout the years have always been met with kindness, promptness and efficiency.
Monthly checkups, good acedmic tutoring
Copenhagen business school impresses me every single time I think about the school as a whole. What’s particularly impressive is how they always check in to ensure everyone is on the same page. Whether it's through small group discussions or one-on-one feedback sessions, the professors really take the time to make sure no one is left behind. They’re always available for follow-up questions and give tailored feedback that helps students understand where they can improve and how to apply what they’ve learned to real-world situations. It's clear that at CBS, the focus is on learning, not just getting paid. The professors are not just there to deliver lectures but are deeply invested in making sure every student is progressing.
The professors.. 👌🏾
The professors at Copenhagen Business School are genuinely excellent and play an essential role in developing students with extensive real-world experience. What stuck out to me was how supportive they are outside of lectures and class time. They are always willing to answer inquiries, whether concerning the course material or career advice, and many of them work beyond of usual hours to assist students.The instructors' accessibility fosters an environment in which you feel encouraged, not only intellectually, but also in terms of personal growth and future career goals. It's apparent that they care significantly about helping students achieve.
Jpp prospects with top companies
Copenhagen Business School offers a unique blend of academic rigor and practical experience, making it an excellent choice for aspiring professionals, especially in fields like investment banking and consulting. With strong ties to top-tier companies, the job prospects are promising, bolstered by a robust network of alumni and industry connections. The Danish government provides financial support (SU) for local and EU students, alleviating the financial burden and allowing for a focus on academics and career-building activities. The curriculum is well-structured, offering ample free time for part-time jobs, student clubs, or pursuing personal interests. The balance between studies and extracurriculars nurtures a dynamic student experience, while the international environment fosters a global perspective. CBS equips students with not just a degree but a solid foundation in real-world business practices, making graduates highly competitive in the job market.
