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Current Issue - Thunderbird Magazine - Thunderbird School of ...

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Gallup recruiter Susan<br />

Shald, second from<br />

right, meets <strong>Thunderbird</strong><br />

students Oct. 25, 2012,<br />

during the Career Fair.<br />

<strong>Thunderbird</strong> President<br />

Larry Edward Penley has<br />

identifi ed employers as<br />

the school’s top customer.<br />

(KRISTEN JARCHOW)<br />

THUNDERBIRD MYSTIQUE<br />

<strong>Thunderbird</strong> first caught Penley’s attention<br />

during these years in Arizona and Colorado.<br />

“I’ve known and admired this campus for<br />

more than 25 years,” Penley says. “<strong>Thunderbird</strong><br />

was the model <strong>of</strong> global business, and<br />

<strong>Thunderbird</strong> remains the model <strong>of</strong> global<br />

business — even as other schools have focused<br />

more and more on international business.”<br />

He says he heard reports <strong>of</strong> the <strong>Thunderbird</strong><br />

mystique as an outsider, and he thought he<br />

understood the concept. But his understanding<br />

deepened when Interim <strong>Thunderbird</strong><br />

President Barbara Barrett invited him to join<br />

her transition team as interim provost in April<br />

2012.<br />

“I always thought I knew what the <strong>Thunderbird</strong><br />

mystique was,” Penley says. “But not until<br />

I interacted with the students and alumni<br />

did I realize what it was all about.”<br />

APPETITE FOR RISK<br />

Penley says <strong>Thunderbird</strong> will stay true to its<br />

core values in the 21st century, but the school<br />

must develop a bias for action to keep pace<br />

with global business.<br />

“A bias for action means we have to be willing<br />

to change,” he says. “We need to be aggressive<br />

about change. We need to be constantly<br />

monitoring where business is headed, what<br />

employers need, and what recruiters are asking<br />

for in terms <strong>of</strong> knowledge and skills.”<br />

He says <strong>Thunderbird</strong>’s Board <strong>of</strong> Trustees<br />

understands this mindset which guided the<br />

process as the school explored a partnership<br />

with Laureate Education Inc. He says the announcement<br />

that followed on March 18,<br />

2013, shows the school’s willingness to adapt<br />

and thrive in a competitive environment (details<br />

on page 4).<br />

“Change is always a risk,” Penley says. “But<br />

a leader cannot get complacent or rest when<br />

others are chasing to catch up.”<br />

Penley has trained himself to moderate risk<br />

by focusing on market research. He uses survey<br />

data and focus groups like he uses his map<br />

and compass in the wilderness.<br />

“Rarely do I approach a problem that I don’t<br />

start with the market and where it is headed,”<br />

24 spring 2013

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