Carnegie Mellon's New York FAST lab also supports the school's Computational Finance students who study both in New York and at Carnegie Mellon in Pittsburgh. The New York facility also is designed to support programs for business executives. In the past decades, executive education programs nationwide have grown more than 60 percent. A recent study by the U.S. Chamber of Commerce reports that one out of five middle managers has attended an executive education seminar. Other heavily attended executive education programs nationwide have focused on how business leaders bounce back after a failure, the report said.
History is littered with heroes who failed.
At General Electric, for example, Jack Welch bombed out early on. A pilot plastics plant that he managed blew up in 1966. Setting tangible goals, visualizing the next big win and succeeding in managing crisis are the key elements of executive education courses.