2017 EFMD GN Americas Conference: Concluding Remarks

2017 EFMD GN Americas Annual Conference homepage

Guest Post by Jorge Haddock, University of Massachusetts Boston, Chair of the Conference
New York City, USA – 29November - 1 December 2017

Four themes emerged throughout the conference, (1) the impact of technology in pedagogy and all other aspects of business education, (2) business disruption, most led by technology, (3) the talent gap, and (4) the disconnect between academia and practice.

In the opening keynote, Julio Portalatin, CEO & President, Mercer, USA argued that it’s all about leadership rather than management, leading for success and positioning the company for the future. More jobs will be created than displaced by technology.

He also posited that although business disruption is being led by technology, companies like Amazon realised that it’s not all about technology and that some human interaction is required. That’s why they acquired Whole Foods and will penetrate the pharmaceutical market. In this technology led disruption of business we can foresee 65% of children born today going into a career that doesn’t exist today. We can also expect much of the disruption to continue around AI development.

Given the above, 93% of companies will do something major to incorporate technology and AI in the near future. It is important to recognise generational change especially around technology. For today’s, technology is a given. Hence, it is all about the organisational culture embracing technology, which requires a new work environment.

One major CEO complaint is the inability to match opportunity with talent. Another issue is how academia prepares students for the job market. On the one hand they need to be job ready on the other hand they should have wide critical thinking skills and cognitive flexibility where a more Liberal Arts type education would be more appropriate. Business schools that stay relevant among these changes will prevail. The trend indicates the rise of specialised masters programmes, but the MBA will remain the most valuable degrees. However, it will only remain so given well-rounded MBA programmes that teach students to think critically.

The panelists on Trends in Online Education showcased some of their work at their institutions and discussed the major challenges, opportunities and threats. The major challenges include a sometimes negative market perception, resistant faculty, a lack of innovation culture and pedagogy and definition of the right portfolio. The opportunities and threats include increasing interest in ROI (ROE) Return on Education, demographic shifts, adjacent markets and product subs, the parcellation of the education offering and the integration of AI.

The panelists from the corporate world (Accenture, Allianz and GloCap Search) on Preparing Students for an Unpredictable Future discussed the major challenges that organisations face when integrating talent. Two of the major challenges that organisations face are the skills gap and performance improvement.

The takeaways include:
  • Diversity of thought and experience is key
  • Ideal students are flexible, think on your feet and are good listeners
  • There is an exponential growth of knowledge that is required from students
  • Students need to communicate effectively, develop social skills and EQ
  • Ability to navigate office politics is often lacking among graduates. This includes the necessary patience and time it needs to grow within an organisation
  • Command of technology is important
  • A class on where student experience failure and how to deal with it could be highly valuable
There is a disconnect between academia and practice due to faculty who believe they know what they should be teaching. Business Schools are supposed to provide great thinkers and people with the necessary hard skills to hit the ground running: to what extent are Business Schools responsible, to what extent are companies responsible and to what extent individuals?

Attendees finished the day in the Beyond the Tip of the Iceberg: Networking Session and had the opportunity to engage in an open-format interactive session where they identified and discussed with their peers challenges that they face at their institutions.

The next morning, Dean Soumittra Dutta discussed New York – the Epicenter of Creativity and Transformation. He described Cornell Tech in New York City and its implications on disruption in Higher Ed and economic development: An alternative ecosystem to Silicon Vally that combines business education, computer science and engeneering while being close to Business. The ambitious vision is to transform New York ‘s economy by horizontally affecting existing industries with innovative technological disruption. The incredibly resourced poject showed innovation by an interdisciplinary set-up going so far that faculty hiring decision are done by an interdisciplinary committee, faculty offices were abandoned and impact became a promotion criterion for faculty.

Creating sustainable ecological and financial systems was discussed in the final session titled Unconventional Leadership in a Complex World: social innovation through partnership & creative thinking. Tijuana was one of the most dangerous cities on earth according to homicide statistics and the place where Torolabs works, an art collective that creates change on the microlevel by applying social innovation. Leveling canals, buidling farms, bringing together architects, artists, psychologists, business men, researchers, MBA students and engineers to create a community in the middle of the most dangerous hot spots of Mexico led to a 85% decrease of the crime rate. Participants saw a wonderful example how impactful change is possible.

Questions for reflection to take home:

  • Is social media adequately embraced by academia?
  • What is the importance/impact of machine learning for your school and business in general?
  • What should business schools be doing other than teaching students to get a job?
  • How are you adapting to the different behavior of younger generations (shorter attention spans, listening skills)?
  • Are you comfortable with embracing change? Are you comfortable with the uncomfortable? How to prepare for what's coming next?
  • Are you, your students, your alumni, your institution lifelong learners?
  • Should business schools be managing expectations upon graduation? Who is to blame? Parents, business schools?
  • Do your programmes teach failure?
  • Are you ready for the technological change that affects almost all industries?

CEIBS Reveals Its Local and International Impact

EFMD_Blog_header_BSIS_CEIBS

The China Europe International Business School (CEIBS) has a significant impact on Shanghai, where its main campus is located, and its influence extends well beyond China, according to a recent Business School Impact System’s report. CEIBS is the first Chinese business school whose influence has been evaluated by the EFMD Global Network’s Business School Impact System.


"It is important to keep in mind that the strategy of CEIBS is a global strategy and that the international development of its other campuses has an impact on Shanghai and China in terms of knowledge transfer and international training of Chinese managers," notes the report.

The BSIS assessed seven broad areas where CEIBS' influence can be seen in Shanghai: financial, educational, business development, intellectual, regional, societal and image. In terms of financial impact, the BSIS estimates that CEIBS contributes more than RMB 2 billion per year to the Shanghai economy and could increase that amount by more than RMB 200 million if it increased the number of students by 10%.

The report also highlighted the roles CEIBS plays in providing a world-class education in its capacity as an international business school headquartered in China. “CEIBS is a major provider of high-level executive education (of senior managers and CEOs)," notes the report. It also highlighted the school's well-earned reputation, at the Chinese government level, for educational excellence.

In assessing the impact that CEIBS has had on business development in Shanghai, the BSIS looked at the number of new businesses created, as well as how students and faculty support existing enterprises. It found that "CEIBS has a very significant impact on the economy of the Shanghai region thanks to the resources brought through internships, consulting missions by students and professors and, above all, through the dynamism of the entrepreneurial ecosystem created by the School". It estimates CEIBS' financial impact in terms of business development in Shanghai at around RMB 9.5 million. Moreover, almost 400 of the school's foreign alumni work in the city.

The school was also lauded for its intellectual impact as well as for how it has become an integral part of life within the Jinqiao community, and Shanghai as a whole. The report highlights the school's good relationships with the main private and public sector players (both Chinese and international); and its role in training faculty from other Chinese universities.

Corporate Social Responsibility (CSR) has long been an integral part of CEIBS. "Thanks to the content of the courses on CSR and to students' activities, CEIBS is an important driver of change in a context where CSR has become essential."

Finally, the BSIS report looked at CEIBS' image within Shanghai, across China, and internationally. Its findings highlighted the role CEIBS plays in making Shanghai an even more attractive place to live and work.

“We would like to warmly congratulate CEIBS for having undergone the BSIS assessment process and being awarded the BSIS label which is a sign of international appreciation for the schools who consider their impact as vital. CEIBS is a striking example of the huge impact that a business school specialising in Executive Education can have on a global market,” said Michel Kalika, who, together with Gordon Shenton, is one of the two co-directors of BSIS.

“Demonstrating the many ways in which business schools add economic and social value to the environment in which they operate has become a challenge. BSIS is an effective tool to help schools identify, measure and communicate all the positive contributions they make to the world around them," added Gordon Shenton, BSIS co-director.

About the Business School Impact System
The Business School Impact System (BSIS) scheme is designed to determine the extent of a school’s impact upon its local environment – the city or region in which it is located. The BSIS process is offered in a joint venture between EFMD Global Network and FNEGE as a service to EFMD members in any part of the world.

To learn more about BSIS, please visit the BSIS website or contact This email address is being protected from spambots. You need JavaScript enabled to view it..

Sixth International Business School Shanghai Conference in October 2016

300x600With the support from EFMD Global Network, the Sixth International Business School Shanghai Conference (IBSSC) hosted by Antai College of Economics and Management (ACEM), Shanghai Jiao Tong University, will be held on 16-18 October 2016.

With the theme of “Technology and Management”, this conference will foster in-depth discussion on the interaction between the development of technology and management education.

Indeed, recent years have witnessed revolutions in communication, management strategies of enterprises, digital technology and new media. Scientific and technological developments inevitably lead to innovations in both theory and practice in management, which in turn drives further scientific and technological developments. A phenomenon that will surely continue. 

As we celebrate the 120th anniversary of Shanghai Jiao Tong University, more than 250 deans from leading business schools and key business education stakeholders will gather at the Antai College of Economics and Management. Participants will exchange views and further explore the development of business schools, while promoting cooperation between business education in China and other countries. To date, the following professors have confirmed to deliver speeches at this year IBSSC:

  • Prof. Edward Snyder, Dean of Yale School of Management, Yale University, USA
  • Prof. Peter Todd, Dean of HEC Paris, France
  • Prof. Bernard Yeung, Dean of NUS Business School, National University of Singapore, Singapore
  • Prof. G. "Anand" Anandalingam, Dean of Imperial College Business School, UK
  • Prof. James G. Ellis, Dean of Marshall School of Business, University of Southern California, USA
  • Prof. Gregory Whitwell, Dean of The University of Sydney Business School, Australia
  • Prof. Kalok Chan, Dean of CUHK Business School, The Chinese University of Hong Kong, Hong Kong, China
  • Prof. Hirokazu Kono, Keio Business School, Keio University, Japan
  • Prof. Zvi Wiener, Dean, School of Business Administration, The Hebrew University, Israel
  • Prof. Robert Helsley, Dean of Sauder School of Business, University of British Columbia, Canada
  • Prof. Srilata Zaheer, Dean of Carlson School of Management, University of Minnesota, USA
  • Prof. Gregory Whitwell, Dean of The University of Sydney Business School, Australia
  • Prof. María de Lourdes Dieck Assad, Dean of EGADE Business School, Tecnológico de Monterrey, Mexico
  • Prof. Ira Solomon, Dean of Freeman School of Business, Tulane University, USA
  • Prof. Scott DeRue, Dean of Ross School of Business, University of Michigan, USA
  • Prof. Assylbek Kozhakhmetov, President, Almaty Management University, Kazakhstan
    Speaker: Prof. DING Yuan, Vice President and Dean, China Europe International Business School (CEIBS), P. R. China
  • Prof. Branislav Boricic, Dean of Faculty of Economics, University of Belgrade, Serbia
    Prof. XIE Danyang, Dean of Economics and Management School, Wuhan University, P. R. China
  • Prof. Sergey Myasoedov, Vice-Rector of the Russian Presidential Academy of National Economy and Public Administration (RANEPA), Russia
  • Prof. Bill Glick, Dean of Jones Graduate School of Business, Rice University, USA, and Chair of AACSB Board of Directors
  • Mr. Sangeet Chowfla, President & CEO, GMAC
Who should attend?

  • Presidents and Vice Presidents, Deans/Directors/Rectors and Associate Deans/Directors/Rectors from leading business schools, colleges and universities worldwide
  • Directors of international accreditation
  • Top executives from international organisations in the business education industry
For those registered to the conference, EFMD Global Network will host a free session on Market Trends, Quality & Accreditations, from the afternoon of 18th until the morning of 19th, to provide the conference participants with an opportunity to learn more about the EFMD Global Network services for our member organisations. To mention but a few key services, we will talk about EOCCS (Online Course Certification System) – an international online course certification system designed to evaluate the quality of online business and/or management-related courses that either stand-alone or constitute part of a certificate or programme, and the Job Fair for PhD and DBA in Management, where best international schools from around the world will have the opportunity to recruit new talents for their academic teams.

For more information please visit the event's website.

Registration is available here.

Nineteen Business Schools Awarded with BSIS Impact Label

Since its launch in 2014, BSIS, run as a joint venture between EFMD Global Network and FNEGE, has successfully assessed nineteen business schools all over the word.

Please have a look at what the value of the BSIS process was for the Schools, what tangible outcomes the BSIS process brought in terms of showcasing their impact on the local environment and in terms of raising impact awareness with regard to the Schools' internal and external stakeholders.

In order to formally recognise the efforts schools put into undertaking the impact assessment exercise, EFMD Global Network officially transformed BSIS - Business School Impact Survey into BSIS - Business School Impact System and agreed to confer the BSIS Label upon all the schools which have gone through the impact assessment exercise. The objective of the Label is to recognise business schools that are aware of the importance of measuring and assessing their impact not just within the management education community, but within society at large.

Nineteen Schools, including SKEMA Business School, AUDENCIA Nantes, Corvinus University of Budapest, EM Normandie, Grenoble Ecole de Management, Groupe ESC Troyes, Groupe ESC PauGroupe Sup de Co La Rochelle, HEC ULg Liège, IAE de Bordeaux, IAE de Grenoble, IAE de Lyon, IAE Nice, Montpellier Business School, San Telmo, Sobey School of Business, Toulouse Business School, University of St Gallen & USEK Lebanon were awarded with the BSIS Label during the EFMD Annual Conference in Rome on 12-14 June 2016. Many congratulatuons!

The BSIS scheme identifies the tangible and intangible benefits that a business school brings to theLogo BSISystem HR community. At the heart of the BSIS measurement process is a framework of around 120 indicators covering financial, economic, societal and image dimensions of impact.

"Demonstrating the many ways in which they add economic and social value to the environment in which they operate has become a challenge for business schools. To meet this demand for greater accountability, BSIS is an effective tool to help schools identify, measure and communicate all the positive contributions they make to the world around them," said Prof. Gordon Shenton, who, together with Prof. Michel Kalika, IAE Lyon, has been appointed one of the two co-directors of BSIS.

"I am really proud that we can now offer a tangible sign of international appreciation for the tremendous work the schools put in collecting and analysing data on their impact on the local environment. The label also raises the internal awareness within the business schools, proving their relevance, meaning and real impact on the community. It is a seal of recognition for the schools who consider their impact as vital," added Prof. Michel Kalika, BSIS co-director.

If you would like to receive further information or are interested in your school taking part, please visit www.efmdglobal.org/bsis or contact: Gordon SHENTON: This email address is being protected from spambots. You need JavaScript enabled to view it.  Michel KALIKA: This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it..

Internationalisation Strategies in Higher Education

NBEAC’s 3rd Deans and Directors Conference that took place on 17-18 February 2016 in Lahore, Pakistan.

The conference, origanised by the National Business Education Accreditation Council, gathered more than 300 participants, among which more than 100 Deans, which make it the largest gathering of Deans and Directors of business schools outside of India, USA and Europe.

The topic of the conference was how to strengthen business schools through partnerships.

Pakistan 2Dr. Christophe Terrasse, Director, International Projects, EFMD, delivered a keynote speech on internationalisation strategies, during the inaugural session of the conference. He underlined that internationalisation is now compulsory for HEIs, as it is now requested by all the stakeholders, whether they are students, faculty or corporates.

However, there is no “one size fits all” model when it comes to the internationalisation and each institution should carefully design its strategy and allocate proper resources for its implementation. In doing so, the institutions should capitalise on their existing networks (faculty, alumni, corporations) and take advantage of the platform offered by existing international networks.

They should avoid the common mistake of reducing the notion of internationalisation to passport counting or teaching in English. Internationalisation is much more than this and encompasses ‘internationalisation at home’, i.e. going beyond physical mobility, and internationalisation of the curriculum.Pakistan 1

EFMD has a long standing cooperation with NBEAC and regularly provides resources for training in the field of accreditation and quality assurance, joint activities and participation to the NBEAC conference.

EFMD also led a regional EU-funded project that initiated a regional accreditation system for business education in South Asia (India, Pakistan, Sri Lanka and Bangladesh).

EFMD counts three members institutions in Pakistan: Institute of Business Administration (IBA), Karachi, UMT - University of Management and Technology, Lahore and the NBEAC-National Business Education Accreditation Council.

Launch of the Business School Impact System (BSIS) Label

BSIS logo
Launch of the Business School Impact System (BSIS) Label

Since its launch in 2014, BSIS - Business School Impact Survey, run as a joint venture between EFMD Global Network and FNEGE, has successfully assessed 19 business schools & 24 campuses all over the word, including SKEMA, IAE Lyon, St.Gallen and USEK Lebanon.

Thomas Bieger, President of University of St.Gallen in Switzerland said: “The University of St.Gallen is a cantonal/state school with an international role. Less than 10 percent of our students are from the region, but our university needs the support of the local citizens when, for example, it needs new buildings or other infrastructure (...) For us, the BSIS impact assessment not only helps to create a transparent scheme for impact measurement and improves our strategy by fruitful inputs and benchmarking, but it also significantly increases internal awareness of the importance of regional legitimation."

 At a time when all organisations are increasingly being held accountable for their activities, there is often a need to demonstrate with well-documented evidence the impact that they have on their immediate environment.

 The BSIS scheme identifies the tangible and intangible benefits that a business school brings to the community. At the heart of the BSIS measurement process is a framework of around 120 indicators covering financial, economic, societal and image dimensions of impact.

In order to formally recognise the efforts schools put into undertaking the impact assessment exercise, EFMD officially transformed BSIS - Business School Impact Survey into BSIS - Business School Impact System and agreed to confer the BSIS Label upon schools going through the impact assessment process. The decision was taken by the EFMD Board at the 2016 EFMD Deans & Director General Conference in Budapest.

The objective of the Label is to recognise business schools that are aware of the importance of measuring and assessing their impact not just within the management education community, but within society at large. The Label will be also awarded retroactively to the schools that have gone through the process since its launch.

"Demonstrating the many ways in which they add economic and social value to the environment in which they operate has become a challenge for business schools. To meet this demand for greater accountability, BSIS is an effective tool to help schools identify, measure and communicate all the positive contributions they make to the world around them," said Prof. Gordon Shenton, who, together with Prof. Michel Kalika, IAE Lyon, has been appointed one of the two co-directors of BSIS.

"I am really proud that we can now offer a tangible sign of international appreciation for the tremendous work the schools put in collecting and analysing data on their impact on the local environment. The label also raises the internal awareness within the business schools, proving their relevance, meaning and real impact on the community. It is a seal of recognition for the schools who consider their impact as vital," added Prof. Michel Kalika, BSIS co-director.

If you would like to receive further information or are interested in your school taking part, please visit www.efmdglobal.org/bsis or contact: Gordon SHENTON: This email address is being protected from spambots. You need JavaScript enabled to view it.  Michel KALIKA: This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it..

Value of EDAF - EFMD GN Deans Across Frontiers: Videos

In a few short videos, Michael Osbaldeston, EFMD Director of Quality Services, and Christian Delporte, EDAF Director, talk about EDAF - an assessment and mentoring system for Business Schools.

In the full interview - available here - Michael and Christian explain the value of EDAF and how it fits into EFMD’s wider social responsibility, the mentoring aspect of EDAF, who can benefit from the system, the process and cost involved, as well as a possible path towards EPAS and EQUIS accreditations.
EDAF logo15 LR
“What has pleased us most about the EDAF mentorship is that the process is a collective one, directed towards the needs of the institution. Our experience has been one of unity and collaboration across departments and teams looking to improve our processes of internationalisation, research and teaching.”
Ms Gisele Becerra, Undergraduate Programmes Director, CESA, Colombia


Please find below direct links to the podcasts where we answer the following questions:

1. What is EDAF?

2. How did the need for EDAF arise?

3. Who is EDAF for?

4. What is the current status of schools involved in EDAF?

5. How does the EDAF process work?

6. How does the mentoring process within EDAF work?

7. How EDAF can help a school on a path towards EQUIS or EPAS accreditation?

8. What are the benefits for schools taking part in EDAF?

9. How does EDAF fit into EFMD’s wider social responsibility?

10. What are the costs involved in going through the EDAF process?

11. What are the long term hopes for EDAF?

The whole playlist with all the individual videos can be accessed via the following link or by pasting the following URL http://bit.ly/1JKD8i5

Learn more about the EDAF: download EDAF brochure in English and Spanish or access directly EDAF webpage.

2015 EFMD GN Asia Annual Conference

EFMD GN Asia Annual Conference 2015

The EFMD Global Network Asia Annual Conference has been designed for all those interested in management education and development. It brings together EFMD Global Network members, companies, educational institutions and other associations that have an interest in the Americas.

2015 EFMD GN Americas Annual Conference

EFMD GN Americas Annual Conference 2015

The EFMD Global Network Americas Annual Conference has been designed for all those interested in management education and development. It brings together EFMD Global Network members, companies, educational institutions and other associations that have an interest in the Americas.