In 2012 EFMD organised a high level debate with the European Commission on the importance and the value of management research and management education; the notion of management covering the whole spectrum from operational capabilities to leadership competencies and entrepreneurship. EU funding research instruments are for the time being mainly directed towards the hard sciences and technology. Management as a social science is often underestimated in its importance for the value creation process.
At the European Business Summit in April 2012, EFMD organised a roundtable on this subject with the theme “Management Skills for Growth” in line with the overall Summit theme “Skills for Growth”. This exclusive event took place on 26 April 2012. It was attended by some 30 participants, including senior policy makers and leaders from Business Schools and businesses.
The opening statements of the roundtable were given by:
- Mr. Adrain Wooldridge, Management Editor, the Economist on Management's role in value creation: are we carrying our weight in Europe? (moving beyond the 3% obsession)
- Professor Santiago Iniguez, Dean, IE Business School on Why the discipline of Management can make a difference for growth and what it means for management education and research
- Dr. Alexander Von Gabain, Chairman of the Governing Board, European Institute of Innovation and Technology on Embedding Entrepreneurship in European Programs. The example of the EIT
Dr. Richard Straub, Director of EFMD EU Affairs and Corporate Services, chaired and facilitated the discussion at the roundtable. The following topics were addressed:
- Management skills and competencies – The blind spot in the European Programmes?
- How important are management skills and how they can translate research into value?
- EFMD Draft Call to Action: Management Capacity
- the Missing Link to set up value creation and innovation in Europe, May 2012
- EFMD blog entry at Blogactiv, April 2012
- 2012 roundtable report short version (2 pages)
- 2012 roundtable report long version (4 pages)
Key stakeholders were invited to join this workshop to discuss the importance of management & entrepreneurial practice and capacity building for future developments in Europe.
Representatives from the European institutions, the community of management education & research, corporations, think tanks and public services officers were invited to join this dialogue. This workshop was the follow-up of the EFMD Round-Table “Management Skills for Growth” conducted by EFMD at the European Business Summit in April 2012.
The following broad themes were addressed:
- The impact of management practice on future growth in Europe
- Capacity building in the field of management and entrepreneurship
- Potential Joint Call to Action to policy-makers
- Concrete action points for future collaborations of stakeholders in this field
The following questions were debated:
- Good practices and entrepreneurship education
- How can Europe become an entrepreneurial society
- Can we “generate” entrepreneurs and innovation through education
- How can we build capacity for value creation and innovation in Europe
- EFMD-Think Young Joint Response to Commission Entrepreneurship2020 Action Plan, September 2012
- EFMD-EUROCHAMBRES Joint Letter on Entrepreneurship to the Competitiveness Council, July 2012
- EFMD response to the EIT (European Institute of Innovation and Technology) consultation, June 2011
- EFMD response to the EU Research and Innovation Funding consultation, May 2011
- EFMD Discussion Paper for Action: Management, Research and Education, March 2010
- EFMD response to the EU 2020 strategy, January 2010
- Text of the letter sent to President Barroso, July 2009