Event

EFMD Advisory Seminar - Structuring Teaching and Research Incentives: How to Attract and Retain Faculty

Hosted by: EFMD

The event will start on: 25 Sep 12 07:00
And will end on: 25 Sep 12 15:00

Location: Brussels, Belgium
Contact:
robin.hartley@efmd.org

Seminar Objectives

Attracting and retaining highly qualified faculty is one of the most important drivers of business school performance.
The systemic underproduction of junior faculty combined with the rising international mobility of faculty of all ranks puts added pressure on business school managers to design an incentive mix, which assures adequate performance, while keeping faculty members satisfied at the same time.

Casual empirical data indicates that many business schools are struggling with this issue. Teaching is often evaluated with the exclusive reliance on student evaluations, which can easily be manipulated by experienced teachers. More and more business schools have begun to incentivize research with financial bonus systems, which certainly help to foster equity in faculty pay, but at the same time, do not seem to be particularly effective in encouraging more and better research.

Overall, deans are faced with tough choices of how to balance “carrots” and “sticks”, how to tailor incentives around the individual faculty member’s strengths and how to ensure that the faculty contributes to school development beyond degree teaching and research. The purpose of this seminar is to flag the critical issues and to enable participants to learn from each other.

Seminar Speakers
Seminar participants will be able to debate these issues with three experienced senior business school executives.
Ulf Henning Olsson, Senior Vice President of Research and Academic Resources at BI Norwegian Business School, will lead the discussion on how to properly manage faculty incentives in teaching and how to balance expectations with respect to teaching and research. Wilfred Mijnhardt, Executive Director, ERIM & Policy Director at Rotterdam School of Management, will discuss the opportunities and challenges of managing faculty incentives in research. Finally, Udo Steffens, President of the Frankfurt School of Finance & Management, will broaden the discussion by looking at this issue from the perspective of a business school with significant activities outside of research and degree teaching. Ulrich Hommel, Director, Research & Surveys at EFMD and Professor of Finance at EBS Business School, will lead the seminar and will also address the relevance of faculty incentives from an accreditation perspective.

Target audience
Deans, Associate Deans (Teaching & Learning, Research), other senior executives of business schools involved in faculty management

You can book accommodation by following the link below.

hotel booking

More Information

Programme

MONDAY, 24 September 2012
19:30 – 22:30 Welcome Dinner (Place TBC)

 

TUESDAY, 25 September 2012 (Location: EFMD premises)
09:00 – 09:10 Welcome and Introduction
  • Ulrich Hommel, EFMD
09:10 – 09:30 Role and Relevance of Faculty Incentives in Business School Management: Learning Points from Accreditation Experience
  • Ulrich Hommel, EFMD
09:30 – 10:00 Working Groups (Moderated by Seminar Speakers)
Inventory of Achievements, Barriers, Challenges and Opportunities
10:00 – 10:30 Feedback from Working Groups: Open Discussion
10:30 – 11:00 Coffee Break
11:30 – 12:30 Designing and Managing Research Incentives: The Perspective of a Research-Based Business School
  • Wilfred Mijnhardt, Rotterdam School of Management, NL
12:30 – 13:30 Lunch
13:30 – 14:30 Designing Incentives to Encourage Excellence in Teaching and Research: Encouraging Faculty to Prioritize Teaching
  • Ulf Henning Olsson, BI Norwegian Business School, NO
14:30 – 15:30 How to Ensure that Faculty Contributes to Wider School Development?: The Perspective of an Entrepreneurial Business School
  • Udo Steffens, Frankfurt School of Finance & Management, D
15:30 – 15:45 Coffee Break
15:45 – 16:30 Working Groups (Moderated by Seminar Speakers)
Developing a menu card of management instruments: What works, what does not, how to use the different instruments effectively?
16:30 – 16:50 Feedback from Working Groups: Open Discussion
16:50 – 17:00 Summary and Conclusion
  • Ulrich Hommel, EFMD