Join EFMD's Special Interest Group on "Management Development 2.0 – Applicable, innovative, and high-impact solutions for Management & Leadership Development"

teamworkThe EFMD Management Development 2.0 (MD 2.0) Special Interest Group (SIG) is taking shape with the following companies confirmed as participants: Deutsche Telekom, ERGO Insurance group, Allianz, Capgemini, Credit Suisse, Eli Lilly, Metro, Rabobank, and Swiss Life. If you are interested in engaging with peers on this topic, then please do not hesitate to let us know as there is still time to join!   

In the past two decades expectations of management development have grown significantly. Companies invest billions in development activities and the installation of new units – Corporate Universities, Talent Management, Top Executive Programs etc. – in order to develop their leadership and management potentials. However, the question of impact gives us cause for serious concern. Both the majority of MD customers and MD experts currently do not believe in the effectiveness of development measures. Only a third of leaders and HR professionals rate MD efforts as sufficiently effective.

The EFMD SIG initiative will be action-oriented and output driven, providing an MD-solution–portfolio which gives participants a clear orientation on how they could improve established leadership / management development activities. Considering that there are several determinants for MD performance (e.g. architecture, processes, methods, vendors, evaluation), the SIG will consistently search for the most effective and applicable solutions for each area.

Prof. Dr. Mario Vaupel, former founder and Head of ERGO Management Academy at ERGO Insurance Group with 20 years experiences in management development, will facilitate the SIG for EFMD.  Prof. Dr. Karlheinz Schwuchow, former Dean of the LIMAK Austrian Business School and Professor for International Human Resource Management at Johannes Kepler University Linz, has accepted to join our group. Karlheinz has extensive experience in teaching and research in the area of international human resources management and leadership development. He will contribute greatly in bringing his experience and research inputs and also reenforce the knowledge capture of our group work.  Deutsch Telecom and ERGO Insurance group have committed to take the lead role in this group for experience and best practices sharing.

Details of the how the SIG works, as well as the duration and pricing information is available online. The kick off will take place soon via a Webex session in April. I invite you to take advantage of this tremendous opportunity to leverage best practice, utilise leading experts and collaborate with peers to deliver real value for your organisation.  

Please contact shanshan.ge@efmd.org for more information and registration.

EFMD High Level Roundtable at the 2012 European Business Summit

ebsEFMD is engaged in a discussion with the European Commission to demonstrate 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 instruments are essentially directed towards hard sciences and technology. Management as a social technology is almost non-existent in the EU programmes and is underestimated in its importance for the value creation process.

At the European Business Summit in April, EFMD will organise a roundtable on this subject with the theme “Management Skills for Growth” in line with the overall EBS theme “Skills for Growth” This invitation-only event is to take place on Thursday, the 26th April 2012 from 9h to 10h45, with a maximum of 30 participants. Potential invitees include senior policy makers and leaders from Business Schools and Businesses. The opening statements of this roundtable will be given by:

  • Professor Santiago Iniguez, Dean, IE Business School
  • Dr. Alexander Von Gabain, Chairman of the Governing Board, European Institute of Innovation and Technology
  • Mr. Adrain Wooldridge, Management Editor, the Economist
Dr. Richard Straub, Director of EFMD EU Affairs and Corporate Services, will chair and facilitate the discussion at the roundtable. At the session, the following topics shall be addressed:

  • Management skills and competencies as the blind spot in the European Programmes?
  • How important are management skills and how they can translate research into value?
  • What proof points we have to demonstrate the value of management skills?
  • How can management skills, including entrepreneurial and innovation-oriented competences, to be better embedded in EU polices and programmes?

It is also important to note that the output of this roundtable will serve to inform policy makers about the importance of management skills, including entrepreneurial and innovation competences, on enhancing value creation of innovation and growth in Europe.

If you have any questions regarding this roundtable, please contact Ms. Jocelyne Wang at Jocelyne.wang@efmd.org.  For general information on the summit, please visit the EBS website.

For more on EFMD's EU Affairs: http://www.efmd.org/index.php/eucooperation-main/european-affairs-at-efmd/policy-work and http://efmd.blogactiv.eu/

Airbus launches Fly Your Ideas Student Challenge - Topics for €30,000 prize revealed to universities worldwide

airbusAirbus has unveiled the topics for its latest Fly Your Ideas challenge (FYI 2013) giving students worldwide the chance to help shape the future of flight. FYI 2013 asks students to develop ideas for the eco-efficient aviation industry of the future. Proposals must address key issues facing the industry: “Energy”; “Efficiency”; “Affordable Growth”; “Traffic Growth”; “Passenger Experience”; or “Community Friendliness.”  It is part of the aircraft manufacturer’s Future by Airbus programme – a vision of sustainable air travel in 2050.  The winners will share the top prize of €30,000; the runners-up €15,000.
 
“Solutions will require thinking out of the box,” says Charles Champion, Executive Vice President Engineering at Airbus and FYI 2013 patron. “At Airbus we work in a world of unobtainiums, solutions for seemingly impossible challenges that shape the way we live – like those that made air travel a reality. We want students to adopt that innovative spirit in FYI 2013.”
 
In giving students the chance to work on future challenges, Airbus aims to better equip the future global talent pool. University students of any nationality or discipline – from engineering to marketing; business to science; information technology to design – are invited to apply.
 
“It is diversity that makes a difference,” Champion adds. “FYI 2013 attracts a broad spectrum of talented students and gives them the opportunity to work with us on the challenges we face and the opportunities they hold for aviation in tomorrow’s world.”
 
The challenge complements the Going Global conference, at which the “future world” and “connected world” are high on the agenda.  For the international higher education community in attendance, it is a rare opportunity for students to work with industry and business leaders.  In FYI 2013 students and their academic mentors will have access to both an Airbus mentor to support the overall direction of their project and an Airbus expert in their chosen field.
 
The launch follows the success of FYI 2011 which drew entries from more than 2,600 students representing 287 universities and 75 countries. ‘Team Wings of Phoenix’ from China’s Nanjing University of Aeronautics and Astronautics won with their ground-based wind power generation system that exploits the wakes of aircraft during take-off and landing. Xinyuan Zheng, spokesperson for the team, said: “To participate in the 2011 Airbus Fly Your Ideas challenge was a great experience for us and we were very proud to win.”
 
To enter, students must register as a team of three to five members at www.airbus-fyi.com

Registration opens in May 2012, with the competition commencing in September.
 
2011 Finalists
 
CHILE
Team Condor from the Universidad Técnica Federico Santa María in Chile won the runner-up prize of €15,000 for a novel alternative design for aerodynamic speed brakes to recover energy for on-board reuse.  All team members have been offered an internship at Airbus.
 
SPAIN
Spanish team ‘Ecolution’, from the Universidad Pontificia Comillas de Madrid, collected the Best Video prize for the creative way they presented a project on light-weight natural fibre composites in aircraft cargo containers.
 
INDIA
Team O3 from the Indian Institute of Technology Roorkee made it to the final, for which they were flown to Paris.  Whilst their innovative approach to prevent aircraft icing by using water-repelling polymer coatings did not claim top prize, all team members have been offered an internship at Airbus.
 
MALAYSIA
Team Msia on Mars from the Universiti Kuala Lumpur Malaysian Institute of Aviation Technology made it to the final, for which they were flown to Paris.  Whilst their idea to use biodegradable materials from Kapok tree fibres for thermal and acoustic insulation blankets used for aircraft cabins did not claim top prize, all team members have been offered and internship at Airbus.
 
SWEDEN
Team SSE from Stockholm School of Economics made it to the final, for which they were flown to Paris. Whilst their formulation of an ECO points scheme to promote environmentally-friendly flying did not claim top prize, all team members have been offered an internship at Airbus.
 
Airbus Press Office
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31707 Blagnac Cedex, France
Phone +33 (0)5 61 93 10 00
Fax +33(0)5 61 93 38 36
E-mail  media@airbus.com

MBA Still Top Choice for Prospective B-School Students - Reputation and Career Outcomes Key to Where Prospects Want to Study

prospectivestudents12 series 150The growing popularity of specialized master’s programs has not diminished interest in MBA programs, rather a new segment in the prospective student population is emerging, based on findings in a new report from the Graduate Management Admission Council. Among all prospective students surveyed, 55 percent indicated that they are only interested in attending an MBA program (this has remained steady over the last three years), while 18 percent of prospective students are only considering a specialized master’s program, up from 13 percent in 2009.

The mba.com Prospective Students Survey results for the first time offers insight into the reasons why prospects choose study destinations. Similar to GMAT score sending patterns, the top three preferred destinations were the United States, United Kingdom, and Canada. Reputation of a country’s educational system was the most cited reason for choosing a specific destination. Prospective students intending to study in the U.S. cited better career preparation, whereas improved chances for an international career was cited for non-U.S. destinations. Notably, affordability was cited among respondents selecting Canada, Singapore, and India.

“Prospective students have more information and more options with program choice than ever before,” said Dave Wilson, president and CEO of GMAC. “But as the dark economic clouds continue to dissipate, the challenge of meeting the financial costs of a graduate management program is very much on their minds.”

Fewer respondents cited economic reservations as a constraint to pursuing a graduate management degree compared with three years ago. Yet, when choosing a specific program to apply to, financial considerations have become more important. Potential students say they will rely more on personal savings and family support than on loans, grants and other aid.

The GMAC mba.com Prospective Students Survey includes responses from 16,000 people who registered on mba.com in 2011. With more than 56,000 aspiring management students providing feedback about their motivations, behaviors, program choices, and intended career outcomes over the past three years, it is one of the largest surveys of its kind. Results are based on a year-long poll of registrants to the mba.com website, a resource for prospective graduate students and portal to schedule GMAT exam appointments. Each month, a random sampling of those who registered on the site three months earlier is surveyed.

The 2012 GMAC mba.com Prospective Students Survey Report is available at gmac.com/ProspectiveStudents. Visit the GMAC News Center (gmac.com/newscenter) to access an interactive tool with data from the survey.

About GMAC and the GMAT exam
The Graduate Management Admission Council (www.gmac.com) is a nonprofit education organization of leading graduate business schools and owner of the Graduate Management Admission Test (GMAT® exam), used by almost 5,400 graduate business and management programs worldwide. GMAC is based in Reston, Virginia, and has regional offices in London, New Delhi and Hong Kong. The GMAT exam—the only standardized test designed expressly for graduate business and management programs worldwide—is continuously available at nearly 600 test centers in over 110 countries. More information about the GMAT exam is available at mba.com.

Call for Papers - Practical Wisdom for Management from the Indian Spiritual Traditions

eabisPractical Wisdom for Management from the spiritual and philosophical traditions - Can managers learn to be wise?

EABIS and Yale University, supported by EFMD, are organising a series of international conferences on practical wisdom for management from the world’s spiritual and philosophical traditions, addressing the central question: How can we bring back the value of wisdom in management and management education? The conferences are, on each occasion, followed by a special issue of The Journal of Management Development and a book series. They are designed to bring together philosophers, theologians, management scholars and business leaders to engage in reflection and dialogue and to find new grounding for management practice.

After the recent conference on Practical Wisdom for Management from the Indian Spiritual Traditions organised by IIMK – Indian Institute of Management Kozhikode on January 12-13 2012, EABIS is now delighted to launch a Call for Papers for a Special Issue of the Journal of Management Development.
 
The key focus of the issue will be on conceptual innovation and practical application to enhance the field of management development thinking, practice, and research. We will therefore welcome contributions that explore the nature and contemporary relevance of the Indian wisdom traditions for management and management education.
 
Please download here the call for papers; submission deadline is 3 September 2012.
 
For more information on the series of conferences on practical wisdom for management from the world’s spiritual and philosophical traditions – organised by EABIS and Yale University – please visit the EABIS website.

Jeremy Rifkin will be the Opening Keynote Speaker at the EFMD Annual Conference

jfWe are delighted to announce that Jeremy Rifkin will give the Opening Keynote Address at EFMD's Annual Conference (May 13-15) that will be hosted by SKEMA Business School in Sophia Antipolis, France and chaired by Santiago Iñiguez, Dean of IE Business School in Spain.

Jeremy Rifkin is president of the Foundation on Economic Trends and the bestselling author of nineteen books on the impact of scientific and technological changes on the economy, the workforce, society, and the environment. His books have been translated into more than thirty five languages and are used in hundreds of universities, corporations and government agencies around the world. His most recent books include The Third Industrial Revolution, The Empathic Civilization, The Hydrogen Economy, The European Dream, The End of Work, The Age of Access, and The Biotech Century. The focus of his talk will be his latest book - The Third Industrial Revolution: How Lateral Power is Transforming Energy, the Economy and the World.

The Industrial Revolution, powered by oil and other fossil fuels, is spiraling into a dangerous endgame. The price of energy and food is climbing, unemployment remains high, the housing market has tanked, consumer and government debt is soaring, and the recovery is slowing. Facing the prospect of a second collapse of the global economy, humanity is desperate for a sustainable economic game plan to take us into the future. Here, Jeremy Rifkin explores how Internet technology and renewable energy are merging to create a powerful “Third Industrial Revolution.” He asks us to imagine hundreds of millions of people producing their own green energy in their homes, offices, and factories, and sharing it with each other in an “energy internet,” just like we now create and share information online.
Rifkin describes how the five-pillars of the Third Industrial Revolution will create thousands of businesses and millions of jobs, and usher in a fundamental reordering of human relationships, from hierarchical to lateral power, that will impact the way we conduct business, govern society, educate our children, and engage in civic life. Rifkin’s vision is already gaining traction in the international community. The European Union Parliament has issued a formal declaration calling for its implementation, and other nations in Asia, Africa, and the Americas, are quickly preparing their own initiatives for transitioning into the new economic paradigm. The Third Industrial Revolution is an insider’s account of the next great economic era, including a look into the personalities and players — heads of state, global CEOs, social entrepreneurs, and NGOs — who are pioneering its implementation around the world.

The theme for the Annual Conference is “Beyond Maturity: Innovating in Management Education” and the event will give you the opportunity to discover innovative approaches to research management, strategy, public policy, executive education, programme portfolio and more. Please do not miss out on the opportunity to hear outstanding speakers, catch up with the latest trends and developments whilst also networking with your colleagues and peers from around the globe.

If you would like further information on the Annual Conference please contact Diana Grote - diana.grote@efmd.org

Gary Hamel and the Reinvention of Management as We Know It

wmn-bookThanks to Stern & Associates for this post!

Gary Hamel's latest book, “What Matters Now: How to Win in a World of Relentless Change, Ferocious Competition, and Unstoppable Innovation,” challenges leaders to rethink their path and reinvent management.

Whether an obstacle or opportunity, the ever-changing stresses of today’s business environment are everywhere – economic strife, the power of social media, start-ups threaten established brands – but to surmount the challenges, leaders must conquer the restraints of outdated management or risk being left behind. Hamel presents five fundamental concerns to be kept front-of-mind: values, innovation, adaptability, passion and ideology. Examining these issues, his book develops an agenda for leaders who are eager to:

  • Reverse the tide of commoditization
  • Defeat bureaucracy
  • Astonish their customers
  • Foster extraordinary contribution
  • Outrun change
  • Build a company that’s truly fit for the future
Through case studies, “What Matters Now” illustrates how organizations of any size will benefit from Hamel’s forward thinking. As Marc Benioff, Chairman and CEO of salesforce.com, says “This is a must-read for anyone who wants to succeed in today’s world.”

Read an exclusive excerpt here: http://www.managementexchange.com/feature/what-matters-now.

For media inquiries, contact Melissa Torra of Wiley at mtorra@wiley.com

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