Two Porto Schools Demonstrate Their Local Impact

EFMD Blog header BSIS Porto
Porto Business School and School of Economics and Management, both at the University of Porto, Portugal, have jointly gone through EFMD Global Network’s Business School Impact System and received the BSIS label for demonstrating with well-documented evidence the impact that both schools have on their local environment.

After the 2008 financial crisis, policy makers began seeking greater evidence of learning institutions’ contributions to the public good and different measures of their accountability to multiple stakeholders. Run by EFMD GN and FNEGE, the BSIS methodology is helping business schools assess and measure their impact on the world around them,” commented José Varejão, Dean at the School of Economics and Management and Ramon O'Callaghan, President of the Executive Board & Dean at Porto Business School, University of Porto.

The BSIS process has been of great value to the University of Porto, its School of Economics and Management and the Business School, as it has offered an opportunity to measure the impact that we produce on the local community and beyond, as well as to reassess the expectations of our main stakeholders regarding our activities,” they added.

Although many discussions have focused on the assessment and measurement of impact, an interesting question concerns the organisational consequences of “impact thinking.” For us, BSIS has been a powerful instrument not only to raise internal awareness but it has also influenced our management agendas as we try to develop an impact-oriented culture in our respective organisations,” both Deans concluded.

Michel Kalika, who, together with Gordon Shenton, is one of the two co-directors of BSIS, said: “We would like to warmly congratulate Porto Business School and School of Economics and Management at the University of Porto 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. It is a wonderful example of two schools working together in the same city, who demonstrate strong synergies and share a common concern for their in impact on Porto, and more globally, on Portugal.

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..

2017 Emerald/EFMD Outstanding Doctoral Research Awards - Apply Now!

171107 ODRA banner 2
EFMD and Emerald Group Publishing seek to celebrate excellence in research by sponsoring the 2017 Emerald/EFMD Outstanding Doctoral Research Awards.

Award-winning entries will receive a cash prize of €1,000 (or currency equivalent), a certificate and a winners' logo to attach to correspondence. In addition, a number of Highly Commended Awards will be bestowed.

This year, you can sumblit your doctoral research in one of the three new entry categories!

·         Tourism and Hospitality Management
Category sponsored by Tourism Review
·         Marketing
Category sponsored by European Journal of Marketing
·         Finance
Category sponsored by Managerial Finance
·         Operations and production management
Category sponsored by International Journal of Operations & Production Management
·         Logistics and supply chain management
Category sponsored by International Journal of Physical Distribution & Logistics Management
·         Educational leadership and strategy
Category sponsored by Journal of Educational Administration
·         Management and governance
Category sponsored by Management Decision
·         Human resource management
Category sponsored by Personnel Review
·         Leadership and organization development
Category sponsored by Leadership & Organization Development Journal
·         Health Care Management
Category sponsored by Journal of Health Organization and Management

You can check out the 2016 Winners and earlier years here.

This year's closing date for applications is 15 January 2018.

The entries will be judged by the Editor(s) and at least one Editorial Advisory Board member of theemerlad publishing logo sponsoring journal.

Entries will be judged on the following criteria: Significance/implications for theory and practice, Originality and innovation, Appropriateness and  application of the methodology, and Quality of data/research.

All details on the 2017 ODRA as well as a FAQ can be found here. The application form is available here.

Effects of a Country’s Reputation on Business School Brands

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Whilst the USA and the UK remain the two most popular destinations for international business students, a new study by CarringtonCrisp in association with EFMD, reveals that 40% and 28% of students respectively, are less likely to consider studying in the two countries following the election of President Trump and the Brexit Referendum.  

The Business of Branding Study, was conducted amongst almost 1,500 students representing 85 nationalities. It analyses how business schools brand and market themselves, including perceptions of a country’s brand by prospective students.

When deciding where to study, over half (52%) of the study respondents placed a country’s reputation for business education as the most or second most important factor. The cost of study in a country was the most or second most important factor for 40% of respondents.

Following the USA (67%) and the UK (44%), the next most popular countries amongst respondents were Canada (39%) and Australia (38%). A further seven countries were selected by more than 15% of respondents as possible study destinations, including China, France, Japan, the Netherlands, New Zealand, Singapore and Switzerland.

Andrew Crisp, CarringtonCrisp comments: “Understanding why a student may choose a particular country is a vital part of marketing for business schools. Although Brexit was perceived as a negative, in the short term British schools have benefitted from the weakness of the Pound.  In the USA, the negative perceptions generated at the time of the election campaign have been reinforced by travel bans and proposed changes to work visas.”

As part of the study, respondents were asked ten identical statements to gauge their perceptions of five specific countries (Australia, China, Germany, UK and the USA) as destinations for study.

Despite the tightening of UK visa policy over the last few years, respondents perceived that the UK was the easiest of the five countries for gaining visas. The UK was followed by Germany, Australia, China, with the USA perceived as the most difficult in getting a visa.

Conversely the USA was perceived as having the strongest and most dynamic economy, with China, Germany and the UK closely behind and Australia further back. Perhaps not surprisingly, Australia was rated the most highly as offering a sense of adventure and an attractive lifestyle.

Germany scored solidly across most categories. German business schools are a relatively new phenomenon and although several have quickly gained strong reputations, the volume of top schools overall is still low compared with other countries, particularly the UK and USA.

Lastly, China was perceived as the cheapest country of the five to study in and scored well on a sense of adventure and strength of the economy. However, it was perceived as the weakest for offering an attractive lifestyle and was the least likely to be recommended by a friend as a location for attending business school.

Andrew Crisp concludes: “A student’s perception of a country can have a massive effect on the decision to study there and business schools need to be aware of these perceptions. If the perceptions are negative, there are steps to take, such as lobbying collectively for changes to visa regulations, for example. If the perceptions are positive, schools can play up these to emphasise them in their own marketing, such as communicating the lifestyle, economic or sporting aspects of where they are based.”

For more information & press, please contact This email address is being protected from spambots. You need JavaScript enabled to view it..

OBS Business School in Spain Certified by EOCCS

EFMD Blog header EOCCS certification
Many congratulations to the OBS Business School in Spain, whose eleven courses have been recently certified by EOCCS Online Course Certification System.

The following suite of eleven courses at the OBS Business School’s Master’s Degree in Innovation and Entrepreneurship has received EOCCS certification:

  • Module 1:   Knowledge Society and Digital Economy
  • Module 2:   Creative Thinking and Design Thinking
  • Module 3:   Creating New Business Models
  • Module 4:   Innovation Strategies
  • Module 5:   Innovation Management
  • Module 6:   Innovation in Processes
  • Module 7:   Innovation in Products and Services
  • Module 8:   Product Management and Growth Hacking
  • Module 9:   Talent Management
  • Module 10: Business plan and Start-Up Financing
  • Master's Thesis
It is a great pleasure for OBS Business School, a 100% online higher education institution founded in 2006 in Barcelona, to be certified by EOCCS (EFMD Global Network) and be part of a community which is a great platform for sharing online educational opportunities, challenges, best practices and future trends. For us, obtaining EOCCS certification, which is at the forefront of international online management education, has been a very enriching process. We are hoping to contribute actively to the EOCCS community for it to grow and become an international reference for online teaching methods,” commented Noelia Samper, Dean of OBS Business School.

Anne Swanberg, EOCCS Project Director, said: “We are very pleased that the eleven online courses from the OBS Business School have successfully completed the EOCCS - Online Course Certification System. OBS Business School has proven its strong focus on collaborative learning and an innovative approach to governance through the OBServatory.”

"We would like to warmly congratulate OBS Business School for the tremendous work they put into the development of their online courses and for the completion of the certification process. EOCCS gives online courses within universities, business schools, corporate learning organisations and public agencies a top international quality benchmark in the online learning landscape, strengthening not only their market positioning but also allowing for critical self-reflection and peer assessment,” added David Asch, EFMD Quality Services Director.

The system is open to any institution delivering online business and/or management-related courses that are stand-alone or constitute part of a certificate or a programme.

With 35 certified courses from 11 institutions, EOCCS has built an international quality benchmark for online courses worldwide.

If you would like further information or are interested in your online course taking part, please visit the EOCCS website or contact This email address is being protected from spambots. You need JavaScript enabled to view it.

Seven Programmes Re-accredited by EPAS

EFMD would like to warmly congratulate the following programmes and schools who have recently been re-accredited by EPAS:

EPAS logo13 HR- MBA Programme Set: MBA (FT & PT Melbourne, FT Hanoi) and MBA (Advanced)
- Bachelor of Business (Tourism and Hospitality)
La Trobe Business School, La Trobe University, Australia

- Master of Economics
Peking University HSBC Business School, China

- Programme Grande Ecole
EM Strasbourg Business School, University of Strasbourg, France

- Executive MBA
Warsaw University of Technology Business School, Poland

- Executive MBA AESE
AESE Business School, Portugal

- BA (Hons) Business Suite: BA (Hons) Business and Management, BA (Hons) International Business, BA (Hons) Economics and Management, BA (Hons) Business and Human Resource Management, BA (Hons) Business Management and Entrepreneurship, BA (Hons) Marketing
Portsmouth Business School, University of Portsmouth, UK

“The EPAS accreditation is one of the most prestigious programme specific accreditations in the world and we were delighted to hear that our MBA, MBA (Advanced) and Bachelor of Business (Tourism and Hospitality) programmes have been re-accredited signalling the quality of these La Trobe Business School programmes,” commented Paul R Mather, Head of La Trobe Business School.

"Being re-accredited for the second time is an indication of continuous scholarly achievement and international recognition to our programmes in general and to our Master of Economics Programme in particular. It is yet another milestone for Peking University HSBC Business School as we are pursuing our goal to develop graduates who are solid trained, bilingual, and culturally aware. We consider this accreditation the new start of an ongoing, continuous improvement process," said Wen Hai, Founding Dean of Peking University HSBC Business School, Vice Chairman of Peking University Council.

"We are very proud to have achieved EPAS re-accreditation once again for a period of 5 years. It is a recognition of the excellence of our Programme Grande Ecole and acknowledges the School’s commitment to continuous improvement," said Herbert Castéran, Dean of EM Strasbourg Business School. "I would like to thank the EPAS team as the re-accreditation process has been a particularly valuable tool for quality enhancement within a highly competitive national and international environment. My thanks are also directed to the entire EM Strasbourg community and all stakeholders. I look forward to future collective success stories."

"As director of the Warsaw University of Technology Business School, I find the EPAS re-accreditation peer visits a sort of friendly help. I have attended three peer review visits and all of them were inspiring for the school, despite the amount of work and, frankly speaking, a certain amount of stress. The teams have always scrutinised us very carefully, but I have never had the feeling that they were just looking for flaws. Thanks to the EPAS accreditation, we are sure of staying on the track of constant development both for our institution and for the MBA programme as such,"
said Olaf Żylicz, Director of Warsaw University of Technology Business School.

The Dean of AESE Business School, Maria de Fátima Carioca, commented:"The EPAS accreditation process is a clear path to maintain Executive MBA AESE as a top programme, intellectually challenging, with a unique ethos and a global perspective suited to today’s world."

“The achievement of the EPAS accreditation for our BA Business Suite and MSc Business and Management affirms the high quality of education we offer our students, which equips them to become responsible global citizens and achieve their aspirations. We are a community of students, academic and professional staff, alumni and employers, and we work as a team to continually improve the quality of our educational offering. We are all very proud of this recognition,"
added Gioia Pescetto, Dean of Portsmouth Business School.

David Asch, Quality Services & EPAS Director, said: "I would like to warmly congratulate the six institutions that have successfully gone through the EPAS re-accreditation process. Their achievement illustrates these institutions’ commitment to the continuous improvement of the quality of their programmes. The highly demanding EPAS standards ensure that the accredited programmes are designed and delivered so that they are both academically rigorous and have practical relevance for students in today’s global environment."

EPAS was launched in 2005 and in 12 years has had a considerable impact on the quality of business schools programmes all over the world. The programme accreditation from EFMD is one of the most demanding yet effective ways to certify the quality of a programme in the field of business and management.

As of June, 111 accredited programmes from 82 institutions across 38 countries have been awarded EPAS accreditation. For more information on EPAS visit www.efmd.org/epas

Application Trends in Graduate Business Programmes

2017 gmac application trends web releaseThe latest GMAC's Application Trends Survey Report showcases that overall programmes in Europe, Canada, East and Southeast Asia, and India report growing volumes in 2017.

Larger programmes with 201 or more class seats are more likely to report application growth compared with small programmes. 73% of larger programmes reported increased aplication volume compared to 39% in case of smaller programmes with 50 or fewer class seats. The growth among the larger US programs is driven by a resurgence of domestic applications, offsetting declines in international applicants.

The data driven from the report indicate that US political climate has impact on international application volumes. Programmes in Europe and Canada are about twice as likely to report growth in international applicants compared with the US, 67% and 77% respectively. Across all program types, just 32% of US programmes report growing international application volumes in 2017 vs. 49% in 2016.

Overall, the 2017 report findings show that international applicants represent 57% of US application volumes, 70% of Canadian volume, 89% of European volume, 20% of East and southeast Asian volume, and less than one percent of Indian volume.

Additional key findings include:
  • Overall volume to the general part-time MBA programme has been stagnant or on the decline since the Great Recession. Part-time lockstep programs — in which students proceed through a classroom-based program as a group — have seen stronger application volumes than part-time self-paced programs, in which students set their own schedule in a flexible format.
  • Most graduate business programs expect to see employer sponsorship remain stable. About half (52%) of part-time, self-paced students are expected to receive employer support, as are 40% of executive MBA and 39% of part-time lock-step MBA students.
  • The level of experience that the applicant brings to the graduate business programme has remained relatively consistent in 2017 compared with five years ago. For example, the majority of full-time MBA applicants have between three and 10 years of experience; the majority of executive MBA applicants have 10 or more years of experience; and most online MBA applicants have six or more years of experience.
  • Among business masters programmes, applicants tend to have less than one year of work experience; the exception is the Master in Data Analytics candidate who tends to have more experience. 
To download GMAC’s 2017 Application Trends Survey Report and an overview of the survey methodology, visit: gmac.com/applicationtrends or contact This email address is being protected from spambots. You need JavaScript enabled to view it. for press.

Six New Programmes Accredited by EPAS

EFMD Blog header EPAS 17 SepOK
We are happy to announce that the EPAS Accreditation Board has recently awarded EPAS accreditation to six new programmes, adding two new countries to the EPAS pool - Tunisia and Uruguay.

The following programmes have been recognised by the EPAS quality label: 

- Master’s Degree in International Human Resources Management 
CIFFOP, Université Paris II Panthéon-Assas, France

“Going through the EPAS accreditation is a truly enriching and precious experience for a program. It induces a rigorous (self-) reflection process about one’s beliefs and actual representations about how a programme should be designed and delivered. It is a unique opportunity to embark all the programme's stakeholders (students, professors, partner companies, university services...) on a common development journey while maintaining the highest quality standards," commented Yasmina Jaïdi, Co-Director of the CIFFOP’s Master's degree. "Meeting the Peer Review Team additionally allowed us to benefit from top-notch insights on the latest trends in management education in a benevolent atmosphere. I highly recommend such an experience!,” she added.

- European Master in Business Studies (EMBS)
EMBS Consortium: Université Savoie Mont Blanc, France (leading partner) / Universität Kassel, Germany /Università di Trento, Italy / Universidad de León, Spain

“I am extremely pleased and particularly proud that our EMBS programme (European Master in Business Studies) has been awarded the EPAS accreditation. Under the coordination of the IAE Savoie Mont Blanc, this programme has been developped during these last ten years. This accreditation rewards the work of a group of academics from four countries - Italy, Germany, Spain and France - who have succeeded in setting up an original and innovative programme based on the complementarity and strength of the network. We are convinced that the EPAS accreditation will enable our European programme to develop by attracting excellent students and opening up strong international opportunities for them,” commented Claire Salmon, Dean of IAE Savoie Mont Blanc.

- Bachelor Programme Set: Bachelor International Business and Management Studies (IBMS) & Bachelor International Business and Languages (IBL)

Amsterdam School of International Business, Amsterdam University of Applied Sciences, the Netherlands

John Sterk, the Dean of AMSIB, commented on the achievement: “At the Amsterdam School of International Business (AMSIB) we are overjoyed! This achievement illustrates our commitment to the continuous improvement of the quality of our international programmes. The EPAS accreditation is a means to our greater goals and helps us to better position the Amsterdam University of Applied Sciences (AUAS) and AMSIB in the competitive international landscape of higher education. It demands us to take a hard look at the quality and added value of our programmes to students and the larger community. We are grateful for the support of our lecturers, staff, students, alumni, corporate and alumni network, the Faculty of Business and Economics and the AUAS!”

- Undergraduate Programme in Management
Mediterranean School of Business, South Mediterranean University, Tunisia

"We are very proud of this major accomplishment for our Business School and for our region. The Mediterranean School of Business is the first English-speaking business school in Tunisia with a clear position and vision since its creation in 2004: put Tunisia on the map of top quality Higher Education destinations. This accreditation process allowed us to gain a better understanding of our current situation and leverage our Business School’s impact. In addition, EPAS standards and criteria perfectly fit with our vision and values as they involve a focus on internationalisation and management education’s role in terms of promoting ERS, commented Leila Triki, the Dean at MSB.

"This success has only been possible thanks to the commitment of our professors, staff members and thanks to the trust that have placed employers, students and our alumni in our institution. With EPAS accreditation, we have achieved an important milestone towards our vision. Together, we will join efforts towards continuing on promoting quality business education,” she added.

- MSc Business and Management
Portsmouth Business School, University of Portsmouth, UK

Gioia Pescetto, the Dean of Portsmouth Business School, commented on the additon of another school’s programmes to the EPAS pool. “​The achievement of the EPAS accreditation for our BA Business Suite and MSc ​Business and Management ​affirms the high quality of education we offer our students, which equips them to become responsible global citizens and achieve their aspirations. We are a community of students, academic and professional staff, alumni and employers, and we work as a team to continually improve the quality of our educational offering. We are all very proud of this recognition."

- Executive MBA
IEEM Business School, Universidad de Montevideo, Uruguay

“Ever since we started attending our first EFMD conferences and accreditation workshops, we realised that we were joining a global network with very high standards and a distinct focus on internationalisation. The overall process was - on one hand very demanding, but on the other very gratifying - as a rigorous path for continuous improvement of our School and more specifically - the MBA programme,” said Carlos Folle, Former Dean & International Relations and Accreditations Director at the IEEM“We are very honoured to have the first programme in Uruguay to be accredited by EFMD with EPAS. All of our stakeholders at IEEM are and will be benefitted by the positive spill-over effects. We look forward to the challenges involved in our increasing involvement in this select international business schools community,” he added.

David Asch, Director of Quality Services & EPAS Director, commented: “We are delighted to welcome six new programmes, including first programmes from instituions based in Uruguay and Tunisia, to the EPAS pool. The highly demanding EPAS standards ensure that the accredited programmes are designed and delivered so that they are both academically rigorous and have practical relevance for students in today’s global environment. We would like to congratulate all the newly accredited programmes for their continuous improvement on the quality development path."

EPAS was launched in 2005 and in 12 years has had a considerable impact on the quality of business schools programmes all over the world. The programme accreditation from EFMD is one of the most demanding yet effective ways to certify the quality of a programme in the field of business and management.

There are currently 111 programmes from 82 institutions across 38 countries accredited by EPAS. For more information on EPAS visit www.efmd.org/epas

Join the Global Talent Platform

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Highered - EFMD Global Career Services - connecting companies, schools and students


The Highered Global Talent Network connects companies, schools and students at an unprecedented level. Adding diversity, corporate innovation and employer branding possibilities for the EFMD corporate members. Providing unique international possibilities for the students and increasing value and supporting the school’s initiatives in placing students.

The platform is only available for full EFMD Global Network school members and is included as part of the school’s full membership benefits. Since the launch in February 2017, there are 335 schools who have already set up their platforms with Highered. Every full member school is offered their own school-branded career platform, making our 600-school network the fastest growing community of top talent in the world. It is a unique addition to the career services EFMD member schools already offer students and is designed to help support international student placements.

Highered welcomes up to 500 new hand-picked global employment opportunities weekly from the EFMD corporate members. The opportunities include internships, trainee and graduate positions. Highered is targeted towards international students looking for placements back at home and local students that want to explore an international experience. The positions are relevant for students in their first year of bachelor, Masters, MBA, and PhD, all the way to 5 years since graduation.

Schools - learn more here.

As a corporation, you can now build your employer brand and recruit top talent from leading business schools globally through one platform

Highered gives companies access to an exclusive pool of thousands of top international prospective employees, from 600 leading business schools in the EFMD Global Network. The network creates an opportunity to strengthen employer branding through continuous presence of brand, content and relevant positions, viewed by the top 5% management and business schools students around the world.

The Highered platform is excited to announce that new partnership agreements with Statoil, Yara, PepsiCo, BlueStar and Volkswagen Truck & Bus GmbH, and many others, are on the way. Along with the existing EFMD company members that have access to the platform, these partnerships give the companies a source to strengthen their student talent acquisition strategy by directly targeting the exact student profile they are seeking, all through advanced algorithm and machine learning. EFMD corporate members now have access to a global career service and students at EFMD member schools.

Companies - learn more here.

Learn how to become a part of this unique global network that connects companies, schools and students. This email address is being protected from spambots. You need JavaScript enabled to view it.!

IAE Aix-Marseille GSM to Host the International Teachers Programme© (ITP)

Making Good Teaching Great

INTERNATIONAL TEACHERS PROGRAMME 2017 and 2018

Logo IAE nouveau 2014 MDThe International Teachers Programme© (ITP), supported by EFMD, is an intensive faculty development programme dedicated to helping business educators develop suitable skills and capabilities to be successful in their careers. The ITP programme is organised by the International Schools of Business Management (ISBM), a group of twelve leading business schools located in Europe, North America, and Asia. The 2017 & 2018 programmes will be run by the Aix-Marseille Graduate School of Management-IAE in two locations: Aix-en-Provence (France) and Collbató, Barcelona (Spain)logo itp.

The ITP has served over 1,500 high-calibre faculty and educators from many countries since it started more than 50 years ago. During this period, the programme has rotated between ISBM schools:

  •     IAE Aix-Marseille Graduate School of Management, FR
  •     CEIBS - China Europe International Business School, CN           
  •     HEC School of Management, FR
  •     IMD, CH
  •     INSEAD Business School, FR
  •     Kellogg School of Management, US
  •     London Business School, UK
  •     Alliance Manchester Business School, UK
  •     New York University, Stern School of Business, US
  •     SDA Bocconi School of Management, IT
  •     Stockholm School of Economics, SEglobe 2017
The International Teachers Programme© is beneficial for mid-career faculty who teach business and management at any level: Bachelor, Master, MBA, Executive Education, Ph.D. and faculty development professionals. It is ideal for participants with some prior teaching experience who care about real excellence in teaching, who are at career inflection points and have the time and interest in turning a greater share of their attention to the further development of their teaching, or who have achieved competence in teaching one kind of audience and would like to extend their skills to other audiences.

“In the 2017 edition, ITP has welcomed 30 participants from 19 business schools from 14 different countries. Beyond the business schools of the ISBM consortium, business schools like Aalto, Kingston, Vlerick, RBS, WU Vienna, Pontificia Catolica Peru, UT Syndney or Durham are some examples.”

Carolina Serrano-Archimi, ITP Programme Director

"I owe my professional progress to ITP. As a young teacher in Assam, India, I attended the programme in 1982 and it changed my life. The curriculum transformed everything I thought I knew about management education. ITP introduced me to new pedagogical tools and strategies, and it helped me see deeper connections between my teaching and research. Through the ITP, I also gained greater confidence in the classroom. ITP challenged and inspired me to explore my potential, even as I learned how to help others discover their potential. This is a wonderful programme for anyone who aspires to create and share knowledge with impact."

Dipak C. Jain, Dean, Sasin Business School, Thailand

“In 1958 Harvard Business School launched the International Teachers Programme©. In 1969 a decisive step was taken by inviting several European management schools to join them in the further development and management of the ITP. In 1977 a consortium of business schools formed the non-profit organisation ISBM (International Schools of Business). Today ITP, its flagship initiative, is managed on a two-year rotation by one of the ISBM schools. Every new edition of the programme takes its starting point in previous programmes, while also ensuring continuous updating of the content and recognition of emerging global trends and best practice in business and in education.
More than a thousand ITP participants have benefited from the experience of this programme. Their feedback and subsequent career development make it clear that the ITP experience not only enhanced their teaching, but also provided specific, actionable tools for overall professional growth and gave them a strong global network of colleagues.
It is a pleasure for ISBM to offer you a similar opportunity in 2018.”
Pär Mårtensson, Chairman of the ISBM Board of Directors

You can find the brochure and more info via this web link. Please send any queries or questions you might have to This email address is being protected from spambots. You need JavaScript enabled to view it..

Manchester Attack: Sincere Thoughts & Condolences from EFMD

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On behalf of the Board of EFMD, the members and staff, it was with great shock and sadness that we saw the awful attack that took place on Monday evening at the Manchester Arena in Manchester. This was a horrific assault, involving so many innocent children, and all our thoughts and prayers go to the families who have been tragically affected, the people of Manchester and the United Kingdom. We truly hope that within our UK members, their families, friend and acquaintances none has suffered from this senseless aggression.

This was a despicable act of violence at the time and place where people share friendship and joy but the heroic response of the people of the UK and the support from around the world shines a light in these very difficult days. 

I truly hope that a sense of peace will soon come to Manchester and please know that our thoughts will continue to be with you, and the entire British nation. 

Sincerely yours,
Prof. Eric Cornuel, CEO & Director General, EFMD

Alumni Networks Are Driven by Social Media and Digital Engagement

Alumni Matters 2016 InteractiveBusiness schools need a greater focus on social media for their alumni relations as the frequent users of platforms such as LinkedIn and Facebook are the most engaged alumni, according to the 5th edition of Alumni Matters by CarringtonCrisp, supported by EFMD.

The study, amongst over 2,500 alumni from 86 countries and 21 schools, reveals that of those who frequently use LinkedIn (more than once a week), 74% say they are engaged with their business school while only 27% of those who never use LinkedIn identify as engaged.

A similar picture emerges with Facebook, with 71% of frequent users engaged, compared to less than a third (30%) of those who never use Facebook. Equally, amongst frequent users of alumni pages on a school website, 76% are engaged, in contrast to 22% of non-users.

The study underlines the importance of engaged alumni to a business school, with the clear majority (82%) of engaged alumni agreeing that they can contribute to the school’s success compared to less than half (41%) of all respondents.

Andrew Crisp, author of the study comments: “Schools need to consider how they can make better use of social media to cultivate greater alumni engagement and benefit from their support and loyalty. Whilst social media and digital communication is key, it’s not simply about having a Facebook or LinkedIn page, but creating content that provides real benefits and value to alumni.”

The study also found that career support at business schools has improved in recent years, but that there was still work to do. 61% of graduates from the last three years agreed career support was good, compared to only 35% of their predecessors who graduated more than 20 years ago. However, only just under half (48%) of all respondents agreed that career support was good at their school. MBA alumni were the most critical with only 38% agreeing it had been good, compared to 56% of Masters alumni and 52% of undergraduate alumni.

Andrew Crisp concludes: “Many schools promote their alumni network to candidates as a key benefit, but progress is needed to ensure the reality lives up to the promise, with only one in five (21%) alumni definitely agreeing their school has a strong alumni network. Relevant social media content and a focus on career services are two critical areas for schools to focus on.”

For more information, please contact This email address is being protected from spambots. You need JavaScript enabled to view it..

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..

EQUIS Accreditation System Celebrates its 20th Anniversary

LatestNews 2017 EQUIS 20th anniversaryThis year marks the 20th anniversary of EQUIS - EFMD Quality Improvement System, launched two decades ago at the Deans and Directors General Conference at Schloss Gracht, now part of the ESMT Berlin.

This international quality benchmark and improvement process was created to give European and, subsequently, business schools worldwide, a rigorous tool to assess, certify and improve their quality in 10 key areas, including governance, programmes, students, faculty, research and, foremost, internationalisation, ethics, responsibility and sustainability as well as corporate engagement.

Since its establishment, a strong emphasis on internationalisation and corporate connections have been the differentiating points of the EQUIS business school accreditation system. Coupled with recently added ethics, responsibility and sustainability standards, they have created a solid framework for quality measurement for international business schools.

In this interview, Gordon Shenton the former Quality Services Director and the founding father of EQUIS, talks about the evolution of EQUIS since the initial idea, its development and core values, and draws some perspectives for the future.
EQUIS is not only a quality assessment but also a quality improvement process, very much rooted in the mission of EFMD. As David Saunders, the Dean of Smith School of Business at the Queen's University in Canada and Chairman of the EQUIS Accreditation Board, comments: “No matter how good your school is, you can always improve and that is a critical core component of EQUIS – continuous improvement.”

EQUIS has always aimed at building a community of mutual learning and best practice for business schools coming from different higher-education systems. Sue Cox, Dean Emerita of Lancaster University Management School in the UK and former EFMD Board member, stresses the emphasis on schools’ differentiating points in the EQUIS quality framework. “EQUIS actively encourages schools to consider their unique selling proposition within the strategic planning process,” she says.

Over the last 20 years, EFMD has conducted over 600 peer review visits, with over a thousand outstanding experts devoting their time and knowledge to the development of the system.

More than 10 deans and experts who have contributed to the development of the EQUIS accreditation system have given their voices to the value and role EQUIS has played in enhancing the quality of management education worldwide as well as the future development of the management education industry.
“EQUIS is a way of celebrating excellence in diversity and I’m delighted to see how the EQUIS system and the accredited schools have evolved in these 20 years. There is no one harmonised definition of quality but there is an excellence benchmark and a striving for perfection in the continuous improvement process,” adds Eric Cornuel, EFMD’s Director General and CEO.

In its short history, EQUIS accreditation has become widely recognised by potential students, employers, the wider business education industry and the media as the most holistic and rigorous accreditation process, often being a pre-requisite for entry to rankings.

With an estimated number of 15,000 business schools worldwide, only a handful (167 institutions from 41 countries) hold the EQUIS quality label and they can say without being too boastful that they are part of “1% of leading business schools.”

To commemorate this landmark achievement, EFMD plans to celebrate the success of EQUIS over the course of 2017 at EFMD events across the international community.

More information on EQUIS is available at www.efmd.org/equis

ISB-Ivey Global Case Competition 2016 Supported by EFMD: Results

ISB Ivey competition 2016The Centre for Learning and Management Practice (previously known as the Centre for Teaching, Learning, and Case Development) at the Indian School of Business and Ivey Business School, Western University, Ontario, Canada announce the results of the ISB-Ivey Global Case Competition 2016. The annual competition identifies and publishes the best India-centric business cases from around the world.

The Centre for Learning and Management Practice at the Indian School of Business (ISB), hosts this event in partnership with Ivey Business School, Western University. The event is supported by Ivey Publishing and EFMD, with Amazon and Times Center-for-Learning Ltd. as Category Sponsors. Learn more here

RESULTS

OVERALL WINNER – 1st PLACE (Award of $ 4000.00)

Good Company or Good Stock – Investor's Dilemma
  • Pitabas Mohanty, XLRI, Jamshedpur
  • Supriti Mishra, International Management Institute, Bhubaneswar
OVERALL WINNER – 2nd PLACE (Award of $ 3000.00)

Barefoot College of Tilonia: Lighting Up Rural Lives in Under Developed Countries
  • Sunita Mehta, Hyderabad Business School, GITAM University
  • Surya Kant Sharma, XLRI, Jamshedpur
  • Radhika Ramanchi, Hyderabad Business School, GITAM University
WINNER – MARKETING CATEGORY (Award of $ 2000.00, sponsored by Amazon)

The Vanca: Reworking Digital Marketing Strategy
  • Jones Mathew, Jaipuria Institute of Management, Noida
  • Banasree Dey, Jaipuria Institute of Management, Noida
WINNER – ENTREPRENEURSHIP CATEGORY (Award of $ 2000.00, sponsored by ET Cases)

Unicommerce: The Exit Decision
  • Nilesh Gupta, Indian Institute of Management, Tiruchirappalli
  • Shantam Shukla, Varroc Group
To discover the Honourable Mentions, please go here.

Starting a Business is Now One of the Top Reasons to Take an MBA

Tomorrows MBA 2016Starting a business has become one of the top five motivations to study an MBA, reveals the 2016 edition of the Tomorrow’s MBA study by CarringtonCrisp, supported by EFMD.

The study, conducted amongst 1,000 MBA applicants worldwide, found that almost one in five (20%) were considering an MBA in order to start their own business. Entrepreneurship was rated as the fifth most valuable piece of content in an MBA degree, up from 10th in the previous year’s study.

Amongst those considering a specialist MBA, entrepreneurship is now in the top four most popular choices (10%), along with IT (10%), international management (11%) and finance (15%).

The study’s other key findings include:

·       More women (42%) responded to the survey than ever before – an indication in line with other industry studies that efforts by business schools to attract more female students are working.

·       However, male and female applicants differed on a number of elements when considering an MBA. For MBA course content, ‘leadership’ is more popular with men (40%) than women (29%). Conversely, 16% of women value ‘ethics’ as important course content compared to only 5% of men.

·       26% of respondents prefer a blended or online MBA.

·       Career planning and job searching is vital, with almost three quarters (72%) wanting to know that it is integrated into the student experience.

·       Some elements of MBA programmes seen by many schools as important were not highly valued by MBA applicants – including varied electives (8%), small class sizes (9%) and international study tours (11%).  For course content, corporate social responsibility was seen as most valuable by only 6% of respondents.

·       Google (38%) and LinkedIn (24%) were seen as the most important digital channels for deciding when to study. The Financial Times was comfortably the most important ranking (37%), followed by Forbes (27%) and Business Week (25%).

Entrepreneurship has been a growing trend for a number of years and is now firmly a key motivation for a lot of people to embark on an MBA. It presents an opportunity to those schools that are able to market their entrepreneurial expertise, but it also poses some interesting challenges.

Andrew Crisp, author of the report comments: “Schools need to consider if entrepreneurship is taught in its own right or integrated throughout a degree programme. They also should look at the sometimes differing needs of entrepreneurs and those students looking for more corporate roles. From an external perspective, it will be interesting to see what impact an increased number of graduates starting their own businesses will have on MBA rankings, where increases in post graduate salaries play an important part.”

The good news from the study is the indication that more women are interested in an MBA. Women represented 42% of respondents – since the study started in 2009 the percentage of female respondents had not risen above 38% until this year and has been as low as 26%. As with an increased focus on entrepreneurship, the successful schools are going to be the ones that are smart about marketing to both male and female applicants and then meeting their study needs where they do differ.

Google and LinkedIn were by far and away the most popular digital tools for applicants and their increased prominence provides a wonderful opportunity to business schools to segment and carefully target their marketing and recruitment efforts. Despite the advances in technology however, human contact remains key in deciding if the applicant and school are compatible. The most impactful marketing for schools is to combine human contact and technology – with one to one meetings with school staff (37%) and school website (39%) seen as having the biggest impact.

As well as a number of newer trends, the study reinforces certain factors that are ever present for MBA applicants when choosing a business school. A school’s academic reputation is the most important factor for both men (39%) and women (40%). Along with teaching quality, this has consistently been one of the most important elements since the study began.

Andrew Crisp concludes: “Since the financial crisis in 2009, there have been reports of the demise of the MBA. Our study shows that it is certainly not dead, but undergoing significant change. Competition is growing around the world, there are demands for different styles of delivery and importantly, students are ever more focused on their future career when judging value for money, with a growing number thinking that career may mean starting their own business.”

Please visit CarringtonCrisp's BusinessSchool.guru website to learn more or contact This email address is being protected from spambots. You need JavaScript enabled to view it. for press.

Get Access to Top Talent Pool Through the Global Internship Platform

EFMD blog stickyEFMD Global Network and HigherEd join forces to launch the first global internship portal to connect companies and top business schools and students worldwide.
How can your company benefit from the access to the talent pool?

The portal will give the companies an access to an exclusive pool of three million outstanding international intern prospects from 600 top business schools in the EFMD Global Network, creating a unique opportunity to follow the students that are in their target groups throughout the lifecycle of their specific education and career paths.

The platform will connect companies, top business schools and students at an unprecedented level, adding great diversity and corporate innovation possibilities.

Tapping into a vast pool of selected quality graduate talent in one single place is at the heart of this initiative which will become the largest and most targeted recruitment tool available in the education industry.

This initiative will only be available to the corporate members of EFMD Global Network.

We are launching a pilot phase of this initiative over the next months and are gradually on-boarding schools and corporate members, so if you are interested in seizing this unique opportunity, please visit http://www.highered.no/for-companies/ and contact Bernt Blankholm, CEO of HigherEd or Matthew Wood, COO at EFMD at This email address is being protected from spambots. You need JavaScript enabled to view it..

The Entrepreneurial Society: Global Peter Drucker Forum 2016

Drucker16

In recent years, EFMD has developed a close and rewarding partnership with the Global Peter Drucker Forum that is annually held in Vienna, Austria, Peter Drucker's birthplace.

This year's Forum will deal with a major transformation that Drucker predicted in his 1985 book Innovation and Entrepreneurship – the emergence of a society in which innovation and entrepreneurship are normal, steady and continuous. The Global Focus article "Building The New Entrepreneurial Society" outlines the scope of the conference.

As the Forum’s strategic partner, EFMD can provide our members with a 10% reduced conference fee. Register here.

The conference program can be accessed via this link.

EFMD and Cisco have jointly organised the session Adaptive Talent Markets - Channelling the Entrepreneurial Talent in which insights from the Special Interest Group (SIG) on the subject will be presented.

The 2016 roster of leading thinkers and practitioners participating in the Forum includes:
  • Clayton Christensen, Harvard Business School
  • Philip Kotler, Kellog Graduate School of Management
  • Sara Armbruster, VP, Steelcase
  • Tim Brown, CEO, IDEO
  • Mariana Mazzucato, Sussex University
  • Sally Osberg, CEO, Skoll Foundation
  • Rita Gunther McGrath, Columbia
  • Herminia Ibarra, INSEAD
  • Rajeev Vasudeva, CEO, Egon Zehnder
  • Gary Hamel, London Business School
  • Maelle Gavet, COO Priceline Group
  • Jeffrey Pfeffer, Stanford Business School
  • Lisa Hershman, CEO DeNovo Group, Vice Chair Scrum Alliance
  • Tawfik Jelassi, IMD
  • Gianpaolo Barozzi, Senior Director Cisco
  • Gisbert Rühl, CEO, Klöckner & Co SE
For the complete speaker’s list, please go here.
 

Drucker quote Abstract color

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..

EFMD Launch EOCCS - EFMD Online Course Certification System

EFMD launch EOCCS


At the 2016 EFMD Conference for Deans & Directors General in Budapest hosted by the Corvinus University of Budapest, EFMD officially launched EOCCS - EFMD Online Course Certification System.

Prof. Eric Cornuel, Director General & CEO of EFMD, said: "EOCCS is a vital addition to the EFMD portfolio of quality services. It gives online courses within universities, business schools, corporate learning organisations and public agencies a top international quality benchmark in the diverse education landscape where digital technology is applied to teaching and learning. EFMD draws from twelve years of experience in running CEL accreditation, which was designed to raise the standard of ICT-based learning programmes in the area of management education. CEL accreditation was at the time a pioneer initiative in the quality assurance of technology-based learning. The expertise EFMD gathered throughout that process will help us to ensure that the EOCCS certification system will bring value and external seal of recognition to quality online courses in the world.”

Recent years have seen a surge in the use of technologies in higher education, often described as “mediatisation of the higher education ecosystem.” After the appearance of MOOCs and the subsequent hype, the discussion today is concentrating on the affordances of new learning technologies and a refinement of pedagogical approaches.

"Online learning can open up more efficient and effective ways of learning. Course participants can align their pace of learning to their competences, construct their own learning journey independently and engage in active knowledge exchange. As online delivery methods continuously change, EOCCS certification of quality standards will help institutions to meet the course participants’ needs and expectations,” added Prof. David Asch, EFMD Quality Services Director.

The new EFMD Online Course Certification System (EOCCS) is designed as an international certification system firmly embedded in the general philosophy of EFMD accreditations, namely internationalisation, practical relevance and quality improvement. EOCCS is open to any institution delivering online business and/or management-related courses that are stand-alone or constitute part of a certificate or programme. The institution must be able to demonstrate that the four EOCCS standards are satisfied.
EOCCS standards

“EOCCS can be seen as an add-on to EQUIS, EPAS and CLIP, where online provisioning is not a mandatory feature. The intentional impact of EOCCS to institutions, and to the business and management education field, is high quality online courses and the recognition of online learning as an effective and flexible way of learning”, said Prof. Martin Schader, Associate Director, Quality Services, EFMD.

The EOCCS certification system will be established and developed with a portfolio of top pilot institutions representing both corporate and business school world, including BI Oslo, HEC Paris, Henley Business School, IE Business School, The Open University, Iversity, Mazars and Sberbank.

EOCCS allows for an in-depth review and feedback within 3 months.
EOCCS processIf you would like further information or are interested in your online course taking part, please contact This email address is being protected from spambots. You need JavaScript enabled to view it.

ISB-Ivey Global Case Competition 2016 supported by EFMD

ISB Ivey competition 2016The Centre for Teaching, Learning, and Case Development at the Indian School of Business and the Ivey Business School, Western University, Canada announce the ISB-Ivey Global Case Competition 2016. The annual competition identifies and publishes the best India-centric business cases from around the world. The event is supported by Ivey Publishing, Amazon, Confederation of Indian Industry (CII) and EFMD.

Launched in 2010, the competition has rapidly gained prominence in India and abroad and is widely considered a valuable source for cases by Business Schools around the world. The competition generates a growing number of submissions and published cases each year, facilitating its goal of building a repository of a high-quality, internationally benchmarked cases about Indian businesses.

A panel of internationally acclaimed subject experts judge shortlisted cases in a double-blind review process and provides written feedback on each case. The top cases from this competition are marketed and distributed to a global audience of business schools by Ivey Publishing — the largest source of current Asian and Indian business cases in the world.

The deadline for submitting the "Participation Form" is 29 February 2016 and more submission details, categories, criteria and deadlines can be found on the case competition website.

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.

Value of EQUIS and EPAS Accreditations: Videos

In a few short videos, Prof. Michael Osbaldeston, EFMD Director of Quality Services, explains the value of EQUIS and EPAS accreditations, the process, a possible pathway between EPAS and EQUIS, the cost-benefit report, as well as internationalisation, alumni and research dimensions of the accreditations.

Please find below direct links to the podcasts where he answers the following questions:

- What is the value for schools in participating in EQUIS and EPAS?

- What role does EFMD feel alumni should be playing?

- The cost of accreditation versus its value

- Is EPAS a valid pathway to EQUIS?

- What is the value from all the work required to complete accreditation assessment reports?

- What are the challenges of internationalisation?

- How is EFMD approaching the impact of research?

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

EPAS logo13 LR"The process of the EPAS accreditation has helped sharpen our focus on the strategic priorities. A mission and strategy are often easy to formulate but more difficult to implement. By focusing on the processes in the EPAS framework we know what variables we can work on over the coming years in our journey of educational excellence."
Prof. dr. Rudy Martens, Dean, Faculty of Applied Economics, University EQUIS logo13 LRof Antwerp, Belgium

"EQUIS accreditation is one of the most important benchmarks available to business schools to ensure excellence in teaching, student experience, research and outreach. I am very pleased that our substantial effort to continually improve in all aspects of what we do has been well recognised."
Prof. Jon Reast, Dean, Bradford University School of Management, UK

Learn more about the EFMD Quality Services offer: download the Quality Services brochure or access directly EQUIS and EPAS webpages.

Siemens Global Learning Campus Re-accredited by CLIP

CLIP Reaccreditation to SIEMENS
We are delighted to announce that Siemens Global Learning Campus has been recently reaccredited by CLIP.

The Corporate Learning Improvement Process (CLIP) is a unique accreditation run by EFMD that focuses on identifying the key factors that determine quality in the design and functioning of corporate universities and learning organisations. The CLIP commutiny includes:

Dr. Kai-Holger Liebert, Head of Global Learning Campus, Siemens AG, Germany, said: “I am very pleased to report that after having earned our first accreditation in 2010, we have once again received the CLIP Award. I see this as proof that as a learning organization within Siemens, we are on the right track and have been working on the right levers over the past few years. Of course, the requirements of our Siemens business units have contributed to the changes in our learning organization, but the scrutiny of the EFMD as a benchmarking authority made up of learning experts has enabled us to take a neutral yet professional perspective regarding our activities.  We have therefore taken very seriously the points that were rated during our 2010 accreditation as needing improvement. We have worked on them, and these efforts have paid off. Not only because we’ve been accredited once again, but also because our position within the company is much stronger today, and we serve as a partner to the business units for changes and the resulting new challenges. During the accreditation, the way in which we have globally organized learning was emphasized as a point of excellence. We have done this with our own approach, taking a path that is consistent with Siemens’ corporate culture. We have combined the individual, independent learning organizations in the Siemens countries into a single integrated organization which operates under the name “Global Learning Campus.” This name represents a shared goal but also leaves plenty of room for local ways of reaching this goal. We are putting “shared governance” into practice by establishing a common, global leadership circle. The involvement of the German headquarters contributes the company perspective while the individual countries represent their regional requirements. Our maxim is to act globally as much as possible in order to utilize synergies and communicate corporate content, while at the same time permitting local distinctiveness to the necessary extent. It has been a long process to set up this integrated organization, and our work is never finished. Mutual trust is the basic requirement for the success of this kind of organization in which the units operate under separate disciplinary authority. Another success factor is our closeness to the Siemens business units. We are fully networked so that we can translate business challenges into skills requirements and then into learning products. We involve the business units and central offices in the product development process. As a result, we can use strategies and support and drive them forward as a global network within the company. In addition to this logistical expertise as a global organization, our core competency lies in using the most effective learning methods for this mission-critical content. In the future, we will be facing many new challenges as well as opportunities that will emerge from the digitalization of our society. New forms of e-learning are, of course, a suitable way to quickly disseminate content, particularly in a global corporation. But social media platforms and video platforms with user-generated content must also be part of an employee’s learning portfolio in the future. Increasingly, it is becoming our job to provide orientation and to act as a “content curator,” in order to guarantee effective learning. I’m looking forward to these challenges in the coming years!

The CLIP assessment process covers all the essential dimensions of the corporate university’s deployment within the company: the alignment of its mission and operational objectives with corporate strategy, the effectiveness of its governance and internal management systems, its ability to address key issues of concern to the business units, the programme design process, the overall coherence of the programme portfolio, the quality of delivery and the impact of the corporate university’s activities upon individual and organisational learning.

The CLIP initiative draws extensively on EFMD’s successful EQUIS accreditation scheme for business schools and universities. Internal self assessment against a set of rigorous standards drawn up by leading members of the corporate learning community is combined with external review by experienced peers.

Dr. Martin Moehrle, Associate Director, Corporate Services, who leads the CLIP process at EFMD, added: “When corporate learning functions have achieved adequate maturity in their portfolio of programmes and in their global reach, going through CLIP is an effective tool in identifying options and areas of focus for the next phase of their evolution.

For more information on the CLIP process visit - www.efmd.org/clip

2015 Emerald/EFMD Outstanding Doctoral Research Awards: Apply Now!

emerald efmd banner

EFMD and Emerald Group Publishing seek to celebrate excellence in research by sponsoring the 2015 Emerald/EFMD Outstanding Doctoral Research Awards.

Award-winning entries will receive a cash prize of €1,500 (or currency equivalent), a certificate and a winners' logo to attach to correspondence. In addition, a number of Highly Commended Awards will be bestowed. This year there are seven categories:

·         Operations and production management
Category sponsored by International Journal of Operations & Production Management
·         Logistics and supply chain management
Category sponsored by International Journal of Physical Distribution & Logistics Management
·         Educational leadership and strategy
Category sponsored by Journal of Educational Administration
·         Management and governance
Category sponsored by Management Decision
·         Human resource management
Category sponsored by Personnel Review
·         Leadership and organization development
Category sponsored by Leadership & Organization Development Journal
·         Health Care Management
Category sponsored by Journal of Health Organization and Management

You can check out the 2014 Winners (and earlier years) here and this year's closing date for applications is 15 January 2016.

The entries will be judged by the Editor(s) and at least one Editorial Advisory Board member of theEmerald logo.jpg sponsoring journal.

Entries will be judged on the following criteria: Significance/implications for theory and practice, Originality and innovation, Appropriateness and  application of the methodology, and Quality of data/research.

All details on the 2015 ODRA's as well as a FAQ can be found here. The application form is here.

CEIBS Acquires Lorange Institute of Business Zurich

CEIBS logoGuest post by Dr. Peter Lorange, Honorary President, Lorange Institute of Business Zurich, A Member of CEIBS Group

CEIBS, the China Europe International Business School, took over the Lorange Institute of Business Zurich, effective October 2015.

CEIBS was established in 1994 under an agreement between the Ministry of Foreign Trade and Economic Co-operation (MOFTEC, now The Ministry of Commerce) and the European Commission. The school has had a very successful development, and is today considered by many to be not only a top school in China but also one of the leading business school in Asia. CEIBS is now “re-entering” Europe through the acquisition – via the Friends of CEIBS Foundation – of the Lorange Institute of Business Zurich. Lately, we have seen important acquisitions by Chinese companies or the Chinese government all around of the world, including in Europe. The development of a base for CEIBS in Switzerland, thus, comes as a natural consequence of this added Chinese visibility in Europe.

For CEIBS the choice of Switzerland was important, as the country is situated in the center of Europe, with a neutral status vis-à-vis the major European countries, and with a high attractiveness ranking. And, selecting the Lorange Institute was equally natural for CEIBS. The fact that the Lorange Institute has no permanent faculty, but relies exclusively on drawing on faculty from other academic institutions, was seen as attractive to CEIBS as this ensures that there will be no major issues of cross-cultural integration of faculty.

The Lorange Institute is largely expected to maintain its present modus operandi, including continuing to offer its Masters programmes (E-MBA, E-MSc/ and its tailored corporate programmes). In addition, there are four new focal points for the Lorange Institute:

  • Many companies in Europe have been acquired by the Chinese organisations. This has risen a need for training of Chinese executives being assigned to these acquisitions. The new entity aims at providing relevant executive education offerings to this customer segment.
  • Exchanges for EMBA programme participants. Many of these Master students from CEIBS shall come to the Lorange Institute for several weeks and attend specific modules. Similarly, Master students from Lorange Institute shall be attending learning activities at CEIBS. The purpose: improved focus on the cross-cultural aspects of internationalisation.
  • Prepare European executives for China. Many European businesses see the large, fast-growing Chinese market as attractive, perhaps particularly now with a shift towards consumerism and away from classical manufacturing in China. However, the European executives may not be all that well prepared for doing business in China. The new entity is aiming to address this market.
  • Study trips in Switzerland for Chinese executives. There is often much to learn when it comes to management practices of Swiss companies, in particular when it comes to how these firms focus on rapid implementation of innovations. This will be one area of focus during study trips that will be arranged for Chinese executives.
A final issue: it is the intention of the acquirer, CEIBS, to maintain the fundamental ways in which the Lorange Institute now operates. So, Dr. Philipp Boksberger, President and CEO, shall continue in this roLorange logole, with Dr. Yuan Ding, Dean at CEIBS, as the Executive Chairman. The basic modular structure of many of the offerings at the Lorange Institute shall remain; as will the heavy focus on outsourcing, modern pedagogy, and ability to act with speed and flexibility.

In conclusion, it is important to point out that the clear aim of this deal is for dominant Chinese practices - such as long-term time horizon, consensus management, etc. - to be shared with European audiences, where there is already a genuine interest. Similarly, CEIBS is interested in drawing on several of the innovative business school practices put to work at the Lorange Institute. Dr. Peter Lorange shall remain involved in the new entity, and shall play a role when it comes to this, and as Honorary President.

EQUIS Re-accredited Seven Leading Business Schools

EFMD would like to warmly congratulate the following schools who have recently been reaccredited by EQUIS:

•    Copenhagen Business School, DenmarkEQUIS logo13 LR
•    Korea University Business School, Republic of Korea
•    Waikato Management School, Waikato Management School, New Zealand
•    Otago Business School, University of Otago, New Zealand
•    Kozminski University, Poland
•    Faculty of Economics, University of Ljubljana, Slovenia
•   Imperial College Business School, Imperial College London, UK

"With EFMD's accreditation of CBS for a further five years it is once again confirmed that CBS is an education institution of a particularly high quality in terms of research, education, students and teachers. EFMD has numerous criteria that business schools must meet, and this year's visit had a special focus on CBS's development strategy. I find that undergoing a thorough examination by an independent group of experts has a very positive impact on the entire organisation. At CBS we attach great importance to our international accreditations. They are conditional on our ability to meet international criteria for high quality in our work. The very best people scrutinise our strategy as an international business school."
Dr. Per Holten-Andersen, President, Copenhagen Business School, Denmark

"Since its initial accreditation in 2007, Korea University Business School (KUBS) has come a long way in reaching its international academic aspirations. KUBS has been able to enhance its educational and research standings in the global setting through redesigning of its curriculum, the construction of a new business school facility, and greater interationalization of faculty and programs, among other efforts. Through its second consecutive five-year EQUIS re-accreditation, KUBS continues to review its processes and achievements and hopes to further develop as an international business educational institution."
Prof. Dong-One Kim, Dean, Korea University Business School, Republic of Korea

"The Waikato Management School is proud to be accredited by EFMD / EQUIS. The rigour and care of the accreditation review process provide an invaluable quality assurance mechanism for us, and signal to current and prospective students that at the WMS they can be confident of receiving a transformative educational experience that will provide them with globally relevant knowledge, skills, and connections."
Prof. Don Ross, Dean, Waikato Management School, Waikato Management School, New Zealand

"The University of Otago Business School is pleased to have been awarded our third EQUIS accreditation. The international recognition of quality the accreditation brings is highly valued by the School, the University, and our graduates and alumni. We are continually looking for ways to improve;  and in such a distant location from the rest of the world, this accreditation confirms that we are maintaining the high management education standards we seek."
Prof. George Benwell, Dean, Otago Business School, University of Otago, New Zealand


"We are truly honoured to have received a full EQUIS accreditation for the third time. Kozminski University (KU) was awarded its first EQUIS accreditation in 1999 so, for more that 15 years, KU has been guided by EQUIS accreditation standards. During this period, we came to recognize our weaknesses and done all we can to overcome them. As a result, KU has gradually matured as a truly international academic institution. In this process, EQUIS standards and criteria have provided KU with a valuable source of benchmarks and best practices that guided future development and provided motivating challenges for KU staff members."

Prof. Witold Bielecki, Rector, Kozminski University, Poland 

"Every reaccreditation cycle starts as a reminder of the almost unimaginable progress we have made and the valuable lessons we have learned so far. It continues by revealing the future challenges we are yet to face. It then ends not only by clearly showing the way forward but by empowering us to stay on course and be brave enough to continue to grow from a regional to an internationally recognised business school. We are honoured to be an EQUIS accredited school and we are proud of our achievements that were made possible by dedicated staff and supporting partners."
Prof. Metka Tekavcic, Dean, Faculty of Economics, University of Ljubljana, Slovenia   

Prof. Michael Osbaldeston, the EFMD Director of Quality Services, added, "I would like to congratulate the schools that have gone through the reaccreditation process. If you are a student, parent, recruiter or have an interest in business education then the first and most important credential to look for in a school is does it have accreditation from EFMD."

More information on EQUIS is available at www.efmd.org/equis

EQUIS Accreditation Awarded to Bond, CKGSB, ESMT & LUISS

2015 EFMD EQUIS Accreditated Business Schools 03

EFMD would like to warmly congratulate Bond University, Faculty of Business, Cheung Kong Graduate School of Business, ESMT European School of Management and Technology & LUISS Business School including the Department of Business and Management who have just been awarded EQUIS accreditation.


This takes the number of accredited schools to 159 across 40 countries.

Please read below what the Deans of the accredited schools say about the achievement.

“EQUIS is an internationally recognised stamp of excellence and going through the extensive accreditation process itself delivered significant value. The process involved so much more than the supply of data to develop forced rankings, guides and lists. In addition to self-analysis, an in-depth review of our School, strategy, programs, research, community outreach and global competitive positioning was conducted by a panel of our international peers. The constructive, supportive advice of the professional peer review team ensured it was a positive learning process for us and one that provided significant guidance and direction. Our students are assured they will receive international recognition for their qualification, which is absolutely vital in today’s competitive global marketplace. With less than 2% of the world's 13,000 business programs EQUIS Accredited, Bond University and its Faculty of Business are in very good company indeed.”
Prof. Mark Hirst, Executive Dean, Faculty of Business, Bond University, Australia

“We are delighted to gain official accreditation from EQUIS, which is well recognised around the world. It will give us more opportunities to exchange best practices with other leading business schools. We are confident that it will also help us continue to innovate in developing global leaders of today and tomorrow.”
Prof. Bing Xiang, Dean, Cheung Kong Graduate School of Business, China


“We are delighted to have been granted EQUIS accreditation and would like to thank EFMD and in particular the EQUIS Peer Review Team for its constructive and helpful feedback. We appreciate the time and effort they have spent working with us. ESMT is committed to delivering the best business education and preparing their graduates to excel from the first day of their careers, and in this light, we look forward to working together with EFMD to constantly improve and maintain the highest levels of quality.”
Prof. Jörg Rocholl, President, ESMT European School of Management and Technology, Germany

“LUISS Business School including the Department of Business and Management are honored to receive the EQUIS accreditation. The entire process has been challenging and at the same time highly rewarding for the development of new and relevant practices and to grow at the international level. Our multidisciplinary perspective combined with a strong network of corporate relationships and an innovative approach to Ethics, Responsibility and Sustainability have received a powerful external endorsement from this process. The whole experience has been valuable to our institution and we warmly thank EFMD and the peer review team for their support. EQUIS accreditation is a central part and a stepping stone of our institutional strategy.”
Prof. Paolo Boccardelli, Dean, LUISS Business School, Italy


Prof. Michael Osbaldeston, the EFMD Director of Quality Services & EQUIS Director added: "We are delighted to welcome four new schools into the community of EQUIS accredited schools. EQUIS accreditation ensures a rigorous quality improvement process, involving a thorough self-assessment, a visit of an international peer review team, and finally a very experienced Awarding Body evaluating the assessment and findings of the review team to determine whether the School should be granted accreditation. EQUIS benchmarks the School against international standards in terms of governance, programmes, faculty, students, research, and foremost, corporate engagement, internationalisation and ethics, responsibility and sustainability. There are currently no substitutes for such an in-depth assessment of quality and all the schools should be commended for their commitment to excellence."

The benefits of accreditation include:
  • Information for the global education market on the basis of substance
  • International recognition of excellence: international development
  • Mechanism for international benchmarking with the best
  • Sharing of good practice and mutual learning
  • Agenda for quality improvement and future development
  • Acceleration of quality improvement in international management education
  • Legitimacy to internal and external stakeholders that you have a strong international reputation (donors, alumni, government) and that your school meets the high standards of the best business schools in the world
  • Becoming part of a network of top schools to develop relationships with fellow EFMD accredited schools for research, exchanging best practices on programmes, etc.
  • International legitimacy vis-a-vis recruiting international students, creating double degree partnerships, forming international exchange relationships, recruiting executive development custom programme clients, recruiting new faculty.
More information on EQUIS is available at www.efmd.org/equis

7th Global Peter Drucker Forum: "Claiming our Humanity - Managing in the Digital Age”

As in past years EFMD will be a strategic partner of the Global Peter Drucker Forum.

7thGPDF LogoThe Drucker Forum 2015 touches a key theme of our time: it will look at the technology Tsunami - with Robotics, Big Data, Artificial Intelligence, Cloud Computing, and The Internet of Things - through the lens of humanity. This leads into fundamental questions to be discussed at the Conference:
 
In a technology-driven economy, is management still about people? Does it need a fundamental makeover? How can digital technology be leveraged do augment human capacity as opposed to automate and replace it? Can we achieve breakthrough innovation across the board creating new opportunity for people?  Based on the new technology infrastructure - is a new economic order in the making? What is the role of the public sector in this secular transformation?

As the Forum’s strategic partner, we can provide our members with a 10% reduced conference fee. To secure your conference pass at the special rate please register under the following link http://www.druckerforum.org/registration/ and enter the code "EFMD" as prompted in the course of the registration process. Last remaining seats available!

If you cannot make it in person you are invited to join virtually. Free registration for the live stream (sponsored by Scrum Alliance) is available here.

Simultaneous translation from English into Chinese will be available at the Drucker Forum (sponsored by Haier Group). Chinese speaking audiences can active a Chines laguage channel for the live stream as well.

The 2015 roster of world class speakers and thoughtleaders includes:
  • Charles Edouard Bouée, CEO Roland Berger Strategy Consultants
  • Robin Chase, Entrepreneur, Founder & former CEO of Zipcar, co-founder Veniam
  • Tom Davenport, Distinguished Professor in Management and Information Technology at Babson College
  • Steve Denning, Forbes contributor, Member of the Board of Directors Scrum Alliance
  • Charles Handy, Social Philosopher
  • Adi Ignatius, Editor-in-chief of Harvard Business Review
  • Santiago Iniguez, President IE University and Dean IE Business School
  • Jim Keane, President and CEO of Steelcase Inc.
  • James Manyika, Director, McKinsey Global Institute
  • Henry Mintzberg, Cleghorn Professor of Management Studies at McGill University
  • Dambisa Moyo, International economist and writer 
on macroeconomy and global affairs
  • Kevin Roberts, Executive Chairman, Saatchi & Saatchi, 
and Head Coach Publicis Groupe
  • Gillian Tett, US Managing editor and columnist, Financial Times
  • Sherry Turkle, Abby Rockefeller Mauzé Professor of the Social Studies of Science & Technology at MIT
  • Ruimin Zhang, CEO of Haier Group

For the complete speaker's list please go here. The final conference programme is available here.

For more information about the Drucker Forum please also see the article published in the Global Focus June issue Management's Second Curve by Richard Straub, the 2015 Drucker Forum blog series and the conference abstract.

EFMD Awards EPAS Accreditation to Three New Programmes

EPAS Accred 2015 UE IAE

We are happy to announce that the EPAS Accreditation Board has recently awarded the EPAS accreditation to two new Institutions from Poland and France.


Three new programmes from two institutions have been recently recognised by EPAS quality label:
"IAE Montpellier is honored to be awarded EPAS for its Master in International Business programme. IAE Montpellier stands out for its focus on double skills training in management and EPAS accreditation has been a powerful external endorsement for the quality of our programme. The whole process of accreditation has been valuable to our institution and we warmly thank EFMD and the peer review team for their support. EPAS accreditation is a very important part of our drive for continuous improvement."
Mr Eric Stéphany, Director, IAE Montpellier School of Management, Montpellier University, France

“EPAS process is a very disciplined and structured process. Participation in the process by two of our programmes - Bachelor Studies in Finance and Master Studies in Finance - resulted in the improvement of the programmes, first of all, by strengthening corporate relationships, secondly, by identification of the factors driving the quality improvement, and thirdly, by the progress in the internationalisation of the programmes.”
Prof. Krzysztof Jajuga, Head of Bachelor and Master Studies, Faculty of Management, Computer Science and Finance, Wroclaw University of Economics, Poland

Prof. David Asch, Associate Director, Quality Services & EPAS Director, commented: We are delighted to welcome two new Institutions from Poland and France into the EPAS community. Programme Accreditation from EFMD is one of the most effective ways to certify the quality of a programme in the field of business and management. The EPAS accreditation process involves an extensive self-assessment, a visit of an international peer review team and a very experienced jury evaluating the assessment and findings of the peer review team to determine whether the programme should be granted accreditation. Accreditation is about excellence and continuous quality improvement linked to the strategy, vision and leadership of the School. It is also forward looking and helps a School to set a quality agenda for the future.

EPAS was launched in 2005 and in 10 years has had a considerable impact on the quality of business schools programmes all over the world. As of October 2015, 97 accredited programmes from 71 institutions across 31 countries have been awarded EPAS accreditation.

For more information on EPAS visit www.efmd.org/epas

EFMD Awards EQUIS Accreditation to Glasgow University Adam Smith BS

EQUIS Accreditaed 02

We are delighted to announce that the EQUIS Accreditation has recently been awarded to Adam Smith Business School within the University of Glasgow. Congratulations!

This takes the number of accredited schools to 156 across 40 countries.

“The Adam Smith Business School, indeed the University of Glasgow, are extremely pleased and excited with the EQUIS accreditation award. As a consequence of undertaking the accreditation process, the School has learned much and has much to build on. We look forward with greater confidence in our efforts to enhancing further the standing and performance of the School, and to engaging fully with EFMD and the EQUIS team.”
Prof. Jim Love, Head, Adam Smith Business School, University of Glasgow, UK

The following schools were reaccredited by EQUIS:
Please read below what the Deans of the reaccredited Schools say about the achievement.

"The review highlighted a number of areas of strength across the UNSW Business School, including our impressive reputation in the national market, strong corporate connections, the quality of our students and academic staff, the impressive careers of our graduates, our outstanding teaching performance, and the strong research ethos that permeates throughout what we do. There are over 10,000 business schools in the world, but only 156 have received EQUIS accreditation and not all are granted the full five-year accreditation, which places the School in an exclusive group of the world's leading business schools."
Prof. Chris Styles, Dean, University of New South Wales Business School, Australia
 
"This third renewal of our EQUIS accreditation is proof of our constant efforts and the way the School devotes all its resources to reaching and even surpassing the highest quality standards. HEC Montréal has been among the world’s top business schools for over 15 years now, and we are very proud of that achievement."
Mr. Michel Patry, Director, HEC Montréal, Canada

"Universidad de los Andes School of Management is delighted to receive news about its EQUIS re-accreditation. Since 2003, year in which the School was accredited by EQUIS for the first time, this process has been fundamental for the development of our School in different dimensions such as strengthening our faculty and research, gaining international positioning and enhancing the relations with different types of organisations. Being part of a select group of Schools characterised for their high quality standards and impact on society has helped us create a continuous improvement environment which allows us to offer high quality education in Colombia. This achievement is a joint effort of faculty, students, staff and other stakeholders who are deeply committed to this endeavour."
Dr. Eric Rodríguez, Dean, School of Management, Universidad de los Andes, Colombia

"We are delighted to have been reaccredited by EQUIS. The stringent process of the EFMD and the international experts who carry out the accreditation really help us to gage how our programmes and initiatives measure up against other leading global business schools. Their final conclusions and recommendations help us to focus our constant innovation and investment on key areas of the institution where most impact can be made."
Mr. Enrique Bolaños, President, INCAE Business School, Costa Rica

"We are very happy to have received re-accreditation for five new years. This is very important for BI Norwegian Business schools pursuit to reach our international ambitions. I will also like to thank the peer review committee for a good process and both insightful an constructive comment to improve the school even further."
Dr. Inge Jan Henjesand, Rector, BI Norwegian Business School, Norway

"We are proud to be among the only six institutions within the German-speaking countries to receive the EQUIS accreditation for five years. After our accreditations in 2009 and 2012, this shows evidence of our continuous quality improvement and institutional development. Again we attained insightful feedback through the peer-review process that is much appreciated. We are confident that this 5-year accreditation will enable us to follow our strategic priorities and continue to evolve both our strengths and opportunities."
Prof. Harald Gall, Faculty of Business, Economics and Informatics, University of Zurich, Switzerland

"We are extremely pleased to have been awarded the highly sought-after 5 year EQUIS accreditation status by EFMD. This award reflects the University of Bath School of Management’s consistent approach to recruiting high calibre students, providing high quality programmes and delivering world class, impactful research. As Dean, I am delighted that the hard work of my colleagues across the School has been recognised in this way and I look forward to continuing our journey as a leading international School of Management."
Prof. Veronica Hope Hailey, Dean, School of Management, University of Bath, UK

"EQUIS accreditation is one of the most important benchmarks available to business schools to ensure excellence in teaching, student experience, research and outreach. I am very pleased that our substantial effort to continually improve in all aspects of what we do has been well recognised."
Prof. Jon Reast, Dean, Bradford University School of Management, UK

Prof. Michael Osbaldeston, the EFMD Director of Quality Services & EQUIS Director added: "We are delighted to welcome Adam Smith Business School, University of Glasgow, into the community of EQUIS accredited schools. EQUIS accreditation ensures a rigorous quality improvement process, involving a thorough self-assessment, a visit of an international peer review team, and finally a very experienced Awarding Body evaluating the assessment and findings of the review team to determine whether the School should be granted accreditation. EQUIS benchmarks the School against international standards in terms of governance, programmes, faculty, students, research, and foremost, corporate engagement, internationalisation and ethics, responsibility and sustainability. There are currently no substitutes for such an in-depth assessment of quality and all the schools should be commended for their commitment to excellence."

The benefits of accreditation include:
  • Information for the global education market on the basis of substance
  • International recognition of excellence: international development
  • Mechanism for international benchmarking with the best
  • Sharing of good practice and mutual learning
  • Agenda for quality improvement and future development
  • Acceleration of quality improvement in international management education
  • Legitimacy to internal and external stakeholders that you have a strong international reputation (donors, alumni, government) and that your school meets the high standards of the best business schools in the world
  • Becoming part of a network of top schools to develop relationships with fellow EFMD accredited schools for research, exchanging best practices on programmes, etc.
  • International legitimacy vis-a-vis recruiting international students, creating double degree partnerships, forming international exchange relationships, recruiting executive development custom programme clients, recruiting new faculty.
More information on EQUIS is available at www.efmd.org/equis

Eight Programmes Successfully Reaccredited by EPAS

We are happy to announce that the EPAS Accreditation Board has recently reaccredited eight programmes from six institutions:

The following programmes have been reaccredited by EPAS:

"The process of the EPAS accreditation has helped sharpen our focus on the strategic priorities. A mission and strategy are often easy to formulate but more difficult to implement.  By focusing on the processes in the EPAS framework we know what variables we can work on over the coming years in our journey of educational excellence."
Prof. dr. Rudy Martens, Dean, Faculty of Applied Economics, University of Antwerp, Belgium

"EPAS re-accreditation of programme set Financial Management and Marketing Management comes as a validation of our efforts to provide our students with the educational experience of the highest quality, in accordance with the most demanding international standards. It further motivates us on our path of reaching excellence in all our processes. We are deeply convinced that our affiliation to the family of EFMD accredited institutions has inestimable contribution in the processes of attaining our mission to become a prestigious higher education institution in the area of economic and business sciences in South East Europe region by 2025."
Dr. Jasmina Selimović, Vice Dean for Academic Affairs and Research, School of Economics and Business, University of Sarajevo, Bosnia-Herzegovina

"We are delighted that our Degree Programme in International Business has been awarded with EPAS reaccreditation. We would like to thank the peer review team for their contribution to enhancing our quality. I would also like to thank our faculty and staff members for their commitment and enthusiasm during this rewarding learning process."
Dr. Asta Wahlgrén, Director, School of Business, JAMK University of Applied Sciences, Finland

"The accreditation is a result of a joint effort of the management, the faculty, the students, the corporate partners and the alumni. It was not only a benchmarking but a team building project as well."
Dr. Maria Dunavölgyi, EMBA, Corvinus University of Budapest, Hungary


"The Kemmy Business School at UL is delighted to achieve 5 year accreditation for our flagship undergraduate programme. Ever since our first EPAS accreditation in 2009, we have found the EPAS accreditation to be extremely valuable for the School."
Dr. Philip O'Regan, Executive Dean, Kemmy Business School, University of Limerick, Ireland

"Wielkopolska Business School is very pleased and proud to receive EPAS accreditation for Executive Master of Business Administration. This accreditation confirms the highest quality of education and professionalism of our team. In addition, EPAS accreditation process was very beneficial experience and unique opportunity to rethink what we are doing and what we can improve and develop. I want to thank Peer Review Team and Accreditation Board for feedback and high valuable process."
Mr. Grzegorz Giza, Director, Wielkopolska Business School, Poznan University of Economics, Poland

The EPAS process considers a wide range of programme aspects including:
  1. The market positioning of the programme nationally and internationally
  2. The strategic position of the programme within its institution
  3. The design process including assessment of stakeholder requirements – particularly students and employers
  4. The programme objectives and intended learning outcomes
  5. The curriculum content and delivery system
  6. The extent to which the programme has an international focus and a balance between academic and managerial dimensions
  7. The extent to which the programme promotes the principles of responsible management
  8. The depth and rigour of the assessment processes (relative to the degree level of the programme)
  9. The quality of the student body and of the programme’s graduates
  10. The institution’s resources allocated to support the programme
  11. The appropriateness of the faculty that deliver the programme
  12. The quality of the alumni and their career progression
  13. The existence of robust quality assurance process
Prof. David Asch, Associate Director, Quality Services & EPAS Director added: "I would like to warmly congratulate the six Institutions that have successfully gone through the EPAS reaccreditation process. Their achievement illustrates these Institutions’ commitment to the continuous  improvement of the quality of their programmes. The highly demanding EPAS standards ensure that accredited programmes are designed and delivered so that they are both academically rigorous and have practical relevance for students in today’s global environment."

EPAS was launched in 2005 and in 10 years has had a considerable impact on the quality of business schools programmes all over the world. As of June 2015, 94 accredited programmes from 69 institutions across 31 countries that have been awarded EPAS accreditation.

For more information on EPAS visit www.efmd.org/epas

Quality Services Events in the Second Half of 2015

Would you like to learn more about the EFMD Quality Services offer? Do you manage the accreditation process and wish to gain a thorough understanding of the process, standards & criteria? The EFMD Quality Services have different types of seminars that will address your needs, wherever you might be in your accreditation journey.

EQUIS logo13 LRWe are happy to publish the upcoming accreditation events in the second half of 2015.

Learn more about EQUIS, EPAS and EDAF by attending one of the different types of information events:

-    Information sessions: Get a glimpse of the process! These events are targeted at Business Schools with little knowledge of EFMD accreditations and quality services (2-3 hours sessions)

-    Introductory seminars: Already know a little but still undecided? These seminars are targeted at Business Schools that consider EFMD accreditation or mentoring, but have not decided yet if or when to start the process (typically, a half-day seminar)
EPAS logo13 LR
-    Standard accreditation seminars: Decided to embark on the accreditation journey? These seminars are targeted at Schools that have already decided to pursue either EQUIS or EPAS, are considering applying for EQUIS or EPAS accreditation, or are holding active eligibility and wish to get a better understanding about the system. They allow for an in-depth preparation of the application phase (typically, a 1,5-day seminar)

-    XXL accreditation seminars: Brilliant! Already in! We will guide you through the process. These seminars are targeted at EQUIS and EPAS eligible and accredited Schools. The seminars provide in-depth guidance on how to complete the different steps of the EQUIS or EPAS accreditation process successfully:  how to compile a Self-Assessment Report, how to organise an effective Peer Review Visit and how to manage the post-accreditation phase including the write-up of progress reports (typically, a 2-day seminar)

EDAF logo15 LRStill uncertain about which of the above events is most suitable for you and your School? Please contact the Quality Services Office via This email address is being protected from spambots. You need JavaScript enabled to view it., 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..">This email address is being protected from spambots. You need JavaScript enabled to view it.. We are always happy to assist you!

The QS department plans the following events in the coming months:

XXL accreditation seminars
-    EPAS XXL Accreditation Seminar in Brussels on 17-18 September 2015 – EFMD Office
-    EQUIS XXL Accreditation Seminar in Brussels on 17-18 September 2015 – hosted by Solvay Brussels School of Economics and Management

Standard accreditation seminars
-    EQUIS and EPAS Accreditation Seminars in Prague on 15-16 October 2015 – hosted by University of Economics, Prague – Faculty of International Relations

Introductory seminars
-    On EQUIS, EPAS and EDAF in Phuket, Thailand on 22 November 2015 (after the EFMD GN Asia Annual Conference)
-    On EPAS and EDAF in Dar es Salaam, Tanzania on 1 December 2015 (after the EFMD Africa Conference)

Practical information about registration, prices and logistics will be published on the EFMD website in due course.

Reflections on the Future of Business Schools and Elephants

Guest post from Prof. Johan Roos, Dean and CEO of Jönköping International Business School, Sweden.

Johan Roos
will moderate the panel discussion "What’s Next for Management Education" during the 2015 EFMD Conference for Deans & Directors General in Barcelona. Andrew Hill, Associate Editor and Management Editor, FT, and a group of distinguished panelists will reflect on what business schools do in different regions of the world in relation to the current world situation.

elephant building surreal pen ink drawing by vitogoni d5rnr84DURING the course of in 2013-2014, as the Dean of a Swedish business school I participated in three educational programs devoted to exploring and assessing the status of higher education and what university presidents, deans and senior-levels administrators can do to improve our future.  One conference was an 18-months-nine-weekend program offered by The Association of Swedish Higher Education. Another was a 1-weekend seminar at the Harvard University Graduate School of Education for experienced university presidents. The third was the week-long leadership in higher education program offered by the Oxford Academy for Education and Development. In reviewing these learning experiences as part of my preparation for the upcoming 2015 EFMD Conference for Deans & Directors General, I had three insights that may help many of us strategize for 2015 and beyond.
   
Insight #1 – Higher Education today is like the parable of the 3 blind men and the elephant.
We all know the tale of the blind men who want to understand what an elephant is. One blind man feels the elephant’s leg and so thinks it is an animal that must look like a tree. The other blind man feels the tail and thinks an elephant is a thin and wispy animal. The third blind man feels the trunk and believes that elephants are like snakes.

In the same way, over the course of my three programs, I felt that I was in the company of blind men and women trying to figure out what higher education should look like in the future. Each of us had a very different sense of the ailments that are currently challenging us.

•    Some very thoughtful colleagues believed that the loss of professorial control over courses and curricula to centralized planners in their schools constituted a major blow to good teaching and rapport between students and faculty.
•    Others focused on how the growing demand for measurable student “outcomes” was pressuring them to abandon the teaching of thinking and analysis, for a focus only on vocational competence development.
•    Still others worried about the growing financial pressures on higher education, especially among state-owned schools that are facing budgetOpportunity cuts and pressure to reform their operations. My heart went out to several university leaders in African nations whose deepest concerns were finding clean water for their schools in parched countries, or staying safe from marauding terrorists 100 miles from their gates.

As I reflected on these problems, what became clear to me was that every one of us was sensing some type of elephant, though we interpreted it differently. We all felt problems looming ahead, even if each person was struggling with challenges that are local and on the plate directly in front of them. But to me, what was worse was that nearly everyone saw their challenges in a negative way, more like a crisis than an opportunity. There was a pall of fatalism dominating the soul of the gatherings, and it was disconcerting.
I am an optimist and I hope that I can inspire others to adopt my position that change is possible, that we can walk into the future with great ideas to guide our institutions to higher goals and serve the purpose of a better world.

Insight #2 – There is an elephant in the room—and it’s a good thing.
As for bringing insight #1 home to myself, I realized that when it comes to business education, we are looking at the proverbial elephant in the room that we don’t want to talk about but it is actually a great omen of change. Of course, we all know that business schools are in need of serious reconstructing, but I suggest it is now time to see opportunities that we have in front of us rather than denying the crisis.  We have remained ensconced in the same paradigms of thinking, teaching, and researching as we have done for more than fifty years, while the world is changing around us.

We are seemingly deaf to the outside global business world telling us that they require a new type of education for business students, yet we have the tools, minds and ability to develop many great new ideas. We have been blind to building new programs and curricula that take into account how the business world intersects technology, science, engineering and medicine, yet these are perhaps the most fascinating areas of growth for business schools. We act defensively about the pressure to find new ways to teach and learn, yet MOOCS could be our silver lining to an efficient, imaginative and responsible blended lifelong learning approach that could also create a renaissance of the classical high touch, high value tutorial system of education. In short, let’s look at the elephant in the room and see it as reminder to innovate rather than run away pretending it is not there.

changeInsight #3 – We need to make changes of an elephantine nature.
Three programs hardly form a pattern, but it was impossible for me not to see that the tasks in front of us are enormous. To keep my elephant metaphor, the problems we face require action of elephantine proportions, ranging from a complete overhaul in how we prepare students for higher education, to what types of curriculum and programs we offer them, to what relationship their business education has to do with working in the real world of business. These are all potentially large paradigm changes to tackle, but they will help us reinvigorate the ultimate purpose of higher education grounded in freedom of thought, integrity, quality, and responsibility.  Such reconstruction will take time, great effort, and patience, but it can be done.  I suggest that 2015 is a good year to start because 2014 is already gone.  Elephants or not, it is time to get to work.

EQUIS Policy Revisions 2014 - Multi-Campus Operations, Collaborative Provision, Institutional Change & Restructuring

equis2013The 2014 revision of the EQUIS documents include three significant changes in the EQUIS Process Manual Annexes, all related to specific features of business school operations.

1. Policy on Multi-Campus Operations (Annex 12)

Many business schools are nowadays spreading their activities across multiple campuses and, in some cases, it is not even clear anymore which campus is to be considered the headquarter (home) campus. Given that quality may differ greatly within a business school’s campus network, the EQUIS process must include a review of the school’s activities at different campus locations, the linkages between them, the degree of managerial and operational independence granted to them and the form of control exercised by senior management. The purpose of the new annex is to ensure that schools in process supply sufficiently detailed information on their campus networks at all stages of the accreditation process.

The new EQUIS policy requires schools to include all of its campuses and provide a detailed description in the Self-Assessment Report with an informative summary added to the datasheet and supporting evidence presented in the base room. The information to be submitted includes: Description of the activity portfolio carried out at each campus location, local resource support, governance mechanisms to control campus activities and to ensure coordination within the campus network, quality assurance, financial performance and risks specific to local operations. Multi-campus strategies, development objectives and performance milestones need to be explained in detail as well. Peer Review Visits may involve several campuses, typically the headquarter campus and the perceived weakest links within the campus network.

For further information, see Annex 12, EQUIS Process Manual Annexes.

2. Policy on Collaborative Provision (Annex 13)

The 2014 document changes serve the purpose of further detailing existing policy. An increasing number of business schools deliver degree programmes in collaboration with partner institutions. The partners may be located in the same country or offshore; they may be academic or non-academic institutions. Degrees may be awarded solely by one of the partners, jointly by several partners (joint degrees) or individually by several (typically not more than two) partners (dual degrees). Collaborative provision is normally regulated by bilateral agreements. Consortium structures can be set up with a portfolio of bilateral contracts or may be formally operated as a joint venture.

Collaborative provision implies that the business school requesting EQUIS accreditation is likely not to fully control the design, delivery and management of the respective degree programmes. It is therefore necessary to assess during an EQUIS review how collaboration is impacting quality and therefore indirectly the EQUIS brand.

The document revisions clarify that some forms of collaborative provision (e.g. dual degree offerings in support of student outward mobility for the School’s main degree programmes) have become a mainstay in management education and are therefore unlikely to warrant special attention under this policy. Off-campus delivery in cooperation with a lesser reputed partner institution definitely will.

The revised policy makes the information requirements more explicit. Schools are required to describe all collaborative activities (including partner institutions) in full as an appendix to the Self-Assessment Report with an informative summary also included in Datasheet. The Base Room must include partnership agreements, policy documents, minutes, (financial) data and any further evidence needed to understand the School’s collaborative activities. Otherwise, the previously established process still applies.

For further information, see Annex 13, EQUIS Process Manual Annexes.

3. Policy on Major Institutional Change and Restructuring (Annex 18)

The existing Policy on Major Restructuring has been modified to clarify its scope and when it is necessary to notify the EQUIS Office. In addition, the potential consequences have been strengthened, all in an effort to protect the EQUIS brand.

The addition ‘Institutional Change’ to the title of this policy reflects the observation that ‘major restructuring’ is in many instances triggered by ‘major institutional change’. The parent of an accredited school may for instance decide to merge the business school with another unit, which can alter governance, autonomy, strategic outlook and operations in fundamental ways. Alternatively, an accredited school may be negatively affected by changes in its economic environment (e.g. departure of a major donor, tightening of student visa regulations), which can eventually serve as a trigger for major restructuring.

The 2014 version clarifies the policy’s intended scope: The policy already applies when it can be reasonably assumed that major institutional change will occur (rather than when major institutional change or the resulting restructuring actually materialise). It also includes instances where institutional change and restructuring are not the result of a deliberate act by the accredited school.

Schools need to notify the EQUIS Office without undue delay in case the institutional change is potentially “major” and then the previously established procedure applies. Failing to submit notification, submitting the notification too late or misrepresenting the institutional change and its consequences can lead to the suspension of accreditation at the discretion of the EQUIS Accreditation Board.

For further information, see Annex 18, EQUIS Process Manual Annexes.

EFMD Introduces Broader Coverage of Ethics, Responsibility and Sustainability to EQUIS

equis2013The 2013 edition of the EQUIS documents for the first time broadly recognizes the role of business schools as ‘globally responsible citizens’ and as advocates of ethical and sustainable behavior in business and society. ‘Ethics, Responsibility & Sustainability (E∙R∙S)’ has been added as a transversal feature to the EQUIS system implying that these aspects are now covered throughout the EQUIS Standards & Criteria (S&C) – with a dedicated chapter (replacing the chapter on ‘Contributions to the Community’) as well as sections in most other chapters. E∙R∙S is therefore positioned in the same way as ‘Internationalization’ and ‘Corporate Connections’ (see Figure).

Figure: The EQUIS Criteria Framework
equisframe















The approach adopted by EFMD reflects the belief that E∙R∙S is relevant for every aspect of business school management and operations. The starting point for business schools should be to reflect on the role of E∙R∙S in mission, vision and strategy (EQUIS S&C, chapter 1). The adopted strategy should be backed up with clearly defined objectives, specific milestones and adequate resource support. It is further assumed that the strategy is broadly communicated to the various stakeholder groups.

Business schools should integrate E∙R∙S into their educational offerings, which include degree programmes (EQUIS S&C, chapter 2) and non-degree executive education (EQUIS S&C, chapter 6). Reporting should differentiate between offerings dedicated to E∙R∙S and coverage in other programmes. In the case of degree programmes, detailed information should be provided on how E∙R∙S is integrated in programme design, delivery and assessment. It is certainly expected that applicant schools have moved beyond the still widely used approach of simply tagging on an E∙R∙S module to the curriculum with no obvious connection to the programme core. In addition, E∙R∙S should be linked to all facets of student management, which includes recruitment, admissions, scholarships and awards, diversity management, personal development as well as support provided for (extra-) curricular student engagement (EQUIS S&C, chapter 3).

The new standard will challenge business schools to reflect on how E∙R∙S can be mapped into faculty management (EQUIS S&C, chapter 4) and how faculty can be encouraged to integrate E∙R∙S into research & development (EQUIS S&C, chapter 5). Applicants should also present evidence that they are actively contributing to the ethical, responsible and sustainable development of businesses and business practices (EQUIS S&C, chapter 10). Explicit policies should be in place to ensure that E∙R∙S is firmly embedded in the School’s infrastructure management, operations, and administration (EQUIS S&C, chapter 7).

A transversal chapter dedicated to E∙R∙S (EQUIS S&C, chapter 9) represents the anchor of the new standard. It gives Schools the opportunity to summarize their E∙R∙S-related achievements and to report on their contributions to the ethical, responsible and sustainable development of local as well as global communities.

The revised EQUIS documents are operational as of now. Schools in process must ensure that they comply with all E∙R∙S-related changes, which also includes an additional section in the EQUIS data sheet and revised information requirements for the Self-Assessment Report and the Base Room.

Given the holistic nature of the EQUIS framework and the emphasis placed on diversity, business schools will have considerable degrees of freedom in complying with the E∙R∙S standard. The introduction of E∙R∙S should therefore not be misinterpreted as a fundamental questioning of management education as practiced by most business schools today.

In recent years, many EFMD member institutions have adjusted their educational offerings, their research foci and in some cases even their strategic development trajectories to address issues such as global warming, unethical behavior of high-profile managers and business practices perceived to be socially irresponsible. These achievements have largely escaped public attention. With the revised EQUIS framework, business schools are given a more explicit opportunity to document their multi-faceted contributions to E∙R∙S and to achieve recognition for embracing their wider role in society.

If you have any questions or require further details on EQUIS please contact us via This email address is being protected from spambots. You need JavaScript enabled to view it.

What does the future hold for academic research?

imagesMost deans of leading business schools would agree that being a top-performing faculty member is synonymous with being a top researcher. The production of widely cited A-level articles has become the core ingredient for a successful academic career, leading to peer recognition, tenure and ever-larger pecuniary rewards in the form of higher base salaries and bonuses.

At the same time, though, many practitioners would argue that the way academics are conducting research is the very essence of what is wrong with business schools today. They claim that research methodologies and outcomes are too often detached from the realities of managing enterprises and that researchers lack the motivation as well as all too often the ability to credibly surpass Andrew Pettigrew’s double hurdle of generating academically meaningful as well as practically relevant knowledge.

What is particularly worrying about this long-standing debate is the apparent unresponsiveness of the business school community, which continues to operate in the “we know best” mode. Business schools are facing environmental dynamics that will eventually make change inevitable. PhD programmes are not producing enough graduates to fulfil the hiring needs of a rapidly growing sector. Market entry by non-research for-profit providers will produce additional challenges to a system where business schools are using a large part of their resources to support a seemingly zero-return activity. There are effectively two pieces to the puzzle.

Researchers argue that they are, above all, writers seeking recognition from their peers. In contrast, communication experts claim that business schools need to improve on their customer orientation. They should produce research that meets the real needs of their stakeholders in terms of content and packaging.

Building a bridge between these two positions is not impossible. Business schools are currently operating based on model where researchers are drifting like particles in institutional space, where they have complete freedom to interact with other particles within or across institutional boundaries and where they eventually release output that is measured by a centuries-old metric.

But why not define academic research as a starting point of an innovation chain? It would allow researchers to focus on what they know best, the production of peer-reviewed articles. It would also, however, introduce the research outcomes into a refinement process that leads to spin-off outputs such as case studies, podcasts,  business simulations, policy position papers, open source e-learning content and interactive communication with corporate partners.

Embedding researchers into vertical innovation chains might also foster mutual learning with practitioners, which will affect the direction of research \and thereby address the main criticism of the corporate world.

In sum, business schools should reflect on how to organise their research activities better in order to justify the significant resource commitments. Laissez faire, with some moderation using a system of external, peer-based controls, has so far not enabled them to pass the double hurdle test. Existing research capabilities could possibly be made better us of by reversing the atomisation of research production and by creating support structures for top researchers.

Proceeding on this line must and should not infringe on the academic freedom of the individual researcher as since this would probably lead to harmful feedback effects in terms of research quality and productivity. However, business schools should attempt to break open their research silos and let the wider community that surrounds them participate in the benefits of their knowledge-generation activities.

Ulrich Hommel, Director of Research & Surveys at EFMD