Archive for July, 2009

EFMD Survey on Management Education Participation

July 5, 2009

EFMD’s Global Deans Survey shows a positive outlook for MBA and Masters programmes, and a slightly improving picture for executive education

For the second time in 2009, EFMD has conducted a survey with its global network of business school deans and directors general to gauge the impact of the crisis on their institutions. A short online survey consisting of 10 questions probing for current as well as expected enrolments in MBA, Masters and executive education programmes was carried out firstly in January and then again in May 2009. EFMD will conduct a further survey in January 2010.

Key Findings

Real-time monitoring of the increase and decrease percentages between January 2009 and June, shows that:

  • MBA programmes show a very positive trend, the majority of respondents continue to report an increase in enrolments.
  • Other Masters programmes carry on benefitting, with 65% of respondents reporting a continued increase in enrolments.
  • For company specific executive education today, the emerging picture is diverse with about one third of respondents reporting no change in enrolments, one third reporting a decrease and one third indicating an increase in enrolments.
  • A smaller number – about half –  of the deans report a negative trend in company specific executive education participation.
  • A decrease of open executive education enrolments is declared by about the same number of institutions.

 As for the next academic year, survey respondents remain confident and expect a continued and still growing interest in MBA and Masters programmes:

  • 61% expect an increase in enrolments for MBA programmes.
  • 66% foresee an increase in participation in their Masters programmes.

 Forecasts for executive education translate into:

  • 25% of the respondents are expecting no change in the number of participants.
  • 49% are expecting enrolments for company specific interventions to increase.
  • 40% are reporting an expected increase in open enrolment programmes.

Check:

EFMD Crisis Barometer

Deans and Directors General Survey – 2nd edition – June 2009

http://www.efmd.org for further details

Povl Tiedemann

July 2009

The Globally Responsible Leadership Initiative -GRLI

July 1, 2009

The GRLI community, today consisting of approx. 60 companies and business schools / learning institutions from five continents, has issued a call for action as per extracts from statements in Global Focus The EFMD Business Magazine:

The current financial crisis has shown that the ideal of a self-regulated system has led us to failure on a global level, with long tem implications for economic development and human well-being. At the heart of this failure is a lack of both responsibility and leadership.

We need more responsible leadership to implement a more comprehensive model for sustainable development. This requires a profound change in individual mindsets and behaviours as well as in overall corporate value. What is necessary is that both individuals and corporations assume their responsibility towards the common good.

This cultural change and evolution of mindsets should be based on re-visiting three main areas:

A) The raison d´être of the firm – The primary purpose of the firm is to contribute to overall well-being through economic progress. Shareholder value is but one of several measures of performance. Entrepreneurial actions are defined in terms of initiative, dynamism and innovation. We have to come back to the core of the entrepreneurial action, which is creativity in a real world of goods and services, as opposed to a logic of purely financial speculation.

B) Leadership and ethical fitness – Responsible leadership implies the grounding of actions in a system of values that recognises societal interdependence and long-term sustainable development. If the firm wishes to lend meaning to actions, if it wants to give a purpose to economic progress by aligning it to societal progress, ethics are essential to enlighten tough choices and guide behaviour. The main ethical question for our time is to choose what kind of world we want to build together with the immense resources we have at our disposal.

C) Responsible corporate statesmanship – Corporate statesmanship is about the organisation as an active contributor to societal well-being and evolution. The responsible firm accepts an open debate whenever its actions can have major societal consequences. New types of dialogue, which include representatives of civil society and international institutions, need to be added to the discussion with societal partners and governments.

Such an approach must obviously go beyond the national framework. In devising this necessary shift in culture, it is important to keep in mind that we are referring to an on-going inquiry process through dialogue between various stakeholder-actors: the political world – economic actors – social enablers.

Importantly, it also implies a necessary re-thinking of the way business, political and social leaders are educated and trained.

Check http://www.efmd.org/globalfocus for the full article text and http://www.grli.org for further documentation.

Povl Tiedemann

May 2009