According to Alain Dominique Perrin, the year started positively with the largest number of Deans at the Annual Dean’s Conference in Istanbul. 2300 members have attended events and seminars throughout the year. Problems in the economic cycle mean that business schools are facing many challenges. EFMD is a source of knowledge and sharing of best practices to help them overcome these problems. Mr. Perrin then thanked everyone for attending conferences, being a part of PRT and making contributions on boards.
Alain Dominique Perrin then asked the assembly to ratify the new members into EFMD.
At the 1st EFMD Americas in Sao Paulo, Ambassador Marcos Azambuja gave an amusing and insightful talk about the current state of Brazil. He talked about the political and economic context of the country, its strengths and also its weaknesses and the challenges it faces. Continue reading
A guest blog by Patrick Mazzariol and Tricia Underwood.
The most important asset to an organization is the people making employee retention a critical element of the organization. An employee’s reason for leaving their company may not be what you suspect: more money, a better title or a new career opportunity. In fact, when one million people were polled by Gallop in 2008, 82 percent responded, stating that, “I left my manager not the company.” The same poll found that there is a high correlation between employee satisfaction and performance, and an even higher correlation between leadership practices and employee satisfaction. A manager’s leadership skills have greater influence on employee fulfillment at work that most companies are willing to recognize. Companies must take an active role to build key leadership qualities and environments, less face the revolving door of employee turnover and a weaker organization. Continue reading
Speaking at the opening of the “Finance in New York” Transcontinental Programme, Marianne Schenk, Director of Talent Management at Credit Suisse, New York, gave some key insights into how the newly arrived students should think about managing a career in the finance industry. With 23 years of experience of working in the Zurich based financial services firm, Ms. Schenk was able to share her knowledge of working in a highly international and fast moving context on both sides of the Atlantic. Continue reading
Next week will be the final week before the end of term in a host of universities across the different parts of the world. For many students this brings the dreaded exam week and often a huge amount of self doubt with it. Many have thoughts of giving up the whole process at this time. After all, Bill Gates, Steve Jobs and Mark Zuckerberg are all college dropouts and they seem to have done alright for themselves. If they could succeed with a degree, is it really necessary to spend all that time and effort? It might seem like a nice idea but unfortunately, these few examples don’t tell the entire story.
At the recent Peter Drucker forum in Vienna, I was lucky enough to catch up with Rick Goings, CEO of the Tupperware Brands Corporation, a multi-brand, multi-category company. The company achieved great success by distinguishing itself through direct sales and its famous Tupperware parties. The company was founded just after the Second World War when it was all about ‘plastics’. During the 50s, 60s, 70s and early 80s Tupperware went through wonderful years until it hit a wall. But Goings is passionate about the company and since he joined Tupperware in 1992, its fortunes have revived. Today it employs 13 500 people and has revenues of $2.3 billion.
Autumn is the time of year when many newspapers and journals produce their university league tables. For example, September saw the publication of the Financial Times (FT) Business Education Supplement, and in the UK the Sunday Times Good University Guide, offering different takes on where to study. These two are targeted at very different audiences. The Sunday Times Guide is aimed at parents as much as students, recognising that parents have a significant stake in the decision making process that leads to undergraduate study choices, whilst the FT Supplement is written for mainly for business people intent on furthering their careers, by making a shrewd investment in a Masters level qualification.