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EQUIS WELCOME

EQUIS WELCOME. efmd European Foundation for Management Development. A Network Organisation. 400 Member Organisations in over 40 countries. Business Schools & Universities Large Companies Executive Development Centres Consultancies Public Service Agencies

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EQUIS WELCOME

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  1. EQUIS WELCOME

  2. efmdEuropean Foundation for Management Development A NetworkOrganisation 400 Member Organisations in over 40 countries • Business Schools & Universities • Large Companies • Executive Development Centres • Consultancies • Public Service Agencies • Professional Associations Self-financing through Membership Fees & Conference Charges

  3. efmd • Mission: - The International Network - The Forum for the Profession - The Ambassador for European Management Development • Activities: - Networking events & seminars - Information services - Special projects - Quality services

  4. Update EQUIS/EQUIP • EQUIS:64 Schools Accredited - of which 15 outside Europe: AIM,CapeTown, Curtin University of Technology, EAESP/FGV- Fundação Getulio Vargas, Egade, HEC Montreal, Stellenbosch, HKUST, Richard Ivey, University of Florida, Uniandes, University of Washington, Thunderbird, UQAM and Wake Forest - of which 6 re-submissions 35 Schools in the Pipeline - of which 14 outside Europe • EQUIP: 7 Schools audited - phased out by new EQUIS process Updated 28/03/2003

  5. Objectives of EQUIS • To Provide an Instrument for Comparison and Benchmarking • To Promote a Shared Vision of Quality Standards Convergence upon best practice without sacrificing diversity • To Accelerate Quality Improvement in international management education • To Provide Market Information • To Establish an Accreditation Process through the Award of a European Quality Label For schools individually For the Management Education System

  6. EQUIS Management System Board EQUIS Awarding Body EQUIS Committee EQUIS efmd EQUAL

  7. The EQUIS Approach • Basic Principles: • Respect for Diversity • Diversity of national educational systems • Diversity of programme formats • Diversity of expectations and values • Start with an understanding of the local context • No one model • A transnational approach

  8. The EQUIS Challenge Coverage of Vast Diversity A Single System Institutional DiversityNational Education Systems Status and Organisation of Higher Education Institutions Programme Diversity First-Degree Programmes Postgraduate Programmes Executive Education Geographic and Cultural Diversity

  9. Key Characteristics of EQUIS 1- Institutional Assessment 2- Driven by the Management Development Profession 3- Involves both Academic and Corporate Stakeholders 4- Respect for Diversity 5- Managed by a Multicultural Group 6- Three Dimensions:- General Quality - Internationalisation - Interface with the Professional World 7- Balance between Academic and Professional Dimensions

  10. Benefits of International Accreditation • Recognition in the international marketplace for management education (BS, students and companies) • Possibility for schools to measure themselves against criteria that are internationally recognised i.e. access to International Benchmarking • A way of integration in the international community of business schools • An instrument of strategic institutional development • An accelerator of quality improvement and innovation (agenda for change)

  11. The EQUIS Criteria Framework CORPORATE CONNECTIONS Executive Education ProgrammeQuality CONTEXT STUDENTS PHYSICAL AND AND PersonalDevelopment FACULTY RESOURCES MISSION PARTICIPANTS Research&Development Contribution to the community INTERNATIONALISSUES

  12. The EQUIS Accreditation Process End 0. Inquiry 1. Application 2. Eligibility Strategic Advice No Yes 3. Self-Assessment 4. Peer Review 5. Awarding Body Ready EQUIS Accredited Yes No Not ready 6. Guided Development

  13. First Contact: Generic Interest Information and Preliminary Advice on EQUIS Information on efmd membership Stage 0: Inquiry Stage 1: Application • Standard package of EQUIS documents sent • Formal Application and Data Sheet received • On-site Briefing Visit

  14. Stage 2: Eligibility • Decision by EQUIS Committee • Determine if the institution has a reasonable prospect of achieving accreditation within 5 years • Identify problem areas • Help School assess gap in relation to EQUIS standards • Outcomes • Eligible (Go to Stage 3) • Unconditionally • With a clear indication of the risks • Not eligible • EQUIS offers strategic advice

  15. Stage 3: Self-Assessment • Preparation of Self-Assessment Report • Assistance by EQUIS • Preparation of Peer Review Visit

  16. Self-Assessment The Process • Clear communication of objectives throughout the institution • Involvement of all the main actors:- stakeholders - wide cross-section of staff • Definition of methodology • Setting up of a structure:- project leader - working parties • Information gathering : facts and figures, documents • Analysis/Diagnosis: balanced, comprehensive, realistic, self-critical • Drafting of a report: descriptive, diachronic, analytical Internal Communication Basis for Peer Review

  17. Self-Assessment The Objectives • Learning Process for the Entire Institution • historical awareness • strategic awareness • awareness of quality-related issues • “continuous improvement” concept • Strategic Self-Audit • opportunity to take stock • strengths and weaknesses • constraints, threats, opportunities • competitive positioning • relevance/coherence/feasibility of current strategy • Measurement of the school’s activities against external quality standards - benchmarking

  18. Stage 4: Peer Review Visit • International Peer Review - 4-member team 1 Academic representing the local environment 2 Academics from different countries 1 Corporate representative - 3-day visit: Assessment of the whole institution - Drafting of a report …/...

  19. Stage 4: Peer Review Visit • Outcomes • Peer Review Report • Evaluation against the EQUIS criteria • Recommendations for future development • Requirements for achievement of accreditation • Suggestions for improvement • The Report may recommend immediate submission to the Awarding Body

  20. Stage 5: AwardingBody - Full accreditation: • Reaccreditation in 5 years (Stage 3) • Improvement reports • Half way • Annually - Conditional accreditation • Reaccreditation in 3 years (Stage 3) • Annual reports - Non accreditation • Withdrawal from process (Back to Stage 3, >2 yrs) • Guided development (Stage 6)

  21. Stage 6: Guided Development • Initiating a development plan (EQUIS Adviser) • Strategy • Resources • Action plan • Time frame • Guided development package • Annual report • Annual visit (1 day) • Additional a la carte • The EQUIS Directors will advise the School on when to make a second application for accreditation(Stage 3)

  22. Fees • Eligibility or beginning of reaccreditation • 6,000 Euro • After Self Assessment Report sent • 10,000 Euro • After Awarding Body decision • 10,000 Euro if full accreditation • 6,000 Euro if conditional accreditation • 0 Euro if no accreditation • This final payment can be made in annual installments of 2,000 Euro, if the School prefers to do so

  23. Fees: Guided Development • Standard package • 2,000 Euro initial fee • 1,500 Euro annual fee (1 day visit) • Save 6,000 Euro when formally applying (>2 years) • A la carte • 1,500 Euro per day • Travel and lodging paid by school

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