„ Preparing for the EFMD/EQUIS A ccreditation Process”

1. School of Economics and Business in Sarajevo „Preparing for the EFMD/EQUIS Accreditation Process” Assoc. Prof. Nijaz Bajgorić, PhD nijaz.bajgoric@efsa.unsa.ba www.efsa.unsa.ba/~nijaz.bajgoric

2. School of Economics and Business (SEBS)Facts & Figures (As of Sept. 2006.) • Students: 7,000 • Faculty: 50 • Teaching Assistants: 45 • Total area: 11.000 m2 (four locations) • Budget (EUR 5 million, including tuition fees) • Number of PCs: 400 • All Classrooms equipped with DataShow projectors and PCs/Notebooks • Internet Connection: 1,5 Mbps • Wireless N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

3. a) Four-year Program Specializations: Macroeconomic Management International Economics Economics of Europe Management and Organization Marketing Accounting and Auditing Banking and Insurance Quantitative Economics Management Information Systems b)Two-year Program Specializations: Foreign Trade Marketing Financial-Accounting Management Information Systems Undergraduate Program (1996-2005): N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

4. a) Economics Specializations: Economics of Europe Quantitative Methods MacroeconomicManagement International Economics b) Business Economics Specializations: Actuarial Math. and Insurance Banking Financial Management Marketing Managment Management and Information Systems Accounting and Auditing Graduate Program (1996 - current): N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

5. Main Activities in 2004-2008 • Curriculum Reform and ECTS-Bologna Implementation • Efforts Towards EFMD/EQUIS Accreditation N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

6. Accreditation Systems (Business, Economics, Business Administration, Management) • EFMD/EQUIS (www.efmd.org): Institutional Accreditation • EFMD/EPAS (www.efmd.org): Program – oriented • EFMD/CEL (www.efmd.org): ICT-based Programs • EFMD/CLIP (www.efmd.org): Corporate Universities • AACSB (www.aacsb.edu): USA, program-oriented • IACBE (www.iacbe.org): USA, Intl. • AMBA (www.mbaworld.com): MBA only N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

7. EFMD - EQUIS N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

8. EQUIS process: 5 godina 3-5 years N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

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10. EQUIS: General Quality Criteria • National standing • Mission • Governance • Scope • Strategy • Resources • Faculty • Students • Student Services • Personal Development • Programmes • Research N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

11. EFMD/EQUIS-Accreditation (remarks by Prof. Verhaegen, RSM, July 2005.) • Mission, Vision, Objectives • Develop distinctive expertise • Develop/maintain strong reputation and culture to be able to attract top faculty/clients/partners • Select right partners for right activities • Seek international accreditation and recognition N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

12. SEBS – STRENGTHS (Prof. Verhaegen, May 2006.): • Reputation School • Position in Bosnia/Region • Mission • Structure/Credibility • Leadership • Bologna/Undergraduate Portfolio (Well-designed Bachelor programmes, Extremely well-defined) • Quality/Dedication Faculty • High Quality Centers (Institute, Continuous Learning, MIT) N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

13. SEBS WEAKNESSES AND POTENTIAL THREATS: • Research • High student/staff ratio • National law and government policy • Economics versus Management • Slowness due to insufficient budget • Faculty propensity to change • Internationalisation • English proficiency of Faculty members N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

14. Accreditation-oriented Activities at SEBS(2005-2007) • Vision and Mission • Curriculum reform to fit Bologna/ECTS • Continuous Assessment System • Reducing the number of “in-class” students and increasing the number of full-time faculty members in order to achieve the ratio of faculty members to full-time students 1:40-60 in 5 year • Introducing DL program • Designing graduate and undergraduate program in English • Hiring intl. faculty members on part-time basis • Establishing Alumni asssociation • Increasing the number of computers (comp. rooms, student kiosks) • Enhancing Exchange programs • Establishing Center for Personel Development • Establishing Center for Continuing Education • Improving relations with business community, corporate involvement in program design • Introducing Executive Education program • Etc. N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

15. Vision and Mission Redefined • School of Economics and Business in Sarajevo aims at becoming regionally recognized institution in providing students with world-class education in Economics and Business Administration through academic and practice-oriented programs that best reflect current needs and requirements. • Themissionof the School of Economics and Business in Sarajevo is to create and spread knowledge and skills in the fields of Economics and Business Administration. This process should yield highly educated, skilled and creative economists, managers and business analysts capable to meet the needs and challenges of the rapidly changing environment. • The visionof the School of Economics and Business in Sarajevo is to become regionally recognized institution as a place with noticeable research work, efficient transfer of knowledge and skills, excellent working and living conditions and openness for new ideas and initiatives. N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

16. Curriculum Redefined to fit Bologna • Based on “3+2+3” model • Several concentrations of: Economics, Business and Management • New Teaching Methods • Continuous Assessment System • Criterion-based Grading • IT-supported Teaching (Moodle-based Course Management System) N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

17. ECTS/Bologna at UNSA/SEBS: – September 2005. - New Study Rules and Regulations for “3+2” Concept N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

18. ECTS-based Curriculum at SEBS • ECTS-based Rules and Regulations approved on UNSA Senate in September 2005 (academic year, new teaching methods, continuous assessment, criterion-based grading, etc.) • New ECTS-based “3+2” Curriculum created and approved at the School in June 2005: Course Syllabi – Course Descriptions (ECTS Information Package) N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

19. Main Framework N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

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21. Economists Economists Business Analysts Strong in Routine Tasks Strong in Analytical Tasks + MSc= + MBA= Managers Managers N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

22. SEBS - ECTS Information Package N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

23. Inf. Package–online www.efsa.unsa.ba N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

24. Course Syllabus: Example – section a) N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

25. Course Syllabus: Example – section b) N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

26. Examination – Grading System UNSA Grading is based on Criterion system (range: 60 – 100 points) N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

27. Part-time Study Redefined: DL(excerpts from ECTS documents) • “The curriculum-reform process accords a high priority toequal opportunity for working students, in particular by making sure that it is possible to assemble a flexible and individual course of study. “ • “Isolating the study performance from the studydurationresults in an individual study duration thatis defined by the students themselves. It ispossible to fast-track the study time or to prolong itas a part-time student.” • The School started the process of migrating traditional Part-time study system by Distance Learning program from the academic year 2006/07. N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

28. Summer School Introducedwww.efsa.unsa.ba/summer The Summer School (Summer Term) at the School of Economics and Business in Sarajevo (SEBS) is an intensive five-week program that includes a wide variety of courses. Most of them are thaught in Bosnian, but some courses are offered in English as well. Courses are open to Sarajevo University students, to university graduates, and to students from the universities abroad who wish to: • progress through their programme more quickly • to compensate for a poor performance in a previous semester • to spread a heavy workload during the Fall and Spring semester • pick up a necessary prerequisite • provide greater flexibility to enable the completion of a double major combination. The Summer term maintains the same high academic standards that are applied during the regular academic year. All courses offered are taught and examined to the same standard as normal semester courses. Courses are equivalent in credit to those offered in the Fall and Spring semesters. N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

29. Distance Learning Program Implemented http://dl.efsa.unsa.ba N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

30. IT Support Improved • 400 PCs • 10 servers • 10 student kiosks • All faculty members and teaching assistants have PC in the office • All students provided username and password while enrolling • Good Internet connection • Wireless connections in the halls • All classrooms equipped with PCs and projectors • Course Management system implemented N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

31. Learning Resources: Implemented According to EU Standards N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

32. Information System: Implemented According to EU Standards N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

33. UNSA Information System: Network Infrastructure N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

34. UNSA IS: Online Registrar www.registrar.unsa.ba N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

35. Student: Online Registration N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

36. Teacher: Online Grading N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

37. Hard-copy document generated by Registrar application N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

38. Registrar Office N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

39. Student Kiosks at SEBS N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

40. CourseWare (Course Management System): Software Packages • Commercial • WebCT (www.webct.com) • Blackboard (www.blackboard.com) • OpenSource (free) • Moodle (www.moodle.org) – used at School of Economics and Business in Sarajevo • In-house (example: www.e-learning.ba, developed by UTIC for UNSA) N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

41. E-Learning Environment at SEBS

42. Computer Labs N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

43. IT-supported Classrooms N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

44. MIT Center N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

45. E-Net Center N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

46. Student Kiosks N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

47. CourseWare Made by: N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

48. MBA programs introduced in collaboration with: • Alfred Lerner College (University of Delaware), AACSB-accredited School • University of Turin N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

49. Institute for Research in Economics and Business • Institute is an organisational unit of the School of Economics and Business in Sarajevo. Its basic activities in the area of research are related to the studies and research projects, feasibility studies, programs, expert reports, expert opinions and continuous consulting. Owing to these activities, Institute has gained the leading market position in this area. Since its establishment, Institute has contracted and completed over 170 contracts in the fields of macroeconomic and microeconomic research, investment, enterprise development, privatization programs, enterprise and bank organisation, consulting services, etc.. N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process

50. Center for Intl. Cooperation • Its main task is to establish, develop and enhance the cooperation between the School and faculties of economics and related institutions in the world, aimed at the exchange of scientific achievements in the fields of economics and business, exchange of professors and teaching staff with other faculties in the world, student exchange, exchange of professional periodicals and literature, organization of joint teaching activities, and organization and conducting of joint research projects. The Centre’s major goal in the forthcoming period is to initiate and implement the process of international accreditation of the School. N. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation Process