european foundation for management development - website: equiswelcome

European Foundation for Management Development - Website:http://www.efmd.be/

EQUISEQUIS

WELCOMEWELCOME


efmdefmdEuropean Foundation European Foundation

for Management for Management DevelopmentDevelopment

efmdefmdEuropean Foundation European Foundation

for Management for Management DevelopmentDevelopment

A Network Organisation

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


efmdefmd

• 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


Update EQUIS/EQUIPUpdate EQUIS/EQUIPUpdate EQUIS/EQUIPUpdate 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


• 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

Objectives of EQUISObjectives of EQUISObjectives of EQUISObjectives of EQUIS

For schools individuallyFor the Management Education System


EQUIS Committee

EQUIS Awarding

Body

Board

EQUAL

EQUIS

efmd

EQUIS Management EQUIS Management SystemSystem

EQUIS Management EQUIS Management SystemSystem


• 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

The EQUIS ApproachThe EQUIS ApproachThe EQUIS ApproachThe EQUIS Approach


A Single System

Institutional DiversityNational Education Systems

Status and Organisation of Higher Education Institutions

Programme DiversityFirst-Degree Programmes

Postgraduate Programmes

Executive Education

Geographic and Cultural Diversity

The EQUIS ChallengeThe EQUIS ChallengeThe EQUIS ChallengeThe EQUIS Challenge

Coverage of Vast Diversity


1- Institutional Assessment2- Driven by the Management Development Profession3- Involves both Academic and Corporate Stakeholders4- Respect for Diversity5- Managed by a Multicultural Group

6- Three Dimensions: - General Quality - Internationalisation - Interface with the Professional World

7- Balance between Academic and Professional Dimensions

Key Characteristics of Key Characteristics of EQUISEQUIS

Key Characteristics of Key Characteristics of EQUISEQUIS


Benefits of International Benefits of International AccreditationAccreditation

Benefits of International Benefits of International AccreditationAccreditation

• 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)


CONTEXT

AND

MISSION

STUDENTS

AND

PARTICIPANTSFACULTY

PHYSICAL

RESOURCES

INTERNATIONAL ISSUES

CORPORATE CONNECTIONS

Executive Education

Programme Quality

Personal Development

Research & Development

Contribution to the community

The EQUIS Criteria The EQUIS Criteria FrameworkFramework

The EQUIS Criteria The EQUIS Criteria FrameworkFramework


0. Inquiry 1. Application

2. Eligibility

3. Self-Assessmen

t

4. Peer Review

5. Awarding

Body

6. Guided Developme

nt

End

StrategicAdvice

EQUIS Accredited

No

Not ready

No

Yes

Ready Yes

The EQUIS The EQUIS Accreditation ProcessAccreditation Process

The EQUIS The EQUIS Accreditation ProcessAccreditation Process


– First Contact: Generic Interest– Information and Preliminary Advice on EQUIS– Information on efmd membership

Stage 0: InquiryStage 0: InquiryStage 0: InquiryStage 0: Inquiry

Stage 1: ApplicationStage 1: ApplicationStage 1: ApplicationStage 1: Application

–Standard package of EQUIS documents sent

–Formal Application and Data Sheet received

–On-site Briefing Visit


– 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

Stage 2: EligibilityStage 2: EligibilityStage 2: EligibilityStage 2: Eligibility


–Preparation of Self-Assessment Report

–Assistance by EQUIS

–Preparation of Peer Review Visit

Stage 3: Self-Stage 3: Self-AssessmentAssessment

Stage 3: Self-Stage 3: Self-AssessmentAssessment


• 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

Self-Assessment Self-Assessment The ProcessThe Process

Self-Assessment Self-Assessment The ProcessThe Process


• 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

Self-Assessment Self-Assessment The ObjectivesThe Objectives

Self-Assessment Self-Assessment The ObjectivesThe Objectives


Stage 4: Peer Review Stage 4: Peer Review VisitVisit


• International Peer Review- 4-member team

1 Academic representing the local environment2 Academics from different countries1 Corporate representative

- 3-day visit: Assessment of the whole institution

- Drafting of a report

…/...


• 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




- 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)

Stage 5: AwardingStage 5: Awarding BodyBody

Stage 5: AwardingStage 5: Awarding BodyBody


• 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)

Stage 6: Stage 6: Guided DevelopmentGuided Development

Stage 6: Stage 6: Guided DevelopmentGuided Development


• 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

FeesFeesFeesFees


• 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

Fees: Guided Fees: Guided DevelopmentDevelopmentFees: Guided Fees: Guided DevelopmentDevelopment

european foundation for management development - website: equiswelcome

Documents

efmd european foundation

equis approach slide

cultural diversity

equiswelcome slide

new equis process

update equisequip equis

quality improvement

schools accredited