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An introduction to An introduction to EFMD accreditations: EFMD accreditations: EQUIS and EPAS EQUIS and EPAS Prof. Julio Urgel Prof. Julio Urgel 2008 International Business School Accreditation Symposium 2008 International Business School

  1. An introduction to An introduction to EFMD accreditations: EFMD accreditations: EQUIS and EPAS EQUIS and EPAS Prof. Julio Urgel Prof. Julio Urgel 2008 International Business School Accreditation Symposium 2008 International Business School Accreditation Symposium Shanghai, November 2008 Shanghai, November 2008 1. Introduction to EQUIS and EPAS Introduction to EQUIS and EPAS 1. 2. Differential features of EFMD Differential features of EFMD 2. accreditations accreditations 3. 3. Benefits and challenges for Chinese Benefits and challenges for Chinese business schools business schools www.efmd.org www.efmd.org

  2. Introduction to Introduction to EQUIS and EPAS EQUIS and EPAS www.efmd.org www.efmd.org What is EFMD? What is EFMD? • An international, not An international, not- -for for- -profit, institutional profit, institutional • membership organization of business schools membership organization of business schools and corporations based in Brussels, Belgium. and corporations based in Brussels, Belgium. • Currently there are 700+ institutional Currently there are 700+ institutional • members in 70+ countries members in 70+ countries – – 72 members in Asia Pacific region 72 members in Asia Pacific region – – 14 members in China 14 members in China • A catalyst to enhance excellence in A catalyst to enhance excellence in • management education and development management education and development from Europe with a worldwide reach from Europe with a worldwide reach www.efmd.org www.efmd.org

  3. What is EFMD? What is EFMD? • • “ “Bridge Bridge” ” between the corporate and between the corporate and management education worlds. management education worlds. • Best known for our accreditation labels Best known for our accreditation labels • EQUIS and EPAS EQUIS and EPAS • • Other activities: Other activities: – – Networking events Networking events – Advisory Seminars Advisory Seminars – – Knowledge, Surveys and Information Knowledge, Surveys and Information – www.efmd.org www.efmd.org What is EQUIS? What is EQUIS? • • Launched in 1997 to satisfy the demand for an international Launched in 1997 to satisfy the demand for an international accreditation scheme for business schools accreditation scheme for business schools – Higher education institutions – Higher education institutions – Degree granting – Degree granting – – Management and business administration Management and business administration • Contemplate diversity effectively while not compromising • Contemplate diversity effectively while not compromising expected level of quality expected level of quality • • Designed to evaluate and accredit high quality international Designed to evaluate and accredit high quality international business schools business schools • Perspective beyond that of national accreditation agencies • Perspective beyond that of national accreditation agencies • To provide • To provide – Firstly, continuous quality improvement Firstly, continuous quality improvement – – Secondarily, international recognition and effectiveness Secondarily, international recognition and effectiveness – www.efmd.org www.efmd.org

  4. EQUIS in the World EQUIS in the World • • 113 Accredited schools (in 33 different countries) 113 Accredited schools (in 33 different countries) – 40 outside Europe – 40 outside Europe (in 17 countries: Argentina, Australia, Brazil, (in 17 countries: Argentina, Australia, Brazil, Canada, China, Chile, Colombia, Costa Rica, India, Mexico, New Zealand, ealand, Canada, China, Chile, Colombia, Costa Rica, India, Mexico, New Z Philippines, Republic of Korea, Singapore, South Africa, USA, Venezuela) Philippines, Republic of Korea, Singapore, South Africa, USA, Ve nezuela) – 48 accredited for 3 years – 48 accredited for 3 years • • 35 reviews scheduled in 2008 35 reviews scheduled in 2008 – 8 initial reviews – 8 initial reviews – 27 re 27 re- -accreditation reviews accreditation reviews – • 20 Schools formally in the pipeline • 20 Schools formally in the pipeline – of which 10 outside Europe – of which 10 outside Europe • New applications: 15- -20 per year 20 per year • New applications: 15 Updated November 2008 www.efmd.org www.efmd.org EQUIS Framework EQUIS Framework CORPORATE CORPORATE CONNECTIONS CONNECTIONS STUDENTS STUDENTS EXECUTIVE EDUCATION EXECUTIVE EDUCATION RESOURCES RESOURCES PERSONAL PERSONAL CONTEXT CONTEXT & ADMINISTRATION & ADMINISTRATION DEVELOPMENT DEVELOPMENT & & STRATEGY STRATEGY CONTRIBUTION CONTRIBUTION TO COMMUNITY TO COMMUNITY PROGRAMMES PROGRAMMES RESEARCH RESEARCH FACULTY FACULTY & DEVELOPMENT & DEVELOPMENT INTERNATIONALISATION INTERNATIONALISATION www.efmd.org www.efmd.org

  5. What is EPAS? What is EPAS? • EFMD Programme Accreditation System • EFMD Programme Accreditation System • • Launched in June 2005 to satisfy demand for an international Launched in June 2005 to satisfy demand for an international programme accreditation scheme programme accreditation scheme – – High quality degree programmes High quality degree programmes – – Strong international perspective Strong international perspective • Partially motivated by the implementation of the Bologna • Partially motivated by the implementation of the Bologna reforms in Europe reforms in Europe – Institutions often need guidance in times of reform and Institutions often need guidance in times of reform and – turmoil turmoil – Markets need transparency to aid vertical student mobility Markets need transparency to aid vertical student mobility – • • Contemplate diversity effectively while not compromising Contemplate diversity effectively while not compromising expected level of quality expected level of quality • • To provide: To provide: – Rigorous, thorough and detailed assessment – Rigorous, thorough and detailed assessment – – International recognition and effectiveness International recognition and effectiveness www.efmd.org www.efmd.org The EPAS Portfolio The EPAS Portfolio 24 accredited programmes 44 eligible programmes • 21 institutions • 30 institutions • 13 countries • 18 countries • 4 Bachelor programmes • 13 Bachelor programmes • 6 Master programmes • 14 Master programmes • 10 (E)MBA programmes • 13 (E)MBA programmes • 4 other programmes • 4 other programmes Total: 68 programmes, 50 institutions, 26 countries www.efmd.org www.efmd.org

  6. EPAS Framework EPAS Framework Programme Value Chain Model www.efmd.org www.efmd.org Benefits of Benefits of EFMD Accreditations EFMD Accreditations • • Information to the market on the basis of substance Information to the market on the basis of substance • International recognition of excellence: international • International recognition of excellence: international development development • Mechanism for international benchmarking with the • Mechanism for international benchmarking with the best best • • Sharing of good practice and mutual learning Sharing of good practice and mutual learning • Agenda for quality improvement and future • Agenda for quality improvement and future development development • Acceleration of quality improvement in international • Acceleration of quality improvement in international management education management education www.efmd.org www.efmd.org

  7. Specific EPAS Benefits Specific EPAS Benefits • Detailed analysis by programme team on key • Detailed analysis by programme team on key attributes of programme according to EPAS attributes of programme according to EPAS framework framework • • Assistance with programme focus and definition Assistance with programme focus and definition • Strategic development process for programme • Strategic development process for programme • • Multiplier effect to other areas and programmes Multiplier effect to other areas and programmes • Safer platform for on- -the the- -job learning about job learning about • Safer platform for on international accreditations international accreditations www.efmd.org www.efmd.org Differential features of Differential features of EFMD Accreditations EFMD Accreditations www.efmd.org www.efmd.org

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