Written on October 31, 2008 by Dirk Hopfl in Go for IE, IE University
Written on October 30, 2008 by Dirk Hopfl in Explore IE
IE Business School has opened the access to its multimedia documentation for individual and personal use, under a creative commons license. Finally this long internally discussed project is going alive and shows to the public in which fields IE innovates and creates value to society.
IE develops multimedia documentation for both online and face to face courses. More than one hundred modules across all management areas have been developed in house. These modules include multimedia case studies, simulations, online games, interactive graphs and exercises. This documentation is not intended for self study but as support documentation for professor guided courses, which demonstrates that IE feels that the value add of a business school lies definitely not in the content but in the delivery.
Just as an example, you may go through 1 hour of videos, a variety of interactive graphics and, in particular, audio files of interviews with the members of the executive team of FC Barcelona to learn about their strategy and structure proposed aiming to become the best football club in the world.
Explore the IE Multimedia Documentation and enjoy yourself here.
Written on October 29, 2008 by Dirk Hopfl in Go for IE
IE provides to Indonesian candidates the unique opportunity to learn more about IE and the Master programs in personalised meetings on Thursday, October 30, 2008. Find more detailed information in the presentation below.
If you for some reason won’t be able to attend, come and meet IE at the European Higher Education Fair on November 1 & 2 at the Kartika Expo Centre – Balai Kartini. More detailed information you can find here.
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Written on October 28, 2008 by Dirk Hopfl in Go for IE
IE Business School is No. 1 in Europe and No. 5 in the world in Executive MBA programs according to the 2008 Financial Times Ranking. The ranking considers IEâ??s Executive MBA as one of the best in the world based on criteria that include graduatesâ?? subsequent professional development, fulfilment of participantsâ?? expectations and the international experience offered by the program. The result further consolidates IEâ??s position as a leading international business school for senior management training programs.
In this yearâ??s edition, authors of the FT ranking based their evaluations on 16 indicators of quality in Executive MBA programs at 96 business schools worldwide, including degree of satisfaction of the student body, career progression and increase in salary, diversity of program faculty, the programâ??s international projection, the degree to which the program came up to participantsâ?? expectations, and the schoolâ??s level of research.
Gonzalo Garland, General Director of External Relations at IE Business School commented that â??this is the third consecutive year that our Executive MBA has been ranked 5th in the world, which serves to motivate us to enhance the quality of the programs still further and to keep innovating and building on our internationalisation strategy.â?
The IE Business School Executive MBA offers a range of delivery formats designed to meet the demands of different executive profiles. These include weekly or bi-weekly classes, 100% onsite programmes or a blended format, with Spanish and English versions. The International Executive MBA, for example combines online modules with onsite periods in Madrid and Shanghai, and is taught 100% in English. Participants are from 32 countries, all senior managers with a markedly international profile.
IEâ??s position in this Financial Times ranking is the latest in a series of excellent results obtained by the school in international rankings in 2008. Earlier in the year Financial Times placed the School 3rd in Europe and 8th in the world in MBA programmes, The Economist ranked it 5th in Europe and 10th worldwide, and América EconomÃa positioned the School 4th in the world.
Written on October 23, 2008 by Dirk Hopfl in Academics
October 2008 | By Joaquin Garralda, Professor of Strategy at IE Business School
The training of future business leaders comprises more than equipping them with knowledge. It is essential to instill them with values in order to combat bad business practices.
The directives included in the Bologna Accord seek to converge the various higher education systems in Europe and lay down design principles which most leading Spanish business schools already apply in their master degree contents and activities.
One of the key issues is the search for a balance between the academic point of view and the interests of the companies that hire the students. Accordingly, Bologna recommends asking employers about the skills and knowhow they consider relevant in the recent university graduates they hire. Leading schools have applied this principle since they first began. The ability to do so is based on two facts: One, they are fully integrated in a highly entrepreneurial environment owing to the academic and education activities they carry out with managers and companies; and two, as leading schools they help manage their students´ careers given that they are very aware of the needs of enterprise and integrate them into their programmes.
A second issue highlighted in the Bologna Accord is that the pedagogical focus should shift to achieving expected results. These results include the personal skills associated with behaviour and capacity for action as key factors. There may not be a specific programme for certain cross-skills, which may be developed across several academic subjects.
Hence the significance of skills workshops in the sessions of a master programme has increased; however, these skills should not only be developed thought dedicated sessions, but rather they must be integrated into other subjects in such a way that certain forms of behaviour are reinforced. Read more…
Written on October 23, 2008 by Dirk Hopfl in Go for IE
Last Friday finished the first residential week of the Global MBA 2009 at the IE Business School campus in Madrid. This week along with another week at the end of the program was introduced for the first time in this intake and the feedback has been totally positive.
Mariel from the Philippines, residing in Thailand: â??I had high expectations of the GMBA Residential Week in Madrid. I was looking forward to workshops, and interaction with the professors and programme management, as well as networking opportunity with alumni. I got all those and much more. I was surprised â?? and delighted â?? by the relationship that developed among the students. Despite spending an intense 9 am to 9 pm filled with classes, workshops, and group work, we still found the time to bond over a bottle (or two) of Ribera del Duero on most evenings. In just a week, we planted the seeds that hopefully will blossom to lifelong friendships. On our last evening, most of the class â?? including our programme director â?? went out to a club and partied until 4am! We just couldnâ??t say goodbye.â?
IE’s Global MBA gained in this intake a really global perspective with 24 nationalities in a group of 35 students covering all 5 continents. The first time in the history of IE the Asia-Pacific region counts for 20% of the students and is the second most represented group in the program. Students are coming from Australia, India, Japan, Philippines and Taiwan. The traditionally over-balance from Latin America and the US counts also a combined 20% giving in this way a new angel in the class discussion.
Satomi Minemawari from Japan: My impression of the course is, in a word, “diversity”. 35 people from more than 20 countries with various backgrounds and experiences, from which I believe I can definitely learn a lot. I see more difficulties than full-time in terms of communication, but this challenge will help us improve our communication and teamwork capabilities further. Anyway, I am starting to enjoy the course, hardwork and teamwork, and really hope that I can finish with all my colleagues.
70% of the students do not major in business (31%), being Engineering (40%) and Humanities(23%) the strongest represented university degrees. This indicates a clear trend in the past years that MBA studies are not only for people who already studied business but for people who wish to amplify their academic scope towards other fields.
The average professional experience raises to 6 years. These experiences are from a very broad range of industries. The three most represented industries (Manufacturing/Construction, Consumer Products, Telecom /IT) count for less than 40% so that the students can expect a great insight into various industries and find everytime somebody who “is in the know”.
Written on October 17, 2008 by Dirk Hopfl in Go for IE
On October 23, IE will present its academic offer for Singaporean residents. During this presentation, participants will also learn why IE is one of Europe’s leading business schools and why its MBA programs are considered within the Top 10 in the world.
Get more information in the attached presentation and sign up here for this event. If you’re not able to attend, just contact the IE Representative Office in Singapore (contact details on the right hand side) or any other IE Office near you.
Written on October 16, 2008 by Dirk Hopfl in Academics
This post is from IE’s recent blog launch about learning experiences. It illustrates non-traditional teaching methods beyond case studies and lectures which are more and more used at IE Business School across all programs.
Professor Angel Díaz simulates a production line with Lego in his MBA Supply Chain Management class. The exercise teaches the essentials of lean production in an easy-to-understand environment. Students take on different roles, some are involved directly in the production line and thus have difficulties in seeing the root of problems, whilst others pose as consultants and see the entire process and in this way are able to provide essential advice on how to improve it.
Angel, also developer of the game, believes “You learn things you won’t forget by actually doing. The idea is to put students into a simple but realistic situation where they have to manufacture toys under an assembly line approach, using old fashioned mass production techniques and practices. As can be expected this is frustrating and produces little. You then change the rules and empower your workers (the students) to apply all the process innovation they can think of in 15 minutes. When the exercise is repeated the improvements are amazing, usually productivity increases 500 to 600% with total quality and a much better working environment. In a single session you have thus introduced the power of lean and JIT operations, worker empowerment and process simplification. I have met some of my students from 15 years back who tell me that they remember little of their MBA, but they do remember the Lego game!”
Written on October 15, 2008 by Dirk Hopfl in Academics
October 2008 | By Cristina Cruz, Professor of Entrepreneurship at IE Business School.
The world has changed and family businesses must change with it if they are to avoid high mortality rates. But this transformation has to come from the top, from the company leader.
Millionaire grandfather, spendthrift son, beggar grandson, or so the Spanish saying goes. In other words, grandfather founds company, comfortable son rests on his laurels, and by the time the third generation comes along thereâ??s nothing left. This particular saying describes the problem facing family businesses on a daily basis.
Only 30% of family businesses reach the second generation and only 15% carry on to the third. The statistics are universal and the phenomenon is repeated everywhere in the world despite cultural differences. Why do family businesses disappear? Problems related to the lack of understanding between members of the family who own the business, the company´s incapacity to adapt to environmental changes, the lack of professionalization and/or the lack of commitment of subsequent generations are some of the most frequent reasons mentioned by family entrepreneurs and researchers. Behind all these reasons lies one common denominator: an inappropriate substitution of leadership which means there is no effective leader to help the company successfully overcome the transitions it is faces. Hence, if leadership is a critical factor for any company´s success, the evidence points to its being even more important for family businesses. Read more…
Written on October 14, 2008 by Dirk Hopfl in IE University, Live IE
Some of you might already been curious about the result of IE’s long summer break and the construction side in which IE Business School converts itself in August.
The biggest remodelation and contruction has been done at the IE University on the Segovia Campus. IE will invest 14 million Euros (around 20 million USD) into its refurbishment and to adequate it to become one of the leading universities in Europe. Nonetheless, there have been also important activities at the IE Business School campus in downtown Madrid. One area of meeting rooms for our students (the one from the pictures from the previous post) is now ready to use as you can see in the picture.
Some office space has also been redesigned and hopefully the newly created atmosphere will lead towards higher motivation and better results of the internal staff.
