International MBA: Humanities course gives creative edge

Written on March 12, 2008 by Dirk Hopfl in Go for IE

MBA students at the IE Business School in Madrid, Spain will get to sharpen their creative and critical thinking skills thanks to the introduction of humanities to the instituteâ??s core curriculum.

â??In a time of turmoil and change, reflection on the core values of humanity â?? on ethics, philosophy, art and aesthetics â?? is more important than ever,â? said David Bach, associate dean of MBA programmes. He said the line of study encouraged reflection, critical thinking and adaptive leadership in challenging cross-cultural settings, and this was essential for managerial success in the 21st century. The two-week module, called Launch, is deliberately scheduled at the beginning of the MBA programme to underscore its importance in the curriculum. Students will be introduced to the great eastern and western civilisations, while participating in discussions on modern art and experiencing a taste of moral philosophy. A range of other humanities electives is also available for them to choose from later on in the programme.

â??The module sets the stage for the personal transformation that an MBA programme ought to be for a student,â? Professor Bach said. â??This is a place where your thinking breaks out of existing moulds, where you begin to see things differently, where you start understanding deep connections.â? He said this process helped produce better business managers. â??These students will become young professionals who see diversity as a driver of innovation â?¦ they are always looking for something new â?? a different perspective, an alternative angle.â?

If you wish to learn more about Humanities at IE, please visit the Sapiens Tribune Blog.

This in an excerpt of an article which was published in the South China Morning Post on February 16, 2008.


Liqun Jin, VP of Asian Development Bank at IE Business School

Written on March 10, 2008 by Dirk Hopfl in Live IE

Liqun Jin at IE Business SchoolIE Business School hosted on Wednesday, March 5, 2008 a conference on â??How to attain projects financed by the Asian Development Bankâ? as part of the â??Asia Business Forumâ? which is organizing on-going conferences and seminars with the aim to push the relationship between Spain and Asia.

This conference was chaired by Mr. Liqun Jin, the Vice-President (Operations 1) of the Asian Development Bank (ADB). Mr. Jin is responsible for operations of South Asia Department, Central and West Asia Department, and the Private Sector Operations Department. Prior to joining ADB, Mr. Jin was the Vice Minister of Finance of the People’s Republic of China (PRC), in charge of the budget for administrative expenses of education, science, culture, and external economic affairs. In that capacity, he served as Alternate Governor for the PRC at ADB, the World Bank Group and the Global Environment Facility.

He has been active in international economic affairs for almost two decades, particularly since the Asian financial crisis in 1997. He has worked on a number of bilateral and multilateral economic and financial forums, such as the China-US Joint Economic Committee, China-UK Economic and Finance Dialogue, APEC Finance Ministers’ Meeting, ASEAN Plus Three and G-20. In addition, Mr. Jin was a member of the State Monetary Policy Committee and the Anti-Terrorism Committee of the PRC.
After serving as Alternative Executive Director at the World Bank Group for four years, Mr. Jin was appointed Director General of the World Bank Department of the Ministry of Finance in 1995. The same year, he was promoted to Assistant Minister of Finance and in 1998 became Vice Minister of Finance. He was responsible for supervising the PRC’s financial sector and raising funds from both international and domestic markets.


Spanish business leaders maintain silence

Written on March 9, 2008 by Dirk Hopfl in Academics

Spain is in the grip of election fever. With less than a week to go before polling day on March 9, the campaign is receiving blanket media coverage, while politicians on the hustings talk themselves hoarse. But the countryâ??s business community remains quiet. Unlike in other western countries, Spainâ??s corporate figures will not publicly endorse candidates. Nor is it acceptable to criticise the government during an election campaign. And, if Spainâ??s business leaders are natural allies of the opposition Popular party (PP), they are discreet in their support.

The reasons for this seeming political impartiality at election time are manifold, say experts. Culturally, it is considered bad taste in Spain for business leaders to make public their grievances with government policy. Most lobbying efforts are channelled less directly, through business associations or private meetings.
However, this public neutrality is also motivated by fear, according to Fernando Casado, general manager of the Family Business Institute in Madrid. â??There is still quite a bit of political intervention in the Spanish economy,â? he says. â??Itâ??s not in any chief executiveâ??s interest to favour one side or the other. It could cost you business.â? Read more…


conferencia-met1.JPGCharmaine Eggberry, Vice President and Managing Director of EMEA at Research In Motion, talks on behalf of the MET Program about how the mentoring helps participants to achieve both personal and professional success in the â??IT & Technology Women Business Leadersâ? conference held at IE Business School.

The conference examines how four key factors – communication, technology, people, and commitment – help companies achieve success, in line with the underlying philosophy of the MET Program.

The address given by Charmaine Eggberry (in the photo on the right together with Yanire Braña, director of the MET Program), who is also a member of IEâ??s MET Program advisory board, underlined the fact that people play a key role in a companyâ??s success and made the following recommendations:

1) Use technology as a communication tool to manage talent and enable a flexible corporate structure.
2) To achieve success, both the company and employees need to find ways to share their common objectives, on the basis of which employees can develop their full capacity both in and out of the company, thus finally leading to their long- term commitment to the company.
3) Companies need to identify as many diversified talents as possible whose vision and skills are in line with corporate development strategies.

The conference serves to complement the programâ??s highly participative approach, which includes methods like online mentoring, forum discussion, and blogs. The main objective is to building on previous virtual communication to further strengthen the connection among participants.

See the video, she gave meanwhile Charmaine was at IE.

If you wish to learn more about the MET program, please visit the dedicated web.


IE Business School on tour in South East Asia

Written on March 6, 2008 by Dirk Hopfl in Go for IE

IE Business School will host in the coming week three promotional activities in South East Asia.

Philippines – Manila
Activity: Insight Session
Date: March 10, 2008
Time: 18:30 – 20:30
Venue: The Peninsula Manila

Vietnam – Ho Chi Minh City
Activity: Insight Session
Date: March 11, 2008
Venue: High Q Vietnam

Thailand – Bangkok
Activity: Interview Day
Date: March 13, 2008
Venue: Grand Hyatt Erawan

If you wish to register for one of these events, please go to the IE Event web.


IE Business School presents the GEM Spain Report for 2007

Written on March 5, 2008 by Dirk Hopfl in Academics

gem1.jpgEntrepreneurial activity in Spain grew by 4.11% in 2007, as shown by the results of the GEM (Global Entrepreneurship Monitor) Report, the leading international observatory on entrepreneurial activity worldwide.

Experts from IE Business School lead the Spanish arm of the project, sponsored by the Department for SMEs at the Spanish Ministry of Industry, Banesto and the Incyde Foundation. The presentation of the new edition of the GEM Report took place on Thursday, February 28, 2008 at IE Business Schoolâ??s Madrid campus, and was attended by Spainâ??s General Secretary for Industry Joan Trullén, the Spanish Director General of Policy for SMEs, María Callejón, and other key players from the field of entrepreneurship.

One of the main conclusions of the report is that there was moderate growth of entrepreneurial activity in Spain 2007. The TEA (Total Entrepreneurial Activity), an index used to measure the number of business start-ups, stands at 7.6% for 2007 in comparison with 7.3% for the previous year. This rate of growth places Spain in 4th position among EU countries and 8th among the OCDE countries analyzed by the GEM Report. Moreover, the â??death rateâ? of business start-ups in Spain has dropped by 16.6%, pointing to higher rates of consolidation. In the words of Ignacio de la Vega, Director of the GEM Report in Spain and Professor at IE Business School, â??2007 was a good year for entrepreneurial activity as a whole. In addition to an increase with regard to 2006, which saw spectacular rates of growth, business start-ups are growing in quality and dimension, and are based on increasingly solid business models which translate directly into a marked drop in business death ratesâ?. Read more…


MICROFINANCE. The world of microloans: a women's world

Written on March 4, 2008 by Dirk Hopfl in Go for IE, Live IE

IE Women in Business in cooperation with the IE Finance, IE Net Impact Chapter and Colombian Entrepreneurs Clubs are delighted to invite you to the conference: “MICROFINANCE. The world of microloans: a women’s world“.

Microfinance refers to the supply of small amount loans, savings, and other financial and non-financial services to low income people. Microfinance programs have generally targeted poor women. It is an activity that has grown above the average of the industry and we invite you to find out about its origins, development and the reasoning behind the target segment and its high performance indicators.

Tomás Gutiérrez Pérez, Professor of Finance at IE Business School. Tomás will tell us about the history and background of the Grameen Bank, founded by Muhammad Yunus. He will explain why this is a women’s world, the evolution of microloans and the future of Microfinance.
Marcela Torres, IMBA 2008 Student. A practical example. Marcela has done extensive research in this field and has launched a project in Colombia. She will tell us about her experience and how she has contributed to help women building successful businesses in Colombia.

When: Wednesday 5th March 2008
Venue: Aula Magna (María de Molina, 11)
Time: 6.30 pm (duration: 1.5 hours)
The conference will be held in English.

This event is one of the many Student initiatives at IE Business School. If you wish to learn more, please visit the web of the IE Student Office, http://studentoffice.ie.edu/.


The profit of sustainable design

Written on March 3, 2008 by Dirk Hopfl in Go for IE


The ecologIE initiative at IE Business School is organizing conference on sustainable design, examining sustainable design as an economically viable and profitable option.

Date: 6 March 2008 (19:00 to 20:30 hours) Cocktail: 20:30 to 21:30
Place: Aula Magna, IE Business School, Madrid, Spain
Audience:  Students and alumni of IE Business School, IE University and Madrid-based design students.
Language: English
Organised by:  FLOOV Visionary Design, ecologIE Business-Environment Platform, IE
Supported by:  The Netherlands Embassy in Madrid


Getting to know Sustainable Design – Definition of Sustainable Design, Sustainable Innovation and Eco-Design. How to integrate these new concepts into the organisation?
Speaker: Ursula Tischner, Design Academy of Eindhoven â??Manager Sustainable Design Program.

Developing Sustainable Products-Services-Systems – How can Product-Services contribute to more sustainable production and consumption systems?  What business opportunities are there for product/services/systems development in various need areas?
Speaker: Arnold Tukker TNO, The Netherlands Organisation for Applied Scientific Research â?? Manager of Sustainable Innovation Programs.

Doing Sustainable Business – How to determine the commercial feasibility of a good idea?
What business attitude and skills are required? How do you get enterprises to adopt new sustainable technologies?
Speaker: Thomas van den Groenendaal, Managing Director and Yoeri Nagtegaal, Designer of Evening Breeze.

Moderated debate with question and answer period
Steven Adolf, NRC Handelsblad Correspondant for Spain

If you wish to learn more about IEâ??s initiatives in Sustainability and Social Impact Management, please visit www.ie.edu/sim.


Iberia and ST Aerospace sign joint venture

Written on February 29, 2008 by Dirk Hopfl in Explore IE

Iberia MaintenanceSingapore Technologies Aerospace Ltd (ST Aerospace), and IBERIA Maintenance, the technical division of IBERIA Airlines of Spain, have signed a joint venture agreement to set up a landing gear repair and overhaul company in Madrid, Spain. The joint venture company, Madrid Aerospace Services S.L., will be equally owned (50:50) between IBERIA and ST Aerospace, and will be an associated company of ST Aerospace. The initial investment is expected to be around $6m.

This investment is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.

Managed by ST Aerospace, the company will operate as an independent third party maintenance, repair and overhaul (MRO) service provider with an initial focus on Airbus A320, A330 and A340 landing gears. It will provide maintenance services for IBERIA Airlines and other customers around the world, and will complement ST Aerospace’s Total Aviation Support and IBERIA maintenance offerings for Airbus operators. It is expected to commence operations by the second half of 2008.

IBERIA Airlines is Spain’s leading airline and also leader on routes linking Europe with Latin America. It posted an operating income of about 5.4 billion euros, net earnings of 116.1 million euros and an Ebitdar of 790.5 million euros in 2006. It is also distinguished by its commitment to socially and environmentally responsible conduct. Along with its franchise partner Iberia Regional, Iberia operates some 1,000 flights each day to about 100 different destinations. Last year, Iberia carried a total of 33 million passengers and posted its 12th consecutive year of benefits. It is a member of the oneworld airline alliance, along with American Airlines, British Airways, Cathay Pacific, Finnair, JAL, LAN, Malev, Qantas and Royal Jordanian.


Tailor your masters for a bankable future

Written on February 27, 2008 by Dirk Hopfl in Go for IE

Studying at IE Business SchoolA bankerâ??s CV used to automatically include an MBA, but new careers in finance has led to a range of masters degrees.

An MBA has historically been considered a passport to the glamour and riches of a high-finance career, but times are changing, says Professor Pablo Triana, director of the Centre for Advanced Finance at the IE Business School in Madrid.
â??These are interesting times when MBA [graduates] face real competition when it comes to investment banking, private equity and hedge-fund jobs. Before the emergence of the masters in finance the MBA faced no competition. Now a MBA graduate from a top-ranked b-school could find [that] an prestigious masters in finance is hired ahead of them, and that hasnâ??t happened before,â? Professor Triana says.

In the past decade there has been a proliferation of masters in finance (MiF) courses. These need to be distinguished from the growing number of masters in quantitative finance degrees â?? specialised technical courses â?? that prepare graduates for technical finance roles. The main competition for graduates from these quantitative courses is likely to be candidates with PhDs. Professor Triana says too that it is important to compare apples with apples. An MBA from a top business school is always likely to trump a MiF from a lower ranking school.

So, for a role you can bank on, it pays to weigh up your career aspirations against the type of degree and the investment in time and money youâ??re prepared to make. â??The MBA may continue to be the safer bet â?? if you donâ??t get into investment banking you can try other things, such as consulting… but for those that are brave or visionary enough to do a specialist degree then the payout could be superior to an MBA,â? Professor Triana concludes.

IE Business School has designed two new programs which are in perfect line with the above mentioned argument:
Master in Finance for people at the starting point of their financial career.
Master in Advanced Finance for professionals with relevant work experience and who aspire to work in the finance industry as associate

This in an excerpt of an article which was published in The Times on February 14, 2008.

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