#Week 03:
What influence are you having on others today?
Read a recent article that calls for greater focus on degree connectivity when managing MBA offerings. The article has been co-authored by Ulrich Hommel (Xolas), Joanne Powell (QED) and Sarah Hardcastle (Hardcastle and Associates); and published in MBA International Review, Nr. 82, pp. 14-16. A copy of the article is also available here.
This article focuses on the advantages of managing a portfolio of MBA degrees as a portfolio. Whilst this might sound tautological, it reflects our experience that many business schools continue to run MBA programs on a relatively stand-alone basis, which can be explained by path dependency or internal governance arrangements. More typical is what we term the traditional portfolio approach, a focus on increasing gross revenue returns via market segmentation and realizing cost economies by pooling activities across programs.
We suggest a complementary and generally overlooked viewpoint that offering MBA programs with portfolio connectivity in mind can help to realize revenue (and additional cost) synergies that increase gross returns in the aggregate. They will “carry the day” if outweighing the opportunity cost of de-segmentation of the overall offer.
In this short article, QED’s Lead Advisor, Joanne Powell, introduces the concept of “triple crown” in business schools and how this “seal” can be useful for those seeking a business school of quality and excellence when choosing an MBA, specialised master’s degree or even a PhD.
The article has been published in Triple Crown Business School (2021/22 edition) pp 5-6.
EFMD revises the documentation supporting EQUIS periodically. QED’s overview of the updates made as part of the 2023 publication, together with an assessment of the significance of the change can be found in this downloadable PDF file.
Other points of potential significance are:
As above, QED’s summary of the updates across the key documents is available in this downloadable PDF file.
For advice and further details on any of the above, please contact the QED Accreditation Team at info@QEDaccreditation.com.
Are you looking for an introduction to international business school accreditation systems? If so, this webinar might be for you. Joanne Powell is guest speaker at KIMEP University‘s Bang College of Business webinar on Thursday, March 16th. Times are listed below and registration is required at https://lnkd.in/eNUu7Bqp
For advice and further details on any of the above, please contact the QED Accreditation Team at info@QEDaccreditation.com.
After the ANZQAN Conference, one attendee reached-out to us with, “all generally share the same challenges, but there are so many different ways to approach those challenges”. This is where the real benefit of these events arises – the ability to hear alternative approaches to challenges and perhaps be inspired to find more innovative approaches within our own domains.
Below are our takeaways:
Key Learning #1: There was a great Dean’s Panel discussion on managing accreditation strategies. This covered a variety of themes but the key take-away and reminder was to “keep doing the small (everyday) stuff” and not just wait for the “big events” to happen. This comment took place in the context of sustainability and a reminder that everyone has a role to play (and the importance of discussing and sharing good practice). However, it resonated more widely as a reminder that change is often present in a multitude of smaller habits that take place consistently. “We are what we repeatedly do: Excellence then is not an act, but a habit.”(Will Durant, attributed to Aristotle)
Key Learning #2: There was some great sharing of good practice related to socialising the mission. We really liked the suggestion to “embrace mission in both function and optics”. It spoke to the importance of ensuring that an organisation’s mission needs to be front and centre of
By embracing both function and optics, schools (or other organisations) are better placed to optimise the integration of the mission into every-day operations and strategy.
Key Learning #3: Internationalisation was a key topic for multiple reasons – including both general challenges arising from the Covid 19 pandemic, as well as ongoing geo-political challenges in several regions of the world. Reference was made to EFMD’s internationalisation framework (EFMD Accredited Process Manual Annexes (Annex 10, page 61)) OR EQUIS Standards and Criteria 2022 (last section of Chapter 8, page 73, “Further Guidance on Assessing Internationalisation” ) with one school (Curtin) illustrating how it has developed a set of parameters for each of the 12 dimensions of internationalisation (across the four categories of Policy, Content, Context and Network). The parameters for each dimension outline what characterises low, medium and high performance, in line with the School’s own mission and strategy. This seems like an excellent way to frame a School’s internationalisation priorities and a great example of good practice.
Finally, both EFMD and AACSB presented to the meeting. A key takeaway from each that might be of interest:
For advice and further details on any of the above, please contact the QED Accreditation Team at info@QEDaccreditation.com.
Recent Comments