(13 May 2022) Teaching & learning executives need to balance a variety of objectives ranging from meeting revenue objectives, maintaining student satisfaction, infusing innovation into program design, and obtaining external recognition in accreditation and rankings. This session of the forthcoming Executive Academy (European Stream), facilitated by myself, will elaborate how participants can meet these challenges in the face of disruptive influences and the usual plethora of organizational constraints. See the event page.
(17 March 2022) This was an exciting opportunity to speak on how to future-proof the business school faculty (and why focusing on accreditation compliance alone can put an institution at risk). Business school faculties need to change their DNA as we are moving to an ecosystem-based provision of management education. Access the event page here. Co-authored articles on this topic have appeared in EFMD Global Focus and AACSB Insights.
(11 February 2022) Corporate Venture Capital (CVC) is an innovative, more and more common form of investment for corporates. They consider CVC to generate higher returns and to seize strategic growth options. In this study, we examine what makes CVC investments, e. g. in innovative start-up companies, successful? How do such investments affect the performance of the investing parent companies? And which factors define the top performers? Next to myself, the research team included Noah Bani-Harouni, Tim Blume and Diane Robers. The study was made possible with the support and advice of Enrico Reiche, Director of Deal Advisory / Venture M&A at PWC and and Florian Nöll, Head of Corporate Development & Innovation at PWC. Get the study here. The VC Magazin has covered the joint EBS-PWC study.
(2 February 2022) If you want to find out how shared learning will change the foundations of higher education, then check out my chapter co-authored with Kai Peters. It has been been published in Andreas Kaplan, editor (2022): Digital Transformation and Disruption in Higher Education, Cambridge: Cambridge University Press.
Summary: This book analyses higher education's digital transformation and potential disruption from a holistic point of view, providing a balanced and critical account from a variety of interdisciplinary viewpoints. It looks at case studies on educational and emerging technology, their impact, the potential risk of digitalization disrupting higher education, and also offers a glimpse into what the future of digitalization will likely bring.
(1 February 2022) This article, co-authored with Mathias Falkenstein and Annie Snelson-Powell, takes a critical look at the impact of the COVID pandemic on the advancement of responsible management education in business schools. While being positive and optimistic overall, we also point out risks and threats that may lead to a more negative outcome. Get the pdf here.
Summary: The purpose of this paper is to enrich the discussion at the intersection of responsible management education (RME) and the pandemic with new views that explore together the inhibitors of and drivers for a strengthening of RME in the emerging context. On the one hand, the pandemic crisis fosters the social role business schools play by supporting the enhancement of the RME rationale as an idealist foundational pillar of responsible business schools. On the other hand, it invites negative pragmatic responses in the light of financial and competitive disturbances that seem to enlarge the opportunity cost of moving RME forward.
(15 November 2021) It was a great pleasure to participate in and moderate the panel discussion on risk and resilience during gbsn's Virtual Conference Reimagined (15-17 November 2021) - with Courtney Davis, Assistant Vice President Risk Management and Resilience Planning of the University of Chicago as well as President of the University Risk Management and Insurance Association (URMIA), and Amedee Prouvost, Senior Advisor of Chapelle and former Chief Operational Risk Officer of The World Bank. This was a lot of fun - gbsn is one of the true innovators of the business school sector. Visit the conference page.
(15 November 2021) A great group of business school colleagues are participating in this edition of the Quality Assurance Academy. Today's learning journey focused on how to manage projects effectively in the quality assurance/management area. Directing the program and facilitating today's session was again a lot of fun. Check out the event page.
(3 November 2021) In this thought-provoking article, I outline the 10 core principles of managing risks in business schools effectively - with the current pandemic in mind. In many schools, there is significant scope for further professionalizing the handling of risks, uncertainty and disruption and now is the time to tackle this challenge.
This article is a reprint of my publication in AACSB Insights that has just been published in MBA International Business, the premier publication on anything related to MBAs and management education in general in Latin America. Read the article here.
(21 October 2021) Together with Mike Page, I will be delivering a workshop to business school deans on risk management. This workshop focuses on two aspects that are most difficult to handle in the context of managing business school risk: How to develop and foster a school-wide risk culture and how to bring the concept of risk appetite to life in strategizing and operations. After exploring the meaning of these concepts in general, participants will link them to the state-of-the-art tools of risk management as they are deployed today. We will discuss their limitations and workable steps towards overcoming them with reasonable effort. The workshop will close with the development of a change agenda that keeps risk management in step with the evolving risk landscape and able to address disruptive threats where likelihoods and impact are difficult to quantify.
Event Date: 21 October 2021, 14:00 - 16:00 CET (Event Page)
Risk management in higher education is one of the core focus areas of XOLAS consultancy. Please get in touch with us if you are interested in exploring how we can support you in improving your handling of risk.
(07 September 2021) Business schools are paying more attention to risk than ever before, but, at the same time, many business schools are at the beginning of a probably lengthy process of establishing state-of-the-art risk management that can measure up to what leading corporations already do. This article published in AACSB Insights identifies the different pieces of the puzzle that together make risk management an effective leadership tool; here referred to as the “10 Principles of Good Practice (with COVID in mind)”. At the same time, this exposé points out some of the common fallacies that can limit risk management effectiveness in practice. Read the full article here.
(02 September 2021) This article, co-authored with Julie Perrin-Halot, explores the benefits of international accreditation from the students' perspective. It has been published in MBA International Business (Nr. 77, pp. 32-34).
Students benefit from accreditation in various ways. For one, the accreditation label represents a credible proxy signal of the school’s quality when selecting a program at the application stage and provides assurance that they will be enjoying a learning experience in line with what is on offer at other top business schools around the world. Furthermore, accreditation helps to monetize educational achievement with better placement and early-career progression. Many of these benefits are however implicit and often not well understood by business school stakeholders, including alumni and students. This is where the analysis in this article sets in.
Access the full article here.
(31 July 2021) Presentation at the AOM 2021 Symposium: The Future of Management Education: Change, Challenges & Opportunities (awarded the MED Global Forum Best Symposium Award, sponsored by Conservatoire National des Arts et Métiers (CNAM).)
Koen Vandenbempt and I will have the honor and pleasure to present the main result of our study on the future of business school accreditation: »Sector Disruption and the Changing Nature of Business School Accreditation: How De-Institutionalization of Management Education Erodes “The School” as the Object of Assessment«, in: M. R. Fellenz, S. Hoidn, M. Brady (editors): The Future of Management Education, Abingdon: Routledge, forthcoming 2021 (with K. Vandenbempt).
(3 July 2021) Business schools are on a journey towards ecosystems that starts with the unbundling of existing activities (e.g., stackable degrees), leads to a stronger reliance on networks for the sharing of value chains (e.g., the emergence of the distributed business school) and adds fluidity as well as a transitory element when moving on to ecosystems (e.g., already visible today in entrepreneurial spaces nurtured by business schools). This volume pulls together the viewpoints of eminent scholars how this development will be impacting business schools. Access the special supplement here. The pdf of the supplement is also available here.
(3 July 2021) In this introductory article of the Global Focus Special Supplement 15/02, I explain what transitional steps are moving business schools from integrated, full-service providers to more flexible, fluid organizations operating in an ecosystem environment. It also explains the structure of the supplement which brings together a large number of eminent scholars with expertise in ecosystems. It is the hope of all contributors that this publication will initiate a much-needed debate on the future role of ecosystems in the business school sector, for learning and pretty much all other activities and services, and speed up the discovery and sharing of best practices within the management education community. The readers are invited to engage with us in this discourse.
Access the article here.
(3 July 2021) Together with Sarah Vaughan, I explore how business schools transitioning towards organizational ecosystems is challenging current practices of quality management. The article, published in the EFMD Global Focus Special Supplement 02/2021, considers three perspectives – knowledge sharing ecosystems, innovation ecosystems, learning ecosystems – and derives challenges in the context of QA leadership, the use of technology platforms and tools, managing the learning experience, the use of learning analytics, and the relationship with external bodies such as accreditation agencies. Click here to access the full article.
(21 June 2021) We are looking forward to discuss preliminary results of our project of the value-enhancing role of CVC at the forthcoming ISPIM Innovation Conference.
N. Bani-Harouni, U. Hommel & D. Robers: »Does Corporate Venture Capital Create Shareholder Value«
(5 June 2021) India's New Education Policy (NEP 2020) will have a transformatory influence on India's higher education sector. It was a great honor to participate in this webinar to explore with other eminent panelist how HEIs can align their curriculum to this more fundamental departure from established policies. This event was organized by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
Background: NEP is introducing sweeping reforms in India's higher education space, including allowing global universities of repute to set up their campuses in India. Some of the recommendations in the policy like multiple entry and exits, a multidisciplinary approach, a curriculum which is a combination of liberal and professional courses has the potential to change the higher education space of India in the years ahead.
(15 May 2021) After the great success of the QAA's inaugural edition earlier this year, I am looking forward to serving as Director of the Fall edition as well.
How Can B-Schools Successfully Navigate a Fluid, Ever-Evolving Future? By Building Networks, Sharing Resources, and Overhauling Faculty Development
(30 March 2021) Reprint of the article originally published in AACSB Insight (26 January 2021) in MBA International. Great to see that our reflection on how to create the business faculty of the future is gaining so much traction. You can access the article here.
(6 February 2021) One of my focus areas of academic and impact writing in 2021 is the study of ecosystems in management education. Ecosystems will change the dominant business model of business schools rsther fundamentally and will offer a multitude of new opportunities for their stakeholders, in particular students. The first publication on this topic has just become available: »De-Institutionalization of Management Education in the Post-Pandemic World: East-West Perspectives«, in: H. Chaturvedi, A. K. Dey (editors), The New Normal: Challenges of Managing Business, Social & Ecological Systems in the Post-COVID-19 Era, New Delhi: Bloomsbury, 2021, pp. 51-67 (with A. Chattopadhyay).
Together with my co-author Atish Chattopadhyay (Dean of Jagdish Sheth School of Management (JAGSOM) and Professor of Marketing), I am exploring how the deinstitutionalization of management education will be furthered by the COVID pandemic. This article is unique as it develops Indian and European perspectives on this topic side by side.
(3 February 2021) In a comprehensive survey of Nordic schools, Björn Kjellander (Jönköping International Business School), Claire Thouary (XOLAS & qace-up) and myself examine how quality management practices have been affected by COVID-19. The results have just been published in EFMD's Global Focus Magazine 15(1). The underlying objectives of the study were twofold. First, to investigate the business schools’ preferred mix of short-term crisis responses and more permanent adjustments based on the conjecture that the pandemic not only strains current operations but also changes more fundamental sector dynamics (e.g. related to the adoption of education technologies). The second and related objective is to see whether response patterns are in any way linked to institutional characteristics and type of regulatory oversight. If you want to learn more about our findings, visit the Global Focus Magazine website.
(3 February 2021) Together with A. Abdel-Meguid and Benjamin Stévenin, I have just published a thought-provoking piece on how to future-proof a business school's faculty (in EFMD's Global Focus 15(1)). Using analogies from team sports, we argue that a business school should build its team of players (i.e. faculty) based on synergic skills which support well-defined strategic objectives. Business schools have accepted the challenge of striving for more business relevance and societal impact. In the process, many of them are also rethinking the traditional faculty model that often sees junior research talent eventually mature into other roles, for instance as their research productivity is fading. One alternative that is often talked about is the portfolio approach whereby a business school recruits a diversity of talent who have not all jumped through the same hoops to qualify for a faculty post. In this article, we want to suggest an even more radical departure from the status quo that also leaves behind the somewhat static portfolio concept. If you want to learn more about our findings, visit the Global Focus Magazine website.
(26 January 2021) Together with Martin Boehm (Dean of IE) and Benjamin Stévenin (CEO of Academ, Founding Partner of XOLAS), I have published an article in AACSB Insights on how to future-proof a business school. We argue that, to operate successfully in a more collaborative framework, business schools will need to rethink their operating models in many ways—from how they engage with students to how they cultivate their partnerships. Even more important, business schools will require a different kind of academic leadership. This new reality could compel many schools to undertake a complete makeover of the pipeline that feeds their executive positions: their faculty. To read the full article, click here.
It is a special honor and pleasure to have had a lead role in designing the program and serving as the Director for the forthcoming edition of the Quality Assurance Academy (QAA). The QAA is a comprehensive training offer for quality assurance professionals of business schools. It focuses on the development of leadership competencies and managerial skills to meet the diverse professional challenges encountered on a day-to-day basis in quality assurance / quality management (QA/QM) work in business schools. The QAA cuts across all major quality assurance frameworks to develop and refine the participants’ understanding of the underlying methodologies and their purpose. It is therefore to be seen as a general qualification opportunity rather than a training in support of a specific accreditation project. For more information, click here.
In this handbook, we advance a cross-disciplinary approach. We invite contributions that focus on the interfaces between and among the core fields of risk management, crisis management, and business resilience. The main rationale for such an approach is the de facto limits of mono-disciplinary approaches to provide sufficient guidance for organizations to deal with external shocks, such as the COVID-19 pandemic. Access the call for chapter contributions here.
(14 December 2020) It was a great pleasure to discuss the growing role of risk management in higher education (HE) with participants of the ARES Autumn School. Focus points of the discussion were the role of risk management (as opposed to crisis management), what tools to employ, and why it is important to move beyond the narrow definition of enterprise-wide risk management applied to HE and focus on resilience development as well. For more information of ARES (ACADÉMIE DE RECHERCHE ET D'ENSEIGNEMENT SUPÉRIEUR / ACADEMY FOR RESEARCH AND HIGHER EDUCATION), click here.
(12 December 2020) The title of our article is intentionally provocative. Critics of neoliberal reform agendas will initially suspect yet another pamphlet preaching the inherent benefits of corporatisation and marketisation of higher education. By contrast, proponents of managerialist leadership will feel challenged about their use of academic personnel as a flexible resource. In this article, co-authored with M. J. Hommel, we take the position that the casualisation of academic labour is to a large extent ‘bad business’. It is a short-sighted move based on convenience but leaves universities worse off in terms of business proofing for the longer term. Thus, we are presenting a rather mainstream (for some maybe even neoliberal) argument in order to defeat the corporatists on their own turf. Read the full article here on University World News.
(11 September 2020) I welcomed the opportunity to discuss with the Directors of International Affairs of UK Business Schools to discuss how COVID-19 will change the international dimension of management education, in particular the way we deliver degrees and provide students with an international perspective. Thanks CABS for the invitation to speak at the 3rd Directors of International Meeting.
(21 August 2020) It was a great pleasure to discuss with Jagdish Sheth and Atish Chattopadhyay what impact India's New Education Policy (NEP2020) will have on the country's higher education sector. Well, they will be profound. A new layer of comprehensive universities will be created that will able to compete against the leading universities in the world. Furthermore, the top 200 universities in the world will have the opportunity to set up campuses in India. You can watch the webinar on Youtube.
(20 August 2020) Faculty is considered a key if not the most important strategic resource of a business school (or any academic institution for that matter). At the same time, business schools suffer from a very fragmented understanding of their faculty’s competencies, track record and performance. While Gartner has ranked Faculty Information Systems (FIS) in the Top 10 of strategic technologies impacting higher education in 2020, the reality is still characterized by reckless casualness and nonchalance re. how academic institutions are dealing with this topic. In this article in MBA International Business, I argue with my co-authors Martin Böhm, Wilfred Mijnhardt and Benjamin Stévenin that business schools need to finally recognize the role of FIS as a lever for strategic development. Access the article here.
(11 July 2020) Business schools should start focusing on the lessons that can be drawn from COVID-19. A number of systemic vulnerabilities have been uncovered in the medical care sector that are the direct consequence of the managerialist gospel preached by business leaders and their academic mentors. Under the disguise of aligning incentives with purpose, neoliberal toolboxes are being deployed to implement arm’s length dealing whenever feasible, in order to chase efficiency gains, to foster accountability and transparency or to withdraw from risk-sharing commitments of non-transactional exchanges. This has, however, also invited gaming of the system by profit takers and, as a result, has led to the societal mission of the medical sector dropping out of focus. You can read the full article co-authored with Petra Riemer-Hommel on University World News.
(16 June 2020) Business schools can successfully transition to a virtual environment by using Smart Data Analytics. Co-authored with Isabelle Fagnot (Kedge Business School) and Benjamin Stévenin (RimaOne). Published in the AACSB BIZED MAGAZINE. Read the article here.
(April 2020) This webinar series will provide guidance on how to adjust most effectively to this new environment. Sector and topical experts will get at the core of key issues and suggest a way forward. As a participant, you can challenge your own thinking and contribute to the debate. I had the pleasure of designing the series and moderating the panels.
The webinar series is presented by XOLAS in partnership with GBSN and EFMD Global. For more information, click here or here.
(7 March 2020) University leaders are currently facing a 'Gray Rhino' threat, the coronavirus. Everybody is hoping that it can be contained, that the spread of infection will soon abate and that the impact will remain confined to older people with underlying health problems. Internal group think suggests a need to rationalise why so many are still waiting to take action, although herd behaviour reinforces the perception that this is the smart way forward. But university leaders should, for a moment, entertain the thought that the coronavirus rhino is already charging at them. Read my newest article in full on University World News.
(1 March 2020) It is with great pleasure and expectations that I am announcing that I have joined XOLAS as a Founding Partner. Business Schools and Higher Education Institutions (HEIs) more generally are facing a variety of challenges today, the most important ones being technology-driven disruptions in teaching & learning, rising financial pressures, heightened international competition, and changing demographics. The creation of XOLAS reflects the strong personal and professional desire of the founders to guide and support business schools and HEIs in dealing with these challenges. We offer our services “because we care”, because we believe in the higher purpose of higher education and consider business schools as an integral part of this sector. Please follow XOLAS on LinkedIn and Twitter.
(22 February 2020) It’s time for universities to get used to the fact that financial distress or even bankruptcy are real risks threats for the sector. The reasons are many, ranging from institutions getting pushed to the wall by competitors to reputation crises, such as a loss of accreditation and ranking downgrades which put a drain on financial resources. In this environment, managing an institution’s risk factor is vital and oversight bodies are prescribing the use of so-called risk registers as ‘weapons of choice’. This article with Benjamin Stévenin, published in University World News, explains how to use risk registers correctly.
(11 February 2020). The coronavirus crisis however demonstrates that the gravy train of ever-growing Asian enrolments can come to an abrupt halt due to unforeseen events. It reveals serious flaws in risk-taking behavior as well as in risk management practice and should therefore be seen as a wake-up call for university leaders, business school deans and executives charged with risk management. Read...
(7 December 2019) This article discusses five learning points from corporate restructuring that are relevant for the restructuring higher education institutions as well. It has been published by University World News and can be read here. Managing restructuring and turn-around processes will be one of THE hottest topics in higher education in the years to come. Lots can be learned from insights developed in the corporate restructuring literature - see for instance the many excellent contributions in my co-edited Handbook Corporate Restructuring (Springer, in German).
The future of learning is in ecosystems with a multitude of business models co-existing side by side. It is part of a broader development with corporate walls around value chains crumbling down and new forms of co-creation emerging. Join the main event. But also make sure not to miss the pre-conference events. I will have the honor of leading an afternoon with two panel discussions on "Preparing Leaders for Tomorrow: Revisiting Drucker’s Lost Art of Management". Register for both events here.
See also my EFMD blog post for this event.
(June 2019) Great experience to attend RRS2019 in Rotterdam. A superbly planned event brought together 65 decision-makers in management research, representatives of the major accrediting bodies (EFMD, AACSB, GBSN), deans, journal editors and scholars. We had great discussions on how to realize the 2030 Vision of RRBM. Looking forward to next year at Imperial College.
Lunch Talk: RRBM needs to target, first and foremost, the future challenges of management research!"
RRS2019
(Dec. 2019) The inaugural edition has been delivered. It was above all a great opportunity to get to know a wonderful group of quality assurance professionals from different parts of the world. Thanks to everybody involved.
Designed as the leading program for developing quality assurance professionals covering the following aspects:
How to lead and be lead as a quality assurance professional?
How to manage quality assurance projects effectively?
How to link quality assurance concerns and deliverables to business schol operations?
How to use data when building the quality narrative?
How to communicate in general and in QA reporting?
Two short articles have been published on the launch of the Quality Assurance Academy ("More than just compliance", with I. Marinkovic and B. Stévenin) and the Career Professionals Development Institute ("EFMD GN launches the Career Professionals Development Institute", with A. Wigmore Alvarez) in Global Focus (Volume 13, Issue 3, 2019). They focus on the underlying strategic intent of these programs and the design blueprint.
It will be a great pleasure to co-moderate the first webinar of EFMD Professional Development. Laura Degiovanni of TiiQu will explain how blockchain technology can be used to verify and certify professional/academic credentials.
(22 June 2019) Read this provocative article published with Sophie Zuchowicz in University World News.
"Nothing has disrupted higher education more profoundly than the changing attitudes and lifestyles of students. As digital learners, they no longer seem to fit into an educational system designed prior to the fourth industrial revolution. Universities need to accept the harsh reality that their clients require new learning models that go beyond the use of state-of-the-art technologies as alternative vessels for delivering the same type of learning experience as before."
(Thematic Conference Session, Co-Lead with K. Axarloglou, ALBA) The transition into the new world of management education – shaped by emerging technologies, novel pedagogy and increasing prioritization of impact – will impose restructuring and even turn-around pressures on many business schools. This will ultimately lead to a reshuffling of the relative importance of leadership qualities of a dean as (s)he navigates a business school into the uncertain future. In this session, we explored the changing role of trust – trust in the leadership’s ability of engaging in future foresight, trust as a handrail for everybody else within a business school to accept “change as the new normal”, but also trust as a currency to maintain a sense of fairness, cohesion and togetherness. We examined what the foundational ingredients are that help to establish and maintain trust in the business school leadership and what actions may lead to disintegration of trust.
This was a great forum to discuss how technology will disrupt the business school sector. India is clearly "ahead of the curve." Click for more information.
(And it definitely felt weird to see my picture displayed all over New Delhi.)
It was a great honor to participate in the ZIBS Shanghai Forum next to so many distinguished guests. Professor Shenglin Ben, Dean of ZIBS (Zhejiang International Business School) of Zhejiang University leads an exciting project of growing the international activities of the university under the ZIBS umbrella. It will also serve as a driver of extending the global footprint of Chinese Fintech leadership.
Exciting news! The special supplement of Global Focus Magazine, "Educating Ourselves: On the Role of Professional Development in Business Schools", has been published (part of the 01/2019 issue). It represents a great collection of articles that will look at the issue from various angles.
It was a pleasure editing the volume and work together with such a great group of authors. The supplement also includes an article of mine emphasizing the importance of professional development for making business schools more future-ready.
It was great to be back to Skolkovo In January 2019 to facilitate another session of the Rectors' School on how to manage and lead in times of disruption. I always enjoy the tremendous professionalism of the colleagues there and the interaction with an engaged group of participants from all regions of Russia.
Internationalization is more effective if business schools and companies join forces. Please read my blog that summarizes the discussion on this issue at the EFMD-Keio Joint Executive Conference held in Yokohama this past December. The full text can be accessed here. It has also been published on the Keio Business School website, which provides access to the Japanese version.
It is a privilege and an honour that I have been able to co-initiate the RESPONSIBLE RESEARCH IN BUSINESS & MANAGEMENT (RRBM) initiative that is now flourishing under the impressive leadership of Anne Tsui. I encourage my fellow academics to support the cause. The RRBM Position Paper can be found here.