European Foundation for Management Development

European Foundation for Management Development is a global, non-profit, membership-driven organization, based in Brussels, Belgium, with members from Europe, Asia, Africa, North America, and South America. The organization is dedicated to management development and works closely with business schools, corporations, and institutions such as University of Oxford, Harvard University, and London Business School. The European Foundation for Management Development has partnerships with organizations like European Commission, United Nations, and World Bank, and is recognized by Association to Advance Collegiate Schools of Business and Association of MBAs.

● Introduction

The European Foundation for Management Development was established in 1971 by a group of deans from European business schools, including INSEAD, IESE Business School, and IMD Business School. The organization's primary objective is to promote and enhance management education and executive education in Europe and globally, through collaborations with institutions like University of Cambridge, University of California, Berkeley, and National University of Singapore. The European Foundation for Management Development also works with corporate members such as IBM, Microsoft, and Accenture, to provide executive development programs and leadership development initiatives. Additionally, the organization partners with European University Institute, Graduate Management Admission Council, and Chartered Association of Business Schools to advance management research and innovation.

● History

The European Foundation for Management Development has a rich history, dating back to the 1970s, when it was founded by a group of visionary deans from European business schools, including London School of Economics, University of Manchester, and University of Amsterdam. Over the years, the organization has grown and expanded its membership to include business schools and corporations from around the world, such as University of Tokyo, Seoul National University, and Indian Institute of Management Bangalore. The European Foundation for Management Development has also established partnerships with organizations like World Economic Forum, European Central Bank, and International Labour Organization, to promote globalization and sustainability in management education. The organization has been led by prominent leaders such as Michael Osbaldeston and Eric Cornuel, who have played a crucial role in shaping its vision and mission, in collaboration with institutions like University of Geneva, University of Zurich, and Copenhagen Business School.

● Membership and Accreditation

The European Foundation for Management Development has a diverse membership base, comprising over 900 business schools and corporations from more than 80 countries, including Australia, Canada, and China. Members include University of Melbourne, University of Toronto, and Tsinghua University, as well as corporate members like Google, Amazon, and Facebook. The organization offers various membership categories, such as full membership, associate membership, and affiliate membership, to cater to the needs of different institutions, including University of Hong Kong, National University of Singapore, and University of Cape Town. The European Foundation for Management Development also provides accreditation services to business schools, through its EFMD Accreditation and EFMD Programme Accreditation schemes, which are recognized by Association to Advance Collegiate Schools of Business and Association of MBAs, and have accredited institutions like IESE Business School, IMD Business School, and London Business School.

● EFMD Quality Improvement System

The European Foundation for Management Development has developed a quality improvement system, known as EFMD Quality Improvement System (EQUIS), which is designed to assess and improve the quality of business schools and management education programs, in collaboration with institutions like University of Oxford, Harvard University, and Stanford University. The system is based on a set of standards and criteria, which cover areas such as strategy, governance, faculty, and research, and has been adopted by institutions like University of Cambridge, University of California, Berkeley, and National University of Singapore. The European Foundation for Management Development also offers a range of quality improvement services, including peer review, benchmarking, and consulting, to help business schools and corporations improve their performance and competitiveness, in partnership with organizations like European Commission, United Nations, and World Bank.

● Programmes and Initiatives

The European Foundation for Management Development offers a range of programmes and initiatives to support the development of management education and executive education, in collaboration with institutions like University of London, University of Edinburgh, and University of Amsterdam. These include executive development programs, leadership development initiatives, and research projects, which are designed to promote innovation and entrepreneurship in management education, and have been implemented by institutions like INSEAD, IESE Business School, and IMD Business School. The organization also provides scholarships and awards to support research and innovation in management education, in partnership with organizations like European University Institute, Graduate Management Admission Council, and Chartered Association of Business Schools.

● Global Network

The European Foundation for Management Development has a global network of partners and members, which includes business schools, corporations, and institutions from around the world, such as University of Tokyo, Seoul National University, and Indian Institute of Management Bangalore. The organization works closely with its global network to promote globalization and sustainability in management education, and to provide executive development programs and leadership development initiatives to business leaders and executives from around the world, in collaboration with institutions like University of Geneva, University of Zurich, and Copenhagen Business School. The European Foundation for Management Development also partners with global organizations like World Economic Forum, International Labour Organization, and United Nations, to promote globalization and sustainability in management education, and has established relationships with institutions like University of Hong Kong, National University of Singapore, and University of Cape Town. Category:Organizations