European Foundation for Management Development
academia, business, public service and consultancy in 88 countries (as of September 2017). EFMD provides a forum for networking in management development.[4]
EFMD operates the EFMD Quality Improvement System (EQUIS), which is one of the leading international systems of quality assessment, improvement, and accreditation of higher education institutions in management and business administration. It is comparable to its American equivalent Association to Advance Collegiate Schools of Business and provides a forum for information, research, networking and debate on innovation and best practice in management development.[5] The foundation also runs the EFMD Programme Accreditation System (EPAS) for programmes as well as the EFMD Deans Across Frontiers development programme (EDAF) and the Business School Impact System (BSIS).[6] Types of accreditationWhile the MBA programs, but does not accredit the entire business school. EFMD also offers an accreditation for online courses (EOCCS) and for corporate learning (CLIP).
EFMD activitiesEFMD is the European partner in the Shanghai Jiaotong University established as the first international business school in China with autonomous status in 1994, under an agreement between the European Commission and the Chinese Ministry of Foreign Trade and Economic Cooperation.[8]
EFMD is also founding partner of the Global Foundation for Management Education (GFME), which is a joint venture with the US-based Association to Advance Collegiate Schools of Business (AACSB International).[9] EFMD organizes conferences and seminars around the world for management development industry and published the Global Focus magazine .
In 2009, EFMD received an EU grant worth €2.2m[10] for a project that aims to improve the efficiency of Cuban companies by providing training to senior managers. This project, called Consolidating and Strengthening Cuban Managerial Capabilities,[11] is to be implemented under the leadership of EFMD together with ESADE, a business school in Barcelona, and the Cuban Ministry of Higher Education. References
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