European Foundation for Management Development
The European Foundation for Management Development (EFMD) is an international membership organization, based in Brussels, Belgium. Europe's largest network association in the field of management development,[1] it has over 700 member organizations from academia, business, public service and consultancy in 82 countries (as of December 2009). EFMD provides a forum for networking in management development.
EFMD operates the European 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 AACSB and provides a forum for information, research, networking and debate on innovation and best practice in management development.[2]
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[edit] Types of accreditation
While the EQUIS certification process, which is valid for an entire school (or faculty), is the main type of accreditation EFMD offers, there are a variety of other accreditations available. With EPAS[3] it is possible for business schools to have certain degree programs accredited rather than the entire school. This variant somewhat resembles the AMBA (Association of MBAs) accreditation, as the London-based Association accredits the school's entire portfolio of MBA programs, but does not accredit the entire business school. EFMD also offers an accreditation for technology-enhanced learning (CEL) and for corporate learning (CLIP).
[edit] Triple Accreditation
In business and management education, acquiring multiple accreditation by EFMD, AACSB and AMBA (Association of MBAs) is often considered the "gold standard" because a business school must go to through a rigorous certification process by each of the three accreditation bodies. Schools that acquire all three are often referred to as having a Triple accreditation or Triple Crown accreditation.
[edit] EFMD activities
In 2009, EFMD received an EU grant worth €2.2m[4] 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[5], is to be implemented under the leadership of EFMD together with ESADE, a business school in Barcelona, and the Cuban Ministry of Higher Education.
[edit] References
- ^ "European Foundation for Management Development: EQUIS Accreditation: A Level of Quality". MBA Courses Worldwide. Sandringham Publishing Ltd. http://www.mba-courses.com/efmd.htm. Retrieved August 19, 2010.
- ^ "Hayleys case study by INSEAD wins top award in Europe". The Daily Mirror (Sri Lanka). 3 June 2010. http://www.dailymirror.lk/print/index.php/business/127-local/12150.html. Retrieved August 19, 2010.
- ^ "EPAS Accreditation EFMD Programme accreditation System (EPAS)". http://www.efmd.org/index.php/services-for-business-schools/epas-accreditation. Retrieved November 1, 2010.
- ^ "2009 Annual Action Programme for Non-State Actors and Local Authorities in Development". http://ec.europa.eu/europeaid/documents/aap/2009/af_aap_2009_dci-nsa_p2.pdf. Retrieved November 1, 2010.
- ^ "Consolidating and Strengthening Cuban Managerial Capabilities". http://www.efmd.org/index.php/international-projects/current-projects/cuba-project. Retrieved November 1, 2010.
[edit] External links
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