INSEAD

INSEAD

File:Inseadlogon2.jpg
Motto	The Business School for the World
Type	Private
Established	1957
Dean	Frank Brown
Academic staff	144
Postgraduates	900+, mainly MBA
Location	Fontainebleau (near Paris, France) and Singapore 1°18′01″N 103°47′16″E
Campus	Fontainebleau and Singapore
Website	www.insead.edu

The Institut Européen d'Administration des Affaires (European Institute of Business Administration), more commonly known as INSEAD, is a multi-campus international graduate business school and research institution. It is one of the leading business schools in the world.

Founded in 1957 by Georges Doriot, Claude Janssen, and Olivier Giscard d'Estaing, its main differentiation factor lies in its global perspective and cultural diversity.

INSEAD has two full campuses in Europe (France) and in Asia (Singapore), a center in Abu Dhabi and a research center in Israel. It is also linked to the Wharton business school through a global strategic alliance.

INSEAD offers several programs: a full-time MBA program, a PhD in Management program, and several executive education programs (including an Executive MBA).

Overview

Mission

INSEAD's mission is to "promote a non-dogmatic learning environment that brings together people, cultures and ideas from around the world, changing lives, and helping transform organizations through management education", "develop responsible, thoughtful leaders and entrepreneurs who create value for their organisations and their communities" and "through research, expand the frontiers of academic thought and influence business practice".

Campuses

INSEAD has two equal status, fully equipped campuses. The original campus is located in Fontainebleau, near Paris, France, adjacent to the second largest forest in metropolitan France . INSEAD's other main campus is in the Buona Vista district of the city-state of Singapore. They are officially called the Europe Campus and Asia Campus respectively. INSEAD officially characterizes itself as neither a French nor a Singaporean, but as a global school. INSEAD also has an Executive Education and Research Centre in Abu Dhabi, a North Americas office in New York City, and a Research Centre in Israel.

Brief history

• 1957 INSEAD founded as "Institut Européen d'Administration des Affaires", three months after the Treaty of Rome.
• 1961 INSEAD Alumni Association founded by alumni
• 1969 Opening of the school's Fontainebleau forest campus.
• 1974 First programme on Asian business.
• 1989 Launch of the PhD programme.
• 1995 Launch of the first INSEAD Development Campaign.
• 2000 January: First Singapore MBA class - 53 "Pioneer" students from 26 countries
• 2000 August: INSEAD's first development campaign achieves €120 million in corporate and private sponsorship.
• 2000 October: Official opening of the INSEAD Asia Campus in Singapore.
• 2001 March: Announcement of the INSEAD-Wharton Alliance.
• 2003 Launch of the INSEAD Executive MBA programme
• 2004 Launch of the second INSEAD development campaign with a target of €200 million
• 2009 INSEAD celebrates its 50th anniversary and nominates its 50 Alumni which changed the world

Deans of INSEAD

• 1959–1964 Olivier Giscard d'Estaing (Director)
• 1964–1971 Roger Godino (Part time Dean of Faculty)
• 1971–1976 Dean Berry
• 1976–1979 Uwe Kitzinger
• 1979–1980 Claude Rameau (Dy Director General)
• 1980–1982 Heinz Thanheiser
• 1982–1986 Claude Rameau & Heniz Thanheiser
• 1986–1990 Philippe Naert & Claude Rameau
• 1990–1993 Claude Rameau & Ludo Van der Heyden
• 1993–1995 Antonio Borges & Ludo Van der Heyden
• 1995–2000 Antonio Borges
• 2000–2006 Gabriel Hawawini
• 2006 - present Frank Brown

INSEAD Values

INSEAD values are:

• Diversity as a source of learning and enrichment: We are free from any dominant culture or prevalent dogma; we are open to, and respectful of, other views; we learn through the exchange of ideas and experiences.
• Independence as a governance principle: We believe in intellectual freedom and are autonomous in our financial, institutional and academic planning and decision-making process.
• Rigour and relevance in teaching and research: We encourage diversity in research and teaching methods with no single school of thought or methodology predominating; what matters is rigour and impact on management as an academic discipline, on business practice and in the classroom.
• Closeness to the international business community: We partner with the international business community to explore and disseminate management knowledge; we believe in the role of business as a force for improving people’s lives.
• Entrepreneurial spirit: We are willing to experiment and innovate; we are ready to take risks and manage the results of our actions.

Rankings

The INSEAD MBA program is frequently ranked among the best programs in the world. For example, in 2009 it was ranked global number 5 by the Financial Times

Executive Education

INSEAD holds both company/firm specific and open enrollment executive education programs at its campuses in Europe and Asia and at its Executive Education centre in Abu Dhabi. INSEAD also works in partnership with corporate universities. Participants usually come from senior or top management, with many years of experience within their company or industry and younger 'high-potentials' identified as being key in succession strategies within their companies. Approximately 9,500 executives from over 120 countries undertake courses or programmes at INSEAD each year.

Open enrollment

Open enrollment programs include those in the following areas: general management, leadership, finance and banking, top management, strategy, decision making, people and performance management, marketing, operations management and entrepreneurship and family business programmes.

Company specific

INSEAD has worked closely with a range of companies and firms of varying size across multiple industries and geographies to develop tailor made executive education programmes since the 1960s. Programmes include those which address competitive change, help to build or reinforce a high-performance culture, leadership development, post merger integration, jump-start corporate transformation processes and foster technical and market innovations. They include post-programme follow-up to manage and to measure the impact of learning.

Executive MBA

The INSEAD Executive MBA is a Masters-level degree programme. It takes place on a part-time modular basis over a period of 15 months. INSEAD will increase the size of its MBA program from the current figure of 900 per year to 980, making the one-year program the largest full-time MBA program in the world.

MBA

Outline of the program

The INSEAD MBA curriculum comprises a range of required core courses and electives. The core courses cover traditional management disciplines including finance, economics, organizational behaviour, accounting, ethics, marketing, statistics, operations management, international political analysis, supply chain management, leadership and corporate strategy.

There are approximately 80 electives on offer in the Accounting and Control, Decision Sciences, Economics and Political Science, Entrepreneurship and Family Enterprise, Finance, Marketing, Organisational, Strategy and Technology and Operations Management areas.

Teaching method

No single methodology dominates. Teaching methods include case studies, lectures, peer-to-peer learning, tutorials, group work, simulations and role-plays. MBA participants are graded on a relative curve. All teaching is through the English language.

Diversity

INSEAD's MBA student body comprises more than 80 nationalities, with no nationality representing more than 15% of the student body. Native tongues of MBA-program participants, January and June 2009 classes, were English, 20%; French, 12%; Hindi, 7%; German, 6%; Spanish, 5%; Mandarin, 5%; Arabic, 5%; other, 42%. The INSEAD faculty hail from 36 different nations and the nearly 38,000 INSEAD alumni worldwide live in more than 160 different countries.

Campus choice

There is no distinction in admissions between either campus for MBA participants. All MBA participants can choose a preferred campus (the Europe or the Asia campus) to start the MBA programme, and have an option to move to either location. INSEAD Professors also move between campuses throughout a year. More than 70% of December 2008 class MBA participants opted to exchange between the two campuses. In addition to studying in Europe and Asia, participants can also opt to complete part of the programme in the United States (there is an alliance between INSEAD and the Wharton School where MBA participants at each school can study at the other). Starting in 2007, there is an INSEAD Centre in Abu Dhabi in which open-enrollment executive education is offered.

Admissions

Admission to the INSEAD MBA program is extremely competitive. The Admissions Committee selects candidates from a pool of applicants on the basis of various qualities and look in particular for excellent academic performance, career progress, interpersonal skills and leadership potential.

All applicants must hold a bachelor's degree or equivalent, demonstrate fluency in English and are required to submit a lengthy application with detailed essays supporting their case, a profile, two letters of recommendation, official academic transcripts, their Graduate Management Admission Test (GMAT) score, a statement of integrity and their TOEIC, TOEFL, IELTS or Certificate of Proficiency in English (CPE) score (for non-native English speakers) or entry language certification (for native English speakers). MBA participants' average GMAT score has consistently been above 700 over the last 5 years.

Applicants who successfully pass the initial stage of the highly selective screening process by the Admissions Committee are invited to two interviews conducted by two different INSEAD MBA alumni in their country of residence.

Financial Support

A range of scholarships exists, offered by both INSEAD alumni organizations and by other non-affiliated organizations.

Post MBA Careers

INSEAD is recognised as a source of individuals with proven academic excellence and strong managerial potential. The INSEAD Career Services team assists companies wishing to recruit INSEAD MBAs and participants. Approximately 120 companies/firms visit the Asia and Europe campuses during each recruitment season. Career Services organises company presentations and bi-annual career fairs on both campuses, sources jobs on its internal platform CareerLink and publishes a CV book for each graduating class.

Main employers of 2007 class MBA participants and the number of graduates employed were McKinsey & Company (106), Bain & Company (40), Boston Consulting Group (35), Booz Allen Hamilton (21), Barclays Group (16), Deutsche Bank (13), Johnson & Johnson (13), A. T. Kearney (12), Lehman Brothers (10).

INSEAD has a reciprocal agreement with the Harvard Business School, the Stanford Graduate School of Business and the Kellogg School of Management to share career services. Alumni of the four schools have access to job opportunities database of each other.

INSEAD also participates in the MBA Global Career Forum, together with other leading business schools.

INSEAD MBA Clubs

INSEAD MBA has a large number of student clubs, including:

Global Leader Series

The Global Leader Series is organized by MBA program participants at INSEAD to bring distinguished global leaders such as CEOs of global corporations and other business and world leaders to the INSEAD MBA program.

INSEAD Private Equity Club

IPEC is one of the most prominent clubs on INSEAD campus. It organizes the Annual INSEAD Private Equity Conference - which provides a forum for discussions of the latest industry developments, as well as networking opportunities. Since 2003, the INSEAD Private Equity Conference has grown to be the largest and most successful Private Equity and Venture Capital event hosted by an academic institution in Europe. Its success has grown as a result of the large network of alumni working in the industry worldwide, INSEAD's relationships with top firms and the presence of a leading finance faculty.

INDEVOR

Founded in 1993, INDEVOR is the largest MBA student club at INSEAD. INDEVOR serves as a forum to examine the role of business in society. While originally focused purely on International Development, over the past years INDEVOR's focus has shifted to all areas that might be considered under the Social Impact umbrella (CSR, Philanthropy, Sustainability, microfinance, etc.).

INSEAD Energy Club

The INSEAD Energy Club is a forum of discussion and networking for energy and environment related issues for all of the INSEAD community. By leveraging its alumni network and corporate relationships across both campuses, they are able to support future entrepreneurs in nascent industries such as alternative energy technologies and carbon trading, and reach across the entire energy spectrum from nuclear, oil & gas, and coal through to the newer "clean" technologies.

The club takes corporate social responsibility seriously, and promotes sustainability issues through close cooperation with the INSEAD International Development Club, also known as INDEVOR, and the INSEAD Social Innovation Center

OUTSEAD

OUTSEAD represents the lesbian, gay and bisexual community at INSEAD. The purpose of OUTSEAD is to foster an inclusive atmosphere which reflects a more holistic view of diversity rather than simply diversity along national and gender lines. OUTSEAD also raises awareness of minority issues and fosters opportunities for the personal and professional growth of gay and non-gay professionals in addition to providing a social network for all community members who wish to participate.

INSEAD Entrepreneurship Club

The club is as a forum for MBA students to share entrepreneurial ideas and experiences, develop networking opportunities with current and future entrepreneurs and investors, and provide access to entrepreneurial resources. It is also a conduit for communication between alumni involved in entrepreneurship and early stage financing.

INSEAD Women In Business Club

The INSEAD Women in Business club is a forum for collaboration and community building among MBA students interested in the role of future women business leaders. The goals of the club are to provide networking opportunities with alumnae and successful businesswomen in order to provide role-models for current students; support the professional, academic, and social interests of women in business; strengthen INSEAD culture by promoting an environment of tolerance and respect for all students; and attract more qualified female participants into INSEAD's programs.

PhD

Ph.D. in Management

INSEAD's PhD in Management prepares students to be at the forefront of business research and to disseminate cutting edge knowledge to both managers and organizations.

The program emphasizes a multidisciplinary approach to research that cuts across boundaries between business disciplines. These disciplines are represented by the specialization fields: Decision Science, Finance, Marketing, Organizational Behavior, Strategy, and Technology and Operations Management.

INSEAD PhDs, throughout their studies, are active in research, publishing in academic journals as well as presenting at conferences in their area of specialty. Graduates are offered academic positions at premier universities throughout the world.

Admissions

Admission to INSEAD's PhD program is competitive with less than 5% receiving an offer. Applicants must hold a University-level degree and have a working knowledge of English. There is no particular requirement concerning fields of study at the undergraduate level. Candidates with a weak mathematical background will be encouraged to undertake remedial math work before entering the program. Either the GMAT or the GRE is required for admission. The average GMAT score is 750 and GRE quantitative scores of 800 are not uncommon. Applicants whose native language is not English are required to take the TOEFL test unless their university degree is from an institution where the curriculum was exclusively taught in English.

Research, Education and Knowledge

INSEAD Research Centres (Centres of Excellence)

INSEAD has 17 Research Centres conducting research in different business and geographical areas. Some of the research centers include: 3i Venturelab, INSEAD Social Innovation Centre, Abu Dhabi Centre for Executive Education and Research, Asia Pacific Institute of Finance, INSEAD Blue Ocean Strategy Institute, INSEAD-Wharton Center for Global Research and Education, Euro-Asia and Comparative Research Centre and Centre for Decision Making and Risk Analysis.

INSEAD Knowledge

INSEAD Knowledge web portal showcases faculty research, with articles and podcast interviews (audio and video). It also features interviews with business leaders. The portal is updated frequently.

INSEAD Libraries

The Doriot Library on the Europe campus and Tanoto library on the Singapore campus are open 24 hours a day and hold over 60,000 books and close to 10,000 periodicals, in addition to electronic resources and a collection of books, cases, theses, articles and working papers published by INSEAD professors, PhD students and alumni.

Teaching methods

A variety of teaching methods are used at INSEAD which include case studies, lectures, peer-to-peer learning, tutorials, group work, simulations and role-plays.

INSEAD Case Studies

The Case method is largely used in the classroom as a teaching method. Business case studies authored by INSEAD professors are the second most widely used in classrooms by business schools globally, after Harvard Business School's case studies.

The Business cases that have been designed at INSEAD have received many awards , are made available in Case clearing houses, and used by many other business schools.

Business simulation games

Business simulation games are largely used by INSEAD. Many of them have been designed by INSEAD faculties, and are also used by other business schools.

Examples of Business simulation games that have been designed by INSEAD faculties and used in many institutions:

• The EIS simulation (Change management)
• FORAD (Finance)
• INDUSTRAT (Marketing)
• Markstrat (Marketing)
• etc.

Innovation in education

A number of researches and initiatives are conducted at INSEAD to incorporate innovative learning approaches.

In particular different centers conduct research in learning technologies and approaches such as:

• INSEAD CALT (the Centre of Advanced Learning Technologies) . INSEAD CALT is and has been involved in many research projects, and in particular projects funded by the research programmes from the European Commission on approaches such as business simulations, or learning communities.
• INSEAD Learning Innovation Centre . INSEAD Learning Innovation Centre was funded to managing innovation in INSEAD programme design and delivery. For instance, INSEAD Learning Innovation Centre has introduced the use of Second Life virtual world as an education tool .
• INSEAD elab . INSEAD elab is an umbrella structure covering the related research and teaching activities at INSEAD. INSEAD elab has a particular focus on the digital economy. Example of recent work: The impact of new media and Web 2.0 platforms like wikis and social network services such as Facebook, Twitter and YouTube on business and government (Fraser & Dutta 2008).

INSEAD National Councils

There are over 400 National Council members and 25 National Councils, made up of board level executives.

Alumni

Main article: List of INSEAD alumni

See also Category:Alumni of INSEAD

Alumni Association

Founded by a group of alumni in 1961, and has since worked in close partnership with INSEAD to provide services to the global INSEAD alumni community in 161 countries. Many are members of the INSEAD International Alumni Association, which has 42 national alumni associations.

Alumni Clubs & Groups

In addition to the national associations, INSEAD alumni have formed a number of clubs and groups dedicated to specific industries or activities. These include the Energy Club, the INSEAD Healthcare Alumni Network and the Salamander Golf Society.

Notable Current and Past Faculty

See Category:Faculty of INSEAD

See also

• Business school
• MBA
• Executive education
• Management science
• PhD in Management

Academic references (Publications by INSEAD academics)

• Bartlett, Christopher A.; Ghoshal, Sumantra (2002). Managing Across Borders: The Transnational Solution. Harvard Business Press. p. 391. ISBN 1578517079.
• Doz, Yves; Kosonen, Mikko (2008). Fast Strategy: How Strategic Agility Will Help you Stay Ahead of the Game. Pearson Education. p. 253. ISBN 0273712446.
• Doz, Yves; Santos, Jose; Williamson, Peter (2001). From Global to Metanational: How companies win in the knowledge economy. Harvard Business School Press. p. 258. ISBN 0875848702.
• Fraser, Matthew; Dutta, Soumitra (2008). Throwing Sheep in the Boardroom: How Online Social Networking Will Transform Your Life, Work and World. Wiley. ISBN 978-0470740149.
• Ibarra, Herminia (2003). Working Identity: Unconventional Strategies for Reinventing your Career. Harvard Business School Press. p. 199. ISBN 1578517788.
• Kets de Vries, Manfred F. R. (2006). The Leader on the Couch: A Clinical Approach to Changing People and Organizations. John Wiley & Sons Ltd. p. 407. ISBN 0470030798.
• Kim, W. Chan; Mauborgne, Renée (2005). Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant. Harvard Business Press. p. 240. ISBN 1591396190.
• Kogut, Bruce (2008). Knowledge, Options, and Institutions. Oxford University Press. p. 372. ISBN 0199282528.
• Larreche, Jean-Claude (2008). The Momentum Effect: How to Ignite Exceptional Growth. Wharton School Publishing. p. 324. ISBN 0132363429.
• Mintzberg, Henry (1994). The Rise and Fall of Strategic Planning: Reconceiving the Roles for Planning, Plans, Planners. Free Press. p. 458. ISBN 0029216052.

Miscellaneous

• Template:Harvard reference

External links

• INSEAD's official website
• INSEAD Knowledge - Best of business research
• the official website of the INSEAD Alumni Association
• Independent Profile
• World's Top 10 Business Schools Global Career Forum
• INSEAD Energy Club
• INSEAD breaks records in European Case Awards 2007
• INSEAD Social Innovation Centre
• INSEAD CALT (Centre for Advanced Learning Technologies)