Erasmus Research Institute of Management
Encyclopedia
The Erasmus Research Institute of Management (ERIM) is the joint research institute of the Rotterdam School of Management
and the Erasmus School of Economics, both at Erasmus University Rotterdam. It aims to bring together top researchers in business
and management
from each of these schools. Alongside its research program ERIM also has a graduate program in management designed to attract and train young scholars from around the world. ERIM seeks to contribute to "scientific research that enables organisations to assess and improve their business processes in order to perform in a profitable and responsible way."
, UCLA Anderson School of Management, London Business School
, and INSEAD
.
By 2010, ERIM has become one of the top three schools in business research in Europe, and is among the top 25 in the world. It has achieved a top ranking at the Social Science Research Network (SSRN)
, periodically ranking first outside the United States.
In the next decade, ERIM will additionally focus on impacting business practice and the views of business professionals and the general public.
; finance
and accounting; strategy
; organization
; and business processes, logistics
and information systems
.
Currently, more than 200 researchers are engaged in ERIM’s research programs. They are an international collection of researchers with backgrounds in business administration as well as other disciplines such as psychology
, sociology
, economics
, econometrics
and technical sciences.
Also under ERIM’s umbrella are more than 20 specialist research centers, focusing on topics as diverse as customer value chains, mutual
and hedge fund
s, neuroeconomics
, entrepreneurship
, closed loop supply chains, sustainability
, climate change
, and business in China.
title) with three years applied to dissertation. The PhD degree is awarded following a successful defense of the dissertation. Candidates must have a Bachelor degree to enter the program. Candidates who already have an MSc
degree may enter the program as second-year students, while those who have already received a relevant MPhil degree may enter as third-year students. The main goal of the program is to train promising students with academic ambitions to build competitive research profiles, so that they can attain faculty positions at top business schools around the world and become “thought leader
s”.
or M.A.
degree is mandatory. In 2010, around 100 students from around 30 countries were enrolled in the PhD program.
ERIM offers two types of PhD Projects:
in Business Research is part of the doctoral programme. This Research Master is designed for academically talented and motivated students who wish to combine education in a specialization area of their choice with conducting research in that field.
Rotterdam School of Management
Rotterdam School of Management, Erasmus University is the international business school of the Erasmus University Rotterdam located in Rotterdam, Netherlands...
and the Erasmus School of Economics, both at Erasmus University Rotterdam. It aims to bring together top researchers in business
Business
A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...
and management
Management
Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
from each of these schools. Alongside its research program ERIM also has a graduate program in management designed to attract and train young scholars from around the world. ERIM seeks to contribute to "scientific research that enables organisations to assess and improve their business processes in order to perform in a profitable and responsible way."
History
ERIM was founded in 1999. It modeled itself on the top American and European business schools such as Wharton Business School, Stanford Graduate School of BusinessStanford Graduate School of Business
The Stanford Graduate School of Business is one of the professional schools of Stanford University, in Stanford, California and is broadly regarded as one of the best business schools in the world.The Stanford GSB offers a general management Master of Business Administration degree, the Sloan...
, UCLA Anderson School of Management, London Business School
London Business School
London Business School is an international business school and a constituent college of the federal University of London, located in central London, beside Regent's Park...
, and INSEAD
INSEAD
INSEAD is an international graduate business school and research institution. It has campuses in Europe , Asia , and the Middle East , as well as a research center in Israel...
.
By 2010, ERIM has become one of the top three schools in business research in Europe, and is among the top 25 in the world. It has achieved a top ranking at the Social Science Research Network (SSRN)
Social Science Research Network
The Social Science Research Network is a website devoted to the rapid dissemination of scholarly research in the social sciences and humanities. SSRN is viewed as particularly strong in the fields of economics, finance, accounting, management, and law. SSRN was founded in 1994 by Michael Jensen ...
, periodically ranking first outside the United States.
In the next decade, ERIM will additionally focus on impacting business practice and the views of business professionals and the general public.
Research
Within ERIM, research in management is divided into five broad streams: marketingMarketing
Marketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development. It generates the strategy that underlies sales techniques, business communication, and business developments...
; finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
and accounting; strategy
Strategy
Strategy, a word of military origin, refers to a plan of action designed to achieve a particular goal. In military usage strategy is distinct from tactics, which are concerned with the conduct of an engagement, while strategy is concerned with how different engagements are linked...
; organization
Organization
An organization is a social group which distributes tasks for a collective goal. The word itself is derived from the Greek word organon, itself derived from the better-known word ergon - as we know `organ` - and it means a compartment for a particular job.There are a variety of legal types of...
; and business processes, logistics
Logistics
Logistics is the management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers or corporations. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and...
and information systems
Information systems
Information Systems is an academic/professional discipline bridging the business field and the well-defined computer science field that is evolving toward a new scientific area of study...
.
Currently, more than 200 researchers are engaged in ERIM’s research programs. They are an international collection of researchers with backgrounds in business administration as well as other disciplines such as psychology
Psychology
Psychology is the study of the mind and behavior. Its immediate goal is to understand individuals and groups by both establishing general principles and researching specific cases. For many, the ultimate goal of psychology is to benefit society...
, sociology
Sociology
Sociology is the study of society. It is a social science—a term with which it is sometimes synonymous—which uses various methods of empirical investigation and critical analysis to develop a body of knowledge about human social activity...
, economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
, econometrics
Econometrics
Econometrics has been defined as "the application of mathematics and statistical methods to economic data" and described as the branch of economics "that aims to give empirical content to economic relations." More precisely, it is "the quantitative analysis of actual economic phenomena based on...
and technical sciences.
Also under ERIM’s umbrella are more than 20 specialist research centers, focusing on topics as diverse as customer value chains, mutual
Mutual fund
A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities.- Overview :...
and hedge fund
Hedge fund
A hedge fund is a private pool of capital actively managed by an investment adviser. Hedge funds are only open for investment to a limited number of accredited or qualified investors who meet criteria set by regulators. These investors can be institutions, such as pension funds, university...
s, neuroeconomics
Neuroeconomics
Neuroeconomics is an interdisciplinary field that seeks to explain human decision making, the ability to process multiple alternatives and to choose an optimal course of action. It studies how economic behavior can shape our understanding of the brain, and how neuroscientific discoveries can...
, entrepreneurship
Entrepreneurship
Entrepreneurship is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods". This may result in new organizations or may be part of revitalizing mature organizations in response...
, closed loop supply chains, sustainability
Sustainability
Sustainability is the capacity to endure. For humans, sustainability is the long-term maintenance of well being, which has environmental, economic, and social dimensions, and encompasses the concept of union, an interdependent relationship and mutual responsible position with all living and non...
, climate change
Climate change
Climate change is a significant and lasting change in the statistical distribution of weather patterns over periods ranging from decades to millions of years. It may be a change in average weather conditions or the distribution of events around that average...
, and business in China.
Doctoral program
As a graduate school, ERIM offers a five year doctoral program, broken down into two years of course work (following which the candidate receives a MasterMaster's degree
A master's is an academic degree granted to individuals who have undergone study demonstrating a mastery or high-order overview of a specific field of study or area of professional practice...
title) with three years applied to dissertation. The PhD degree is awarded following a successful defense of the dissertation. Candidates must have a Bachelor degree to enter the program. Candidates who already have an MSc
MSC
- Computers:* Mario Strikers Charged* Microsoft Common Console Document, file for the Microsoft Management Console* Microelectronics Support Centre* Microsoft Corporation* MIDI Show Control* Message Sequence Chart...
degree may enter the program as second-year students, while those who have already received a relevant MPhil degree may enter as third-year students. The main goal of the program is to train promising students with academic ambitions to build competitive research profiles, so that they can attain faculty positions at top business schools around the world and become “thought leader
Thought leader
Thought leader is business jargon for an entity that is recognized for having innovative ideas.The term was coined in 1994 by Joel Kurtzman, editor-in-chief of the Booz Allen Hamilton magazine, Strategy & Business. "Thought leader" was used to designate interview subjects for that magazine who had...
s”.
PhD in Management
The ERIM PhD Program in Management is part of the doctoral program. To enter the program, an MPhil, MScMSC
- Computers:* Mario Strikers Charged* Microsoft Common Console Document, file for the Microsoft Management Console* Microelectronics Support Centre* Microsoft Corporation* MIDI Show Control* Message Sequence Chart...
or M.A.
Master of Arts (postgraduate)
A Master of Arts from the Latin Magister Artium, is a type of Master's degree awarded by universities in many countries. The M.A. is usually contrasted with the M.S. or M.Sc. degrees...
degree is mandatory. In 2010, around 100 students from around 30 countries were enrolled in the PhD program.
ERIM offers two types of PhD Projects:
- ERIM Predefined PhD Projects train future researchers in or across five key disciplines of management: business processes, logisticsLogisticsLogistics is the management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers or corporations. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and...
& information systemsInformation systemsInformation Systems is an academic/professional discipline bridging the business field and the well-defined computer science field that is evolving toward a new scientific area of study...
, organizationOrganizationAn organization is a social group which distributes tasks for a collective goal. The word itself is derived from the Greek word organon, itself derived from the better-known word ergon - as we know `organ` - and it means a compartment for a particular job.There are a variety of legal types of...
, marketingMarketingMarketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development. It generates the strategy that underlies sales techniques, business communication, and business developments...
, financeFinance"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
, and strategyStrategyStrategy, a word of military origin, refers to a plan of action designed to achieve a particular goal. In military usage strategy is distinct from tactics, which are concerned with the conduct of an engagement, while strategy is concerned with how different engagements are linked...
. These projects are initiated each year.
- ERIM Open PhD Projects are designed to give PhD candidates much freedom in choosing their own research topic. These open projects are financed with an endowment of 800,000 euros from the Netherlands Organisation for Scientific Research (NWO). ERIM was one of nine Dutch academic institutions who were awarded the grant in 2009, which was intended to give future doctoral students more say in the research to be carried out. A limited number of open projects was initiated in 2010.
Research Master in Business Research
The ERIM Master of PhilosophyMaster of Philosophy
The Master of Philosophy is a postgraduate research degree.An M.Phil. is a lesser degree than a Doctor of Philosophy , but in many cases it is considered to be a more senior degree than a taught Master's degree, as it is often a thesis-only degree. In some instances, an M.Phil...
in Business Research is part of the doctoral programme. This Research Master is designed for academically talented and motivated students who wish to combine education in a specialization area of their choice with conducting research in that field.