European Foundation for Management Development
Encyclopedia
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, 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.
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 it is possible for business schools to have certain degree programs accredited rather than the entire school. This variant resembles the AMBA (Association of MBAs
) accreditation, which is also for single degree programs (mainly MBAs). EFMD also offers an accreditation for technology-enhanced learning (CEL) and for corporate learning (CLIP).
) 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.
, a business school in Barcelona, and the Cuban Ministry of Higher Education.
Academia
Academia is the community of students and scholars engaged in higher education and research.-Etymology:The word comes from the akademeia in ancient Greece. Outside the city walls of Athens, the gymnasium was made famous by Plato as a center of learning...
, business, public service and consultancy in 82 countries (as of December 2009). EFMD provides a forum for networking in management development
Management Development
Management Development is best described as the process from which managers learn and improve their skills not only to benefit themselves but also their employing organizations....
.
EFMD operates the European Quality Improvement System
European Quality Improvement System
The European Quality Improvement System is a school accreditation system. It specializes in higher education institutions of management and business administration, run by the European Foundation for Management Development...
(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.
Types of accreditation
While the EQUISEquis
Equis may refer to:*European Quality Improvement System an international system of assessment and accreditation of higher education institutions in management and business administration run by the European Foundation for Management Development....
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 it is possible for business schools to have certain degree programs accredited rather than the entire school. This variant resembles the AMBA (Association of MBAs
Association of MBAs
The Association of MBAs is a London-based international organization that accredits postgraduate business programs at business schools worldwide. The Association is one of the three main global accreditation bodies in business education and styles itself "the world's impartial authority on...
) accreditation, which is also for single degree programs (mainly MBAs). EFMD also offers an accreditation for technology-enhanced learning (CEL) and for corporate learning (CLIP).
Triple Accreditation
In business and management education, acquiring multiple accreditation by EFMD, AACSB and AMBA (Association of MBAsAssociation of MBAs
The Association of MBAs is a London-based international organization that accredits postgraduate business programs at business schools worldwide. The Association is one of the three main global accreditation bodies in business education and styles itself "the world's impartial authority on...
) 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
Triple accreditation
Triple Accreditation is the accreditation awarded to 55 business schools worldwide by the three largest and most influential business school accreditation associations:...
or Triple Crown accreditation.
EFMD activities
In 2009, EFMD received an EU grant worth €2.2m 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, is to be implemented under the leadership of EFMD together with ESADEESADE
The Escuela Superior de Administración y Dirección de Empresas is a college associated with the Ramon Llull University located in Barcelona, Spain. ESADE is composed of three departments; the ESADE Business School, the ESADE Executive Language Center and the ESADE Law School...
, a business school in Barcelona, and the Cuban Ministry of Higher Education.