The European Foundation for Management Development (EFMD) is an international not-for-profit association based in

Brussels Brussels (french: Bruxelles or ; nl, Brussel ), officially the Brussels-Capital Region (All text and all but one graphic show the English name as Brussels-Capital Region.) (french: link=no, Région de Bruxelles-Capitale; nl, link=no, Bruss ...

. Europe's largest network association in the field of management development, it has over 890 member organizations from

academia An academy (Attic Greek: Ἀκαδήμεια; Koine Greek Ἀκαδημία) is an institution of secondary education, secondary or tertiary education, tertiary higher education, higher learning (and generally also research or honorary membershi ...

, business, public service and consultancy in 88 countries (as of September 2017). EFMD provides a forum for networking in management development. EFMD operates the EFMD Quality Improvement System (

EQUIS The EFMD Quality Improvement System (EQUIS) is an international school accreditation system. It specializes in higher education institutions of management and business administration, run by the European Foundation for Management Development (EFMD ...

), 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 The Association to Advance Collegiate Schools of Business, also known as AACSB International, is an American professional organization. It was founded as the American Assembly of Collegiate Schools of Business in 1916 to provide accreditation to ...

and provides a forum for information, research, networking and debate on innovation and best practice in management development. 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).

Types of accreditation

While the

accreditation 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 somewhat resembles the AMBA (

Association of MBAs The Association of MBAs (AMBA) is a global organisation founded in 1967 which focuses primarily on international business school accreditation and membership. Roles Based in London, AMBA is one of the three main global accreditation bodies in ...

) accreditation, as the London-based Association accredits the school's entire portfolio of

MBA A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...

programs, but does not accredit the entire business school. EFMD also offers an accreditation for online courses (EOCCS) and for corporate learning (CLIP).

EFMD activities

EFMD is the European partner in the

China Europe International Business School China Europe International Business School (CEIBS; ) is a business school located in Shanghai, China. Established under an agreement between the Chinese government and the European Commission in Shanghai in November 1994, CEIBS was the first bus ...

(

CEIBS China Europe International Business School (CEIBS; ) is a business school located in Shanghai, China. Established under an agreement between the Chinese government and the European Commission in Shanghai in November 1994, CEIBS was the first bu ...

), a joint venture with

Shanghai Jiaotong University Shanghai Jiao Tong University (SJTU; ) is a public research university in Shanghai, China. The university is funded by the Ministry of Education of China. The university was established on April 8, 1896 as Nanyang Public School (南洋� ...

established as the first international business school with autonomous status in 1994 under an agreement between the

European Commission The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body o ...

and the Chinese Ministry of Foreign Trade and Economic Cooperation. 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 The Association to Advance Collegiate Schools of Business, also known as AACSB International, is an American professional organization. It was founded as the American Assembly of Collegiate Schools of Business in 1916 to provide accreditation to ...

International). EFMD organizes conferences and seminars around the world for management development industry and published th
Global Focus magazine
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

ESADE Esade (Escola Superior d'Administració i Direcció d'Empreses) is a prestigious international private educational institution based in Barcelona, Spain. Esade runs two schools of the university, Esade Business School and Esade Law School, as well ...

, a business school in Barcelona, and the Cuban Ministry of Higher Education.

References

External links

official website
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