„ Preparing for the EFMD/EQUIS A ccreditation Process”

„„Preparing for the EFMD/EQUIS Preparing for the EFMD/EQUIS AAccreditation ccreditation Process”Process”

Assoc. Prof. Nijaz Bajgorić, PhDAssoc. Prof. Nijaz Bajgorić, PhDnijaz.bajgoric@efsa.unsa.banijaz.bajgoric@efsa.unsa.ba

www.efsa.unsa.ba/~nijaz.bajgoricwww.efsa.unsa.ba/~nijaz.bajgoric

School of Economics and BusinessSchool of Economics and Business in in Sarajevo Sarajevo

2204/19/2304/19/23 N. Bajgorić: Preparing the School for EN. Bajgorić: Preparing the School for EFMD/EQUIS Accreditation ProcessFMD/EQUIS Accreditation Process

School of Economics and Business (SEBS)School of Economics and Business (SEBS)Facts & Figures Facts & Figures (As of Sept. 2006.)(As of Sept. 2006.)

StudentsStudents: : 7,0007,000Faculty: 50Faculty: 50Teaching Assistants: 45Teaching Assistants: 45Total area: 11.000 m2 (four locations)Total area: 11.000 m2 (four locations)BudgetBudget ( (EUR 5 million, including tuition feesEUR 5 million, including tuition fees))Number of PCs: 400Number of PCs: 400

All Classrooms equipped with DataShow projectors and All Classrooms equipped with DataShow projectors and PCs/NotebooksPCs/Notebooks Internet Connection: 1,5 Mbps Internet Connection: 1,5 Mbps WirelessWireless

Undergraduate Program (1996-2005)Undergraduate Program (1996-2005)::

a) Four-year Programa) Four-year Program

Specializations:Specializations:Macroeconomic ManagementMacroeconomic ManagementInternational EconomicsInternational EconomicsEconomics of EuropeEconomics of EuropeManagement and OrganizationManagement and OrganizationMarketingMarketingAccounting and AuditingAccounting and AuditingBanking and InsuranceBanking and InsuranceQuantitative EconomicsQuantitative EconomicsManagement Information Management Information SystemsSystems

b)b) Two-year ProgramTwo-year Program

Specializations:Specializations:Foreign TradeForeign TradeMarketingMarketingFinancial-AccountingFinancial-AccountingManagement Information Management Information SystemsSystems

Graduate ProgramGraduate Program (1996 - current): (1996 - current):

a) a) EconomicsEconomicsSpecializations: Specializations:

Economics of EuropeEconomics of EuropeQuantitative MethodsQuantitative MethodsMacroeconomicMacroeconomic ManagementManagementInternational EconomicsInternational Economics

b) b) Business Economics Business Economics SpecializationsSpecializations::

Actuarial Math. and Actuarial Math. and Insurance Insurance Banking Banking Financial ManagementFinancial ManagementMarketingMarketing Managment ManagmentManagement and Management and Information SystemsInformation SystemsAccounting and Auditing Accounting and Auditing

Main Activities in 2004-2008Main Activities in 2004-2008

Curriculum Reform and ECTS-Curriculum Reform and ECTS-Bologna ImplementationBologna Implementation

Efforts Towards EFMD/EQUIS Efforts Towards EFMD/EQUIS AccreditationAccreditation

Accreditation SystemsAccreditation Systems (Business, Economics, (Business, Economics, Business Administration, Management)Business Administration, Management)

EFMD/EQUIS (EFMD/EQUIS (www.efmd.orgwww.efmd.org): Institutional Accreditation): Institutional AccreditationEFMD/EPAS (EFMD/EPAS (www.efmd.orgwww.efmd.org): Program – oriented ): Program – oriented EFMD/CEL (EFMD/CEL (www.efmd.orgwww.efmd.org): ICT-based Programs ): ICT-based Programs EFMD/CLIP (EFMD/CLIP (www.efmd.orgwww.efmd.org): Corporate Universities): Corporate UniversitiesAACSB (AACSB (www.aacsb.eduwww.aacsb.edu): USA, program-oriented ): USA, program-oriented IACBE (IACBE (www.iacbe.orgwww.iacbe.org): USA, Intl. ): USA, Intl. AMBA (AMBA (www.mbaworld.comwww.mbaworld.com): MBA only): MBA only

EFMD - EQUISEFMD - EQUIS

EQUIS process:EQUIS process:

5 godina3-5 years

EQUIS: EQUIS: General Quality CriteriaGeneral Quality Criteria

National standingNational standing

MissionMission

GovernanceGovernance

ScopeScope

StrategyStrategy

ResourcesResources

FacultyFaculty

StudentsStudents

Student ServicesStudent Services

Personal DevelopmentPersonal Development

ProgrammesProgrammes

ResearchResearch

EFMD/EQUIS-Accreditation EFMD/EQUIS-Accreditation (remarks by Prof. Verhaegen, RSM, July 2005.) (remarks by Prof. Verhaegen, RSM, July 2005.)

Mission, Vision, ObjectivesMission, Vision, Objectives

Develop distinctive expertiseDevelop distinctive expertise

Develop/maintain strong reputation and culture Develop/maintain strong reputation and culture to be able to attract top faculty/clients/partnersto be able to attract top faculty/clients/partners

Select right partners for right activitiesSelect right partners for right activities

Seek international accreditation and recognitionSeek international accreditation and recognition

SEBS – STRENGTHS SEBS – STRENGTHS (Prof. Verhaegen, May 2006.):(Prof. Verhaegen, May 2006.):

Reputation SchoolReputation SchoolPosition in Bosnia/RegionPosition in Bosnia/RegionMissionMissionStructure/CredibilityStructure/CredibilityLeadershipLeadershipBologna/Undergraduate Portfolio (Well-Bologna/Undergraduate Portfolio (Well-designed Bachelor programmes, Extremely designed Bachelor programmes, Extremely well-defined) well-defined) Quality/Dedication FacultyQuality/Dedication FacultyHigh Quality Centers (Institute, Continuous High Quality Centers (Institute, Continuous Learning, MIT)Learning, MIT)

SEBS WEAKNESSES AND POTENTIAL SEBS WEAKNESSES AND POTENTIAL

THREATS:THREATS:

Research Research

High student/staff ratioHigh student/staff ratio

National law and government policyNational law and government policy

Economics versus ManagementEconomics versus Management

Slowness due to insufficient budgetSlowness due to insufficient budget

Faculty propensity to changeFaculty propensity to change

InternationalisationInternationalisation

English proficiency of Faculty membersEnglish proficiency of Faculty members

Accreditation-oriented Activities at SEBSAccreditation-oriented Activities at SEBS(2005-2007)(2005-2007)

Vision and MissionVision and MissionCurriculum reform to fit Bologna/ECTSCurriculum reform to fit Bologna/ECTSContinuous Assessment SystemContinuous Assessment SystemReducing the number of “in-class” students and increasing the Reducing the number of “in-class” students and increasing the number of full-time faculty members in order to achieve the ratio of number of full-time faculty members in order to achieve the ratio of faculty members to full-time students 1:40-60 in 5 yearfaculty members to full-time students 1:40-60 in 5 yearIntroducing DL programIntroducing DL programDesigning graduate and undergraduate program in English Designing graduate and undergraduate program in English Hiring intl. faculty members on part-time basisHiring intl. faculty members on part-time basisEstablishing Alumni asssociationEstablishing Alumni asssociationIncreasing the number of computers (comp. rooms, student kiosks)Increasing the number of computers (comp. rooms, student kiosks)Enhancing Exchange programsEnhancing Exchange programsEstablishing Center for Personel Development Establishing Center for Personel Development Establishing Center for Continuing EducationEstablishing Center for Continuing EducationImproving relations with business community, corporate involvement Improving relations with business community, corporate involvement in program designin program designIntroducing Executive Education programIntroducing Executive Education programEtc. Etc.

Vision and Mission RedefinedVision and Mission Redefined

School of Economics and Business in Sarajevo aims at becoming School of Economics and Business in Sarajevo aims at becoming regionally recognized institution in providing students with world-regionally recognized institution in providing students with world-class education in Economics and Business Administration through class education in Economics and Business Administration through academic and practice-oriented programs that best reflect current academic and practice-oriented programs that best reflect current needs and requirements.needs and requirements.TheThe missionmission of the School of Economics and Business in Sarajevo of the School of Economics and Business in Sarajevo is to create and spread knowledge and skills in the fields of is to create and spread knowledge and skills in the fields of Economics and Business Administration. This process should yield Economics and Business Administration. This process should yield highly educated, skilled and creative economists, managers and highly educated, skilled and creative economists, managers and business analysts capable to meet the needs and challenges of the business analysts capable to meet the needs and challenges of the rapidly changing environment. rapidly changing environment. The The visionvision of the School of Economics and Business in Sarajevo is of the School of Economics and Business in Sarajevo is to become regionally recognized institution as a place with to become regionally recognized institution as a place with noticeable research work, efficient transfer of knowledge and skills, noticeable research work, efficient transfer of knowledge and skills, excellent working and living conditions and openness for new ideas excellent working and living conditions and openness for new ideas and initiatives. and initiatives.

Curriculum Redefined to fit BolognaCurriculum Redefined to fit Bologna

Based on “3+2+3” modelBased on “3+2+3” model

Several concentrations of: Economics, Several concentrations of: Economics, Business and ManagementBusiness and Management

New Teaching MethodsNew Teaching Methods

Continuous Assessment SystemContinuous Assessment System

Criterion-based GradingCriterion-based Grading

IT-supported Teaching (Moodle-based IT-supported Teaching (Moodle-based Course Management System)Course Management System)

ECTS/Bologna at UNSA/SEBS: ECTS/Bologna at UNSA/SEBS: – September 2005. -– September 2005. -

New Study Rules and Regulations for

“3+2” Concept

ECTS-based Curriculum at SEBSECTS-based Curriculum at SEBS

ECTS-based Rules and RegulationsECTS-based Rules and Regulations approved approved on UNSA Senate in September 2005 on UNSA Senate in September 2005 (academic year, new teaching methods, (academic year, new teaching methods, continuous assessment, criterion-based continuous assessment, criterion-based grading, etc.) grading, etc.)

New ECTS-based “3+2” CurriculumNew ECTS-based “3+2” Curriculum created created and approved at the School in June 2005: and approved at the School in June 2005: Course Syllabi – Course Descriptions (ECTS Course Syllabi – Course Descriptions (ECTS Information Package) Information Package)

Main FrameworkMain Framework

SEBS - ECTS Information PackageSEBS - ECTS Information Package

Inf. Package–onlinewww.efsa.unsa.ba

Course Syllabus: Example – section a)Course Syllabus: Example – section a)

Course Syllabus: Example – section b)Course Syllabus: Example – section b)

Examination – Grading SystemExamination – Grading System

UNSA Grading is based on Criterion systemUNSA Grading is based on Criterion system

(range: 60 – 100 points)(range: 60 – 100 points)

Part-time Study Redefined: DLPart-time Study Redefined: DL(excerpts from ECTS documents)(excerpts from ECTS documents)

““The curriculum-reform process accords a high priority toThe curriculum-reform process accords a high priority to equal opportunity for working students, in particular by equal opportunity for working students, in particular by making sure that it is possible to assemble a flexible and making sure that it is possible to assemble a flexible and individual course of study. individual course of study. ““

““Isolating the study performance from the studyIsolating the study performance from the study durationduration results in an individual study duration thatresults in an individual study duration that is defined by is defined by ththe e students themselves. It isstudents themselves. It is possible to fast-track the possible to fast-track the study study time or to prolong ittime or to prolong it as a part-time student.as a part-time student.””

The School started the process of migrating The School started the process of migrating traditional Part-time study system by Distance traditional Part-time study system by Distance Learning program from the academic year 2006/07. Learning program from the academic year 2006/07.

Summer School IntroducedSummer School Introducedwww.efsa.unsa.ba/summerwww.efsa.unsa.ba/summer

The Summer School (Summer Term) at the School of Economics and Business in The Summer School (Summer Term) at the School of Economics and Business in Sarajevo (SEBS) is an intensive five-week program that includes a wide variety of Sarajevo (SEBS) is an intensive five-week program that includes a wide variety of courses. Most of them are thaught in Bosnian, but some courses are offered in courses. Most of them are thaught in Bosnian, but some courses are offered in English as well. English as well.

Courses are open to Sarajevo University students, to university graduates, and to Courses are open to Sarajevo University students, to university graduates, and to students from the universities abroad who wish to: students from the universities abroad who wish to:

progress through their programme more quicklyprogress through their programme more quicklyto compensate for a poor performance in a previous semester to compensate for a poor performance in a previous semester to spread a heavy workload during the Fall and Spring semesterto spread a heavy workload during the Fall and Spring semesterpick up a necessary prerequisitepick up a necessary prerequisiteprovide greater flexibility to enable the completion of a double major combination.provide greater flexibility to enable the completion of a double major combination.

The Summer term maintains the same high academic standards that are applied The Summer term maintains the same high academic standards that are applied during the regular academic year. during the regular academic year. All courses offered are taught and examined to All courses offered are taught and examined to the same standard as normal semester courses. the same standard as normal semester courses. Courses are equivalent in credit to Courses are equivalent in credit to those offered in the Fall and Spring semesters.those offered in the Fall and Spring semesters.

Distance Learning Program Implemented Distance Learning Program Implemented httphttp://dl.efsa.unsa.ba://dl.efsa.unsa.ba

IT Support Improved IT Support Improved

400 PCs400 PCs10 servers10 servers10 student kiosks10 student kiosksAll faculty members and teaching assistants have PC in All faculty members and teaching assistants have PC in the officethe officeAll students provided username and password while All students provided username and password while enrolling enrolling Good Internet connectionGood Internet connectionWireless connections in the hallsWireless connections in the hallsAll classrooms equipped with PCs and projectorsAll classrooms equipped with PCs and projectorsCourse Management system implementedCourse Management system implemented

Learning Resources: Learning Resources: Implemented According to EU StandardsImplemented According to EU Standards

Information System: Information System: Implemented According to EU StandardsImplemented According to EU Standards

UNSA Information System: UNSA Information System: Network InfrastructureNetwork Infrastructure

UNSA IS: Online Registrar UNSA IS: Online Registrar

www.registrar.unsa.bawww.registrar.unsa.ba

Student: Online RegistrationStudent: Online Registration

Teacher: Online GradingTeacher: Online Grading

Hard-copy document generated by Registrar application

Registrar OfficeRegistrar Office

Student Kiosks at SEBSStudent Kiosks at SEBS

CourseWareCourseWare (Course Management System): (Course Management System): Software PackagesSoftware Packages

CommercialCommercial WebCT (WebCT (www.webct.comwww.webct.com) ) Blackboard (Blackboard (www.blackboard.comwww.blackboard.com) )

OpenSource (free)OpenSource (free) Moodle (Moodle (www.moodle.orgwww.moodle.org) – ) – used at School used at School

of Economics and Business in Sarajevoof Economics and Business in Sarajevo

In-house (example: In-house (example: www.e-learning.bawww.e-learning.ba, , developed by UTIC for UNSA) developed by UTIC for UNSA)

E-Learning Environment E-Learning Environment at SEBS at SEBS

Computer LabsComputer Labs

IT-supported ClassroomsIT-supported Classrooms

MIT CenterMIT Center

E-Net Center E-Net Center

Student KiosksStudent Kiosks

CourseWare

Made by:

MBA programs introduced in MBA programs introduced in collaboration with:collaboration with:

Alfred Lerner College (University of Alfred Lerner College (University of Delaware), AACSB-accredited SchoolDelaware), AACSB-accredited School

University of Turin University of Turin

Institute for Research in Economics and Institute for Research in Economics and BusinessBusiness

Institute is an organisational unit of the School of Institute is an organisational unit of the School of Economics and Business in Sarajevo. Its basic activities Economics and Business in Sarajevo. Its basic activities in the area of research are related to the studies and in the area of research are related to the studies and research projects, feasibility studies, programs, expert research projects, feasibility studies, programs, expert reports, expert opinions and continuous consulting. reports, expert opinions and continuous consulting. Owing to these activities, Institute has gained the leading Owing to these activities, Institute has gained the leading market position in this area. Since its establishment, market position in this area. Since its establishment, Institute has contracted and completed over 170 Institute has contracted and completed over 170 contracts in the fields of macroeconomic and contracts in the fields of macroeconomic and microeconomic research, investment, enterprise microeconomic research, investment, enterprise development, privatization programs, enterprise and development, privatization programs, enterprise and bank organisation, consulting services, etc..bank organisation, consulting services, etc..

Center for Intl. CooperationCenter for Intl. Cooperation

Its main task is to establish, develop and enhance the Its main task is to establish, develop and enhance the cooperation between the School and faculties of cooperation between the School and faculties of economics and related institutions in the world, aimed at economics and related institutions in the world, aimed at the exchange of scientific achievements in the fields of the exchange of scientific achievements in the fields of economics and business, exchange of professors and economics and business, exchange of professors and teaching staff with other faculties in the world, student teaching staff with other faculties in the world, student exchange, exchange of professional periodicals and exchange, exchange of professional periodicals and literature, organization of joint teaching activities, and literature, organization of joint teaching activities, and organization and conducting of joint research projects. organization and conducting of joint research projects. The Centre’s major goal in the forthcoming period is to The Centre’s major goal in the forthcoming period is to initiate and implement the process of international initiate and implement the process of international accreditation of the School.accreditation of the School.

Library Information SystemLibrary Information System

SCIENCE DIRECTSCIENCE DIRECTEMERALD DATABASEEMERALD DATABASEWEB OF SCIENCE WEB OF SCIENCE EBSCO DATABASEEBSCO DATABASESCOPUSSCOPUSDirectory of Open Access Journals Directory of Open Access Journals Research Papers in Economics Research Papers in Economics ABI/INFORM global ABI/INFORM global

Alumni AssociationAlumni Association

PR OfficePR Office

Faculty Development CenterFaculty Development Center

Seminars Seminars ConferencesConferencesCFPsCFPsGrantsGrantsProjectsProjectsQuality Improvement Quality Improvement ProgramsProgramsOrientation programsOrientation programs

Career CenterCareer Center

Business Advisory Board Business Advisory Board

Members: 20 most prominent BH Members: 20 most prominent BH managers managers

Meetings on regular basisMeetings on regular basis

Involvement in curriculum design Involvement in curriculum design

Center for Continuing Education Center for Continuing Education (Business Academy)(Business Academy)

THANK YOU!THANK YOU!

QUESTIONS ?QUESTIONS ?

„ Preparing for the EFMD/EQUIS A ccreditation Process”

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