Daily Archives: February 7, 2017

AACSB International Recognizes 35 Schools Driving Innovation in Business Education Worldwide

Second annual Innovations That Inspire showcases unique ways business schools are changing the status quo to address societal needs while empowering the business leaders of tomorrow.

TAMPA, Florida, Feb. 7, 2017 /PRNewswire/ — In a rapidly globalizing environment and ever-changing world, business schools are providing more value than ever. Today at its 2017 Deans Conference, AACSB International (AACSB), the world’s largest global education network, unveiled 35 innovations that represent critical work being done by business schools to better their communities and society at large.


The second annual Innovations That Inspire initiative recognizes institutions serving as champions of change in the business education landscape. A total of 315 submissions were received across 33 countries, mirroring society’s growing global demands and the critical need for connected and forward-thinking business schools. The initiative—and the work it showcases—underscores the important role that innovation plays in achieving the industry-wide vision for business education, which AACSB unveiled in 2016.

“The 2017 Innovations That Inspire represents cutting-edge ideas that business schools have to offer, as they work tirelessly and creatively to solve the most pressing challenges of our time,” said Thomas R. Robinson, president and CEO of AACSB. “Through meaningful ideas and increasing opportunities for engagement, schools are driving positive impact to ensure a better and more connected world.”

As part of the 2017 initiative, AACSB member schools were asked to share how their institutions drive change across three distinct engagement areas:

  • Engagement Across Disciplines: Schools are seizing upon the opportunity to engage with and connect together their expertise across disciplines of business, art, science, engineering, medicine, and law, while capitalizing on the vast knowledge base—redefining new avenues for impact, growth, and development.
  • Engagement With Business: Other institutions are creating pivotal connections with the business community, providing groundbreaking experiential learning opportunities for students, knowledge creation partnerships for faculty, and new networks for innovation and positive growth for local and extended communities.
  • Engaging a Diverse Community: Recognizing the importance that various perspectives play, schools are accelerating engagement across diverse communities to champion inclusion efforts, identify alternative strategies, foster different perspectives, and empower awareness to improve and drive global economic prosperity.

For an overview of the featured innovations, visit www.aacsb.edu/innovations-that-inspire.  In addition to the named 35, AACSB will continue to share exemplary practices that highlight the remarkable efforts underway to transform business education via its award-wining BizEd magazine, AACSB LINK newsletter, AACSB Blog, and global advocacy and awareness-building initiatives.

About AACSB International
As the world’s largest business education network connecting academe with business, AACSB provides business education intelligence, quality assurance, and professional development services to more than 1,500 member organizations across 97 countries and territories. Founded in 1916, AACSB accredits 780 business schools worldwide. Its global headquarters is located in Tampa, Florida, USA; its Asia Pacific headquarters is located in Singapore; and its EMEA headquarters is located in Amsterdam, the Netherlands. For more information, visit  www.aacsb.edu .

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YPO Global Pulse: Economic confidence in Africa slips in final quarter of 2016

Confidence among African business leaders declines marginally while global outlook improves

JOHANNESBURG, 7th February 2017 YPO, the premier chief executive leadership organisation in the world, reported today that confidence among business leaders in Africa fell slightly in the fourth quarter of 2016. The YPO Global Pulse Confidence Index for Africa, which tracks economic confidence levels among chief executives on a quarterly basis, slipped 0.8 point to end 2016 at 54.7.

This was a reversal in the optimism that marked the first three quarters of 2016, during which African business leaders had reported increased levels of confidence.

Africa was the only region to report a drop in confidence in the latest survey and is currently the second-least confident region in the world, trailing the YPO Global Pulse composite score of 62.2 by 7.5 points.

The dip in confidence across the region was largely driven by more cautious sentiment among chief executives in Kenya, Nigeria and Zimbabwe. Confidence among business leaders in Kenya plummeted 8.0 points to 52.2; Zimbabwe plunged 4.5 points to a score of 42.7; and Nigeria fell 2.3 points to 41.9.

Following three consecutive quarters of gains in economic confidence in 2016, South Africa, which has the highest weighting within the region, held steady at 60.2.

“The outlook of business leaders in Africa is mixed across the region, which is understandable given the current fluctuations in economic performance in the main economies. With so much uncertainty surrounding the stability of global markets, it’s unlikely that sentiment will shift a great deal in the first half of this year,” said Gareth Ackerman, Chairman of Pick ‘n Pay and a YPO member from Cape Town. “Chief executives will be ultra-cautious over the coming months and will avoid taking on unnecessary risk, while keeping a very close eye on key economic indicators.”

Globally, the YPO Global Pulse Index for the fourth quarter of 2016 climbed by 3.0 points to 62.2, its highest level in two years. The United States reported the highest levels of confidence in the world, increasing by 4.2 points to 64.6, its highest level since January 2015. Confidence in the European Union remained steady at 60.9. Asia gained 1.2 points to land at 61.2. Elsewhere, confidence in Latin America increased by 2.4 points to 58.3, while confidence in the Middle East and North Africa jumped 5.6 points to 59.5. Non-EU Europe reported the lowest confidence, increasing 2.5 points to 54.3.

Key findings in Africa

Mixed feelings about general economic climate in 2017

When asked to comment on the outlook for economic and business conditions for the next six months, African business leaders were split. More than a third (37%) of chief executives predicted conditions would improve, compared to 35% who expected conditions to deteriorate. The remainder felt the economic environment would remain relatively unchanged.

Chief executives remain optimistic about prospects for their own organisations

While business leaders in Africa reported concerns over the general economic climate in the region, the majority remained positive about the outlook for their own organisations, although figures were down from quarter three. For the region, the three key indicators in the YPO Global Pulse Index, sales, hiring, and fixed investment, all fell in the final quarter of 2016. The YPO Sales Confidence Index dropped 2.9 points to 61.0; the YPO Employment Confidence Index edged down 0.4 point to 53.7; and the YPO Fixed Investment Index slipped 1.3 points to 57.6.

More than half (54%) forecasted an increase in sales in the next year, while only 15% expected sales to decline. It should be noted that in the previous survey as many as 65% expected to increase revenues in the following 12 months.

Almost a third of chief executives (30%) expected to increase their headcount over the next 12 months, compared with only 12% who anticipated that their workforce would be reduced. Again, this was down from the previous survey, when 33% predicted increased hiring.

More than a third of the participants (39%) predicted an increase in fixed investment in 2017 (down from 47% in the third quarter), whereas only 13% expected to cut investment levels.

YPO Global Pulse Confidence Index
The quarterly electronic survey, conducted in the first two weeks of January 2017, gathered answers from 1,514 YPO chief executive officers across the globe, including 101 in Africa. Visit www.ypo.org/globalpulse for more information about the survey methodology and to view the results from around the world.

About YPO

The premier leadership organization of chief executives in the world.

YPO is the global platform for chief executives to engage, learn and grow. YPO members harness the knowledge, influence and trust of the world’s most influential and innovative business leaders to inspire business, personal, family and community impact.

Today, YPO empowers more than 24,000 members in more than 130 countries, diversified among industries and types of businesses. Altogether, YPO member-run companies employ more than 15 million people and generate USD6 trillion in annual revenues.

Leadership. Learning. Lifelong. For more information, visit YPO.org.

Linda Fisk
Office: +1 972 629 7305 (United States)
Mobile: +1 972 207 4298