AACSB International Recognizes the executive retraining program of IBS-RANEPA and Corporate University of ROSATOM corporation: “Triangle of Strategic Breakthrough” for Innovation in Leadership Development
Tampa, Fla. USA (April 17, 2018) – In response to rapid global change, business schools are no longer educating students about the ways of the world, they are educating them for a world that does not yet exist. Bold and innovative approaches to leadership development are key to their success. Today, AACSB International – the Association to Advance Collegiate Schools of Business (AACSB) recognized the executive retraining program of IBS-RANEPA and Corporate University of ROSATOM corporation: “Triangle of Strategic Breakthrough” among 30 global institutions who are defining what it means to lead in the face of uncertainty and cultivating that winning skillset in the next generation of business leaders.
The third annual Innovations That Inspire challenge recognizes institutions from around the world serving as champions of change in the business education landscape, with a specific focus on innovation in leadership development, a key pillar of the accreditation process and one of five opportunities identified in the Collective Vision for business education.
“The biggest risk to business schools is not the rapid pace of change. It is in failing to prepare the next generation of business leaders to cope with that change,” said Thomas R. Robinson, president and CEO of AACSB. “Through its top executive development program "Strategic Breakthrough Triangle", IBS-RANEPA and Corporate University of ROSATOM corporation are ensuring that the business leaders of tomorrow will be ready for whatever lies ahead.”
IBS-RANEPA was recognized for its "Strategic Breakthrough Triangle" program with ROSATOM corporation, which was submitted under the category of Enhancing Approaches to Leadership Education and Development, highlighting how business schools are creating non-traditional and cross-disciplinary opportunities for executive students to hone their leadership skills both inside and outside of the classroom.
The program is designed by IBS and ROSATOM (State Nuclear Energy Corporation) Corporate University for retraining ninety ROSATOM managers, preselected for promotion to the top echelon. The program addresses the most challenging bottlenecks, that companies have to overcome to increase their competitiveness in the digital economy. It encompasses three aspects (sides of the triangle):
- Developing “Think Big” strategic vision;
- Developing project work skills in teams of people with different background, creating the synergy of expertise;
- Developing entrepreneurial and intrapreneurial skills of managers from high power distance corporate culture.
The program's anticipated immediate impact is the improvement of the coordination between functional departments of the company, better understanding of the company’s development strategy and the necessary changes, related to disruptive technologies and the acceleration of the company development as a result of middle managers’ team work on projects and challenges with the support of top managers and IBS RANEPA experts.
About AACSB International
As the world’s largest business education alliance, AACSB connects educators, students, and business to achieve a common goal: to create the next generation of great leaders. Synonymous with the highest standards of excellence, AACSB provides quality assurance, business education intelligence, and professional development services to almost 1,600 member organizations and more than 795 accredited business schools worldwide. With its global headquarters in Tampa, Florida, USA; Europe, Middle East, and Africa headquarters in Amsterdam, the Netherlands; and Asia Pacific headquarters in Singapore, AACSB’s mission is to foster engagement, accelerate innovation, and amplify impact in business education. For more information, visit aacsb.edu.