NYENRODE BUSINESS UNIVERSITY YEAR OVERVIEW 2018 NYENRODE BUSINESS UNIVERSITY NYENRODE| BUSINESS UNIVERSITY YEAR OVERVIEW 2018

NYENRODE. A REWARD FOR LIFE A WORD FROM THE RECTOR WELCOME

After the update of our 2020 Strategy two years ago, 2018 focused on the further Our internationalization efforts received a boost A word from the rector 2 implementation of our plans. The Amsterdam location has now become a fully-fledged this year when - for the first time in several decades Timeline Nyenrode Business University 4

branch of Nyenrode Business University. The Full-time MBA had already moved to - bachelor students ventured out to complete Benchmarks and accreditations 6

Amsterdam, but this year the first cohort of Full-time MSc in Management students began their internships abroad. The relaunch of student Values, mission, vision, a reward for life 10 their studies in Amsterdam as well. This program is now offered at both of our locations. exchanges certainly proved to be challenging, but in Breukelen & Amsterdam 12 the end it was a success. We will need to expand Amsterdam experience 13 our international partnerships in the years ahead This year was also the year of numerous accre- ments for our desired AACSB accreditation as Internationalization strategy 15 to accommodate the growing number of BSc in ditations. NVAO assessed our Master in Fiscal well as the recommendations from the EQUIS Education 18 Business Administration students. The accountancy Law and BSc in Accountancy, MSc in Accoun- accreditation panels. programs are working in close cooperation with Faculty & research 26 tancy and MSc in Controlling programs. While relevant accountancy firms to offer different Stewardship 32 NVAO evaluates specific programs, EQUIS grants With the Business Optimization Program, delivery modes within the program that take into Campus & student facilities 34 accreditation for the university as a whole. Nyenrode has introduced a new, structured account the time students are able to invest in their Our heritage 35 The location in Amsterdam was included in this way of working which is aimed at continuous studies (as the program is always followed alongside Student & alumni associations 38 process for the first time. The accreditations improvement. Major progress has already been a daily job). All programs strengthened the 'Personal Alumni 39 demand a great deal of preparation and energy made in this program, and these advances are Leadership Development Journey' in their curricula: from almost everyone at the university, but also reflected in the operational results. Digitization Nyenrode & (business) society 40 a component aimed at students’ personal develop- always provide valuable insights regarding areas is playing an important role on several fronts. Business optimization 42 ment (with our LES values as a basis) and an essential we can work on in the coming years. This year we This year we rolled out a new Learning Manage- Giving back 45 element of our mission to serve society by shaping additionally began our preparations to obtain ment System, Canvas, and simultaneously Nyenrode governance structure 46 responsible leaders. AACSB accreditation. An important goal in the worked on the implementation of a student Nyenrode organizational chart 47

updated strategy relates to research. The Faculty administration system called Osiris. These Organization 48 Miša Džoljić Centers will have broader opportunities to are large projects involving major operational Rector Magnificus Consolidated income statement steer their own research activities. At the same changes that affect almost everyone within our Nyenrode Foundation 49 time, we have been working on the university’s university and will only show their full value in a Closing remarks 51 research strategy and incorporating the require- few years’ time.

2 1946 1957 1971 1972 1982 1992 2005

Nyenrode founded as a business school on a 13th-century estate Founding of Start of the BBA program in First female • Nyenrode is designated as a university • Nyenrode opts for full private funding to retain its The name 'Nyenrode in the town of Breukelen by (predecessors of) major Dutch the alumni management (the first students at by the Ministry of Education. 'selection at the gate' policy, making Nyenrode the only Business Universiteit' companies (such as AKZO Nobel, KLM, Philips, Shell and Unilever) association VCV. Anglo-Saxon style program Nyenrode. • Start of the International MBA program. private university in the Netherlands. End of the is adopted. under the name of Nederlands Opleidings-Instituut voor in the Netherlands). • Start of the executive education BBA program. het Buitenland (NOIB). programs. • Start of the IDP program, the precursor of the current MSc in Management program.

TIMELINE NYENRODE BUSINESS UNIVERSITY 1946 - 2018

2007 2009 2010 2011 2014 2016 2017 2018

Start of NIVRA-Nyenrode Integration of the School of Acquisition of the New Business School (NBS), Merger of the Accounting Start of the Start of the BSc in • Nyenrode New Business School in Amsterdam Start of the Full-time School of Accountancy Accountancy and Controlling an independent legal entity in Amsterdam and Controlling School and Master’s program Business Administration is transformed into a full branch of the university. MSc in Management program and Controlling. as the second school at the that offers a BBA program. The name of the Business School into in Fiscal Law. on the Breukelen Campus. • Last BBA cohort begins in Amsterdam. in Amsterdam (alongside university, in addition to the the Amsterdam school becomes Nyenrode one organization. • Full-time MBA (formerly called the International MBA) the campus-based MSc Business School. New Business School (NNBS). launches as the first Nyenrode program in Amsterdam. in Management program in Breukelen). 4 5 BENCHMARKS AND ACCREDITATIONS PROGRAM ACCREDITATIONS

Accreditations by national and international authorities (NVAO, EQUIS/EFMD, AMBA, CEA and VRC) are essential to our university, among other reasons because they serve as a recognition of our quality NVAO to NVAO in 2019. In 2018, we started preparing assurance efforts throughout the program portfolio. They are also inspirational. The Academic Services Nyenrode Business University is subject to for the visit of an NVAO panel that would conduct Center (ACS) in particular is responsible for monitoring the quality assurance policies within individual the Dutch Higher Education and Research Act a midterm review of the BSc in Business Admini- programs and coordinating accreditation activities. of 1993, conforming to a bachelor’s-master’s stration. The panel visited on March 4, 2019. system, as well as to the European Credit Trans- fer System (ECTS). Our Bachelor’s and Master’s OTHER PROGRAM ACCREDITATIONS BUSINESS SCHOOL ACCREDITATIONS programs are accredited by the Dutch Ministry The accountancy programs are also accredited of Education through its national accreditation by the Commissie Eindtermen Accountants- agency, NVAO. An NVAO panel reviewed the opleiding (CEA). The Vereniging van Registercon- EQUIS the acceptance of this report by AACSB in June Master of Fiscal Law in March 2018 and was trollers (VRC) is a stakeholder of the Executive In December 2018, EFMD - the European Foun- 2017, we started working on the interim Self- satisfied with the program. The committee’s Master of Finance and Control. Our MBA dation for Management Development, an inter- Evaluation Report (iSER) in the summer of 2017. positive advice was endorsed by NVAO and the programs are accredited by the Association of nationally recognized accreditation authority The iSER will be submitted in June 2019. As accreditation was renewed. The MSc in Manage- MBAs (AMBA). None of these accreditations for business schools and companies - extended part of the AACSB accreditation, we also began ment was reviewed by an NVAO panel in had to be renewed in 2018. Nyenrode’s EQUIS accreditation for three years. the Assurance of Learning (AoL) process. AoL is November. The panel was critical of the quality EQUIS stands for EFMD Quality Improvement meant to gain clear insight into how Nyenrode assurance for assessment within the program, To become a chartered accountant, students System. This accreditation ensures continuous enables students in its degree programs to and an improvement plan is now being drawn up. must complete the theoretical RA program quality improvement and assesses the university successfully fulfill the learning objectives. It is The re-accreditation request will be submitted (Master and Post-Master) as well as the Practical in the areas of governance, programs, students, a cyclical process of quality assurance in which no later than May 1, 2019. In December, an NVAO Experience Assurance Program (Praktijkoplei- faculty and research. The assessment praised improvement measures are defined and imple- panel visited to review the Bachelor in Accoun- ding Assurance). In 2018, the Internship Council Nyenrode’s “engaged alumni”, “strong ties to mented on a program-wide level during each tancy, the Master in Accountancy and the Master granted accreditation to the new components of the business community” and “commitment to cycle, followed by an assessment of whether in Controlling. The QANU panel's conclusion was the Practical Experience Program at Nyenrode. ethics, responsibility and sustainability”. the goals set have been achieved. At the end of very positive and the report will be submitted August 2018, an internal seminar led by an AACSB AACSB AoL expert kicked off the AoL process. An AoL The Association to Advance Collegiate Schools of Committee was then established in October, Business (AACSB) is a global business education composed of five faculty members and five network and association. As a first step in the program management staff members. In the fall process towards accreditation by AACSB, an of 2018, a job position was created within the Eligibility Report was drafted in 2017. Following ASC to support the AACSB accreditation process.

6 7 RANKINGS

FINANCIAL TIMES RANKING BEST MASTERS The 2018 Financial Times European Business The 2018 Keuzegids for Master’s Programs has School Ranking was published in December. declared Nyenrode’s Master’s programs in As expected, Nyenrode Business University Business Administration and Master in Control- has slipped in the overall ranking of European ling as the “top programs” in the Netherlands. Business Schools, falling from 38th place in 2017 The Master in Management, Master in Control- to 51st out of 95 institutions in 2018. The univer- ling, Executive Master of Finance and Control, sity believes the reason for this result is clear: it and part-time Master in Fiscal Law can once is a consequence of a one-time lack of responses again call themselves the best programs from graduates in 2017, which factors into the of their kind. The Master in Accountancy is ranking. runner up in the same category as Master in Controlling. The results were determined According to the 2018 Financial Times ranking, based on the National Student Survey 2017, Nyenrode is once again number one in the under the responsibility of the Higher Education Netherlands in Executive Education Open Pro- Information Center (CHOI). grams. Nyenrode has maintained an unbroken streak in the top spot since 2013.

BEST INTERNATIONAL BUSINESS BACHELOR In a repeat to last year’s achievement, the Bachelor of Science (BSc) in Business Administra- tion has once again been rated as a top program in the Netherlands in the category of Internatio- nal Business in the 2019 Keuzegids Universiteiten (a selection guide for universities). The program far outperformed all other bachelor programs in the Economics & Business sector of the guide. BEST EDUCATOR IN THE NETHERLANDS With an overall score of 94 points out of 100, For the third time in a row, Nyenrode has the BSc in Business Administration is the only been awarded the title of best educator by MT program in the International Business category Magazine. Nyenrode even came in 13th on the to earn the designation of “top program”, MT1000 list of all companies in the Netherlands. even tying for second place among all bachelor This special issue of MT Magazine is the largest programs in the Netherlands. Moreover, the survey among business decision-makers regar- part-time BSc in Accountancy was rated as the ding the quality and popularity of business best program in the Fiscal Economics category. service providers in the Netherlands.

8 VALUES MISSION A REWARD FOR LIFE

Nyenrode offers a unique combination of academic theory, practical relevance and personal development, LEADERSHIP enables people to recognize and act upon NYENRODE SERVES SOCIETY BY to create sustainable added value for yourself, for your business and for society. A Reward for Life. opportunities in order to make meaningful contributions. SHAPING RESPONSIBLE LEADERS.

ENTREPRENEURSHIP encourages the proactive and ACADEMIC THEORY YOU AS A PERSON creative mindset necessary to achieve defined objectives. History has repeatedly shown that those endowed with VISION leadership and entrepreneurial abilities can have a major SUSTAINABLE ADDED VALUE impact, either positive or negative. NYENRODE, PREFERRED PARTNER OF TOP STUDENTS AND STEWARDSHIP, therefore, plays an essential role in ORGANIZATIONS, IS A TOP-20 the trinity by balancing Leadership and Entrepreneurship EUROPEAN EDUCATION AND with a sense of responsibility for all stakeholders involved, RESEARCH COMMUNITY WITH PRACTICAL RELEVANCE PERSONAL DEVELOPMENT YOUR ORGANIZATION SOCIETY keeping their best interests at heart. GLOBAL CONNECTIONS.

10 11 AMSTERDAM BREUKELEN & AMSTERDAM: BREUKELEN 2 FULLY-FLEDGED CAMPUSES

Since 2017, Nyenrode Business University has had campuses in two locations: Breukelen and Amsterdam. Since August 2018, we have offered the Full-time MSc in Management program both in Breukelen and in Amsterdam, welcoming a total of 60 new MSc students in the capital.

Our university is known for the personal atten- Amsterdam. The board now consists of five MSc, tion of our employees, lecturers and professors, MBA and BBA students from the Amsterdam the varied campus atmosphere where students campus. They are working beyond the boun- make friendships for life, and the active alumni daries of their study programs to encourage BREAKFAST SESSIONS community that organizes numerous activities interaction between students and promote AMSTERDAM During these sessions, a group of BBA, MSc and MBA students and maintains lasting contacts. All this takes the development of responsible leadership. Their meet with alumni and members of the Amsterdam business place on our vast estate in Breukelen, which vision is ‘to pave the way for Nyenrode students EXPERIENCE community. They discuss what responsible leadership means to boasts a 13th-century castle filled with extra- from Amsterdam to grow their personal com- them and how they want to shape the world they live in as future ordinary tales, as well as in the historic and lively petencies and develop relationships that will last Nyenrode Amsterdam aims to leaders. In 2018, we organized sessions with the following themes: city center of Amsterdam. a lifetime.’ build connections between students,

alumni, faculty, staff and the business CREATING IMPACT THROUGH STEWARDSHIP. DISCOVERING At our historic location in the heart of the community. We do so by organizing YOUR INNER WHY AND BECOMING A SOCIAL ENTREPRENEUR Netherlands, we have an active and intense unique events such as Breakfast & BY NIELS VAN BUREN campus life that enables students to develop Afterwork Sessions and an annual Founder of Swink Webservices into responsible leaders and build a solid Network Event. network for life. SERVING SOCIETY THROUGH ENTREPRENEURSHIP WITH A CASE PROVIDED BY HEARTBEAT STRATEGY, A SUSTAINABILITY Our Amsterdam site is located on the CONSULTANCY FIRM BASED IN AMSTERDAM Keizersgracht in the vibrant heart of the city. BY TIM MAZAJCHIK AND YASIN AMANI Our Amsterdam campus is small-scale, creative Founders of Heartbeat Strategy and has a truly international vibe. “OUR LOCATIONS OFFER STUDENTS THE CHOICE BETWEEN AN INTENSE GET INSPIRED BY ONE OF THE MOST INFLUENTIAL LEADERS IN For many students, campus and social life is STUDENT LIFE EXPERIENCE ON CAMPUS SUSTAINABILITY AND DISCUSS HOW TO BRING TOGETHER inextricably linked to studying at Nyenrode. ON THE ESTATE OR IN OUR BUSTLING CAPITALISM AND IDEALISM TO MAXIMIZE POSITIVE IMPACT Apart from the abundance of academic possi- CAPITAL CITY. AT BOTH LOCATIONS, BY WINEKE HAAGSMA bilities we offer, there are also three student STUDENTS CAN COUNT ON A PERSONAL Director of Corporate Responsibility at PWC associations (NCV, VAS, JCV). Since September APPROACH AND HIGH-QUALITY 2018, JCV has been the student association EDUCATIONAL PROGRAMS BASED WE ARE ALL STEWARDS: HOW TO BALANCE YOUR PURPOSE for all Nyenrode students who are studying in ON OUR CORE VALUES.” WITH PROFIABILITY. A BEAUTIFUL CASE BY WAKAWAKA BY CAMILLE VAN GESTEL JESSICA PETERS-HONDELINK Co-founder of WakaWaka Director of Nyenrode Amsterdam

12 13 INTERNATIONALIZATION STRATEGY

FULL LIST (AS OF DECEMBER 31, 2018) Our internationalization efforts recei- ved a boost this year when - for the first

• AIRLANGGA UNIVERSITY (INDONESIA) time in several decades - Bachelor’s

• AMERICAN COLLEGE OF GREECE (GREECE) students ventured out to complete

• BI NORWEGIAN BUSINESS SCHOOL* (NORWAY) their internships abroad. The relaunch

• BUREAU DE COOPÉRATION INTERUNIVERSITAIRE (CANADA) of this student exchange initiative

• EDHEC BUSINESS SCHOOL* (FRANCE) is one of the ways in which we at

• IE BUSINESS SCHOOL* (SPAIN) Nyenrode have taken positive steps

• IÉSEG SCHOOL OF MANAGEMENT* (FRANCE) forward in terms of our international

• IPADE BUSINESS SCHOOL (MEXICO) growth. Our growing list of partners FIRST ANNUAL NYENRODE MEGA LEARNING EXPERIENCE: • KOZMINSKI UNIVERSITY* (POLAND) features a number of Triple Crown NETWORK EVENT SIMULATION PROGRAM PREPS • MIP POLITECNICO DI MILANO* (ITALY) universities, including the prestigious The Nyenrode Network event is designed to boost STUDENTS FOR INTERNATIONAL CAREER • NEOMA BUSINESS SCHOOL* (FRANCE) EDHEC Business School and the Nova our Bachelor and Master students’ labor market On October 18, 2018, students from the Bachelor • UNIVERSIDADE DE LISBOA, NOVA SCHOOL OF BUSINESS School of Business and Economics. prospects through state-of-art workshops and net- in Business Administration (BBA) participated in a AND ECONOMICS* (PORTUGAL) Other notable partners include BI working opportunities. On May 24, 2018, we kicked competitive simulation that provided the ultimate • RANEPA RUSSIAN PRESIDENTIAL ACADEMY OF NATIONAL Norwegian Business School, MIP off the first edition of this event with a keynote link between theory and practice. This winning team ECONOMY AND PUBLIC ADMINISTRATION (RUSSIA) Politecnico di Milano and IÉSEG School speech by Jan Willem Velthuijsen, Chief Economist from our campus in Amsterdam proved to be the • RENMIN UNIVERSITY OF CHINA (CHINA) of Management. at PwC Europe. Throughout the day, students had best, outperforming all other university teams in the • RISEBA UNIVERSITY OF BUSINESS, ARTS & TECHNOLOGY (LATVIA) the chance to attend workshops such as Growth world that played in the same period. • SOGANG BUSINESS SCHOOL (SOUTH KOREA) These partnerships provide Nyenrode

Hacking, Pitch Like A Pro and Leadership Under • SP JAIN INSTITUTE OF RESEARCH & MANAGEMENT (INDIA) students with the opportunity to study Pressure. NYENRODE INCUBATOR FOR • SP JAIN SCHOOL OF GLOBAL MANAGEMENT (AUSTRALIA) abroad as part of an exchange program, AN ENTREPRENEURIAL MINDSET • THAMMASAT BUSINESS SCHOOL (THAILAND) meaning international students can AFTERWORK SESSIONS The Nyenrode Incubator added several new start- • UNIVERSIDAD DE MONTEVIDEO (URUGUAY) study at our university in return. In FOR STUDENTS, ALUMNI, STAFF ups to its community in 2018. In addition to Farm • UNIVERSITY OF ECONOMICS, PRAGUE (CZECH REPUBLIC) addition to student exchange possibili- AND THE BUSINESS COMMUNITY Brothers, Kick Stox and I-housing, the startups • UNIVERSITY OF MALAYA (MALAYSIA) ties, various efforts are underway In 2018, we organized a series of Afterwork Sessions Zoof, BBS, TU Events and De Maatschap joined as • UNIVERSITY OF STELLENBOSCH BUSINESS SCHOOL* (SOUTH AFRICA) to develop faculty exchange and joint which provided networking opportunities in an well. The purpose of the incubator is to instill • UNIVERSITY OF UTAH – DAVID ECCLES SCHOOL OF BUSINESS (USA) research initiatives. These endeavors informal setting. All students, faculty and staff were an entrepreneurial mindset in our students and • WESTMINSTER BUSINESS SCHOOL/UNIVERSITY OF WESTMINSTER (UK) will enhance strategic relations between invited to come meet with and talk to alumni and alumni. The startups also provide real-life business Nyenrode and top international univer- company representatives. One of the sessions was cases for use in our various educational programs. * Triple Crown partner, accredited by each of the three largest sities, while creating opportunities for and most influential business school accreditation associations: AACSB a special alumni event for our international MBA (The Association to Advance Collegiate Schools of Business), AMBA our faculty to collaborate with leading (The Association of MBAs) and EQUIS (EFMD Quality Improvement System). students and faculty. Several alumni shared success professors around the world. stories about what they have achieved since comple- ting their MBA at Nyenrode.

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STUDENTS AND PARTICIPANTS IN DEGREE PROGRAMS FIRST ACCOUNTANCY PARADE FOR LECTURERS As of January 1, 2018, around 4,000 students and participants were enrolled in degree programs at In 2018, we organized the first ever Nyenrode Accountancy PaRAde: an event for lecturers and thesis Nyenrode Business University. This number does not include BBA students at Nyenrode New Business School supervisors. During the PaRAde, the Lecturer of the Year winners were announced and the Vereniging van in Amsterdam. Most of these students in degree programs were studying part-time at Nyenrode. At our Accountancystudenten (Association of Accountancy Students) presented the annual VAS award for the Amsterdam location, 60 students started their Full-time MSc in Management in 2018 (another 100 started in best idea within the program: the new Integrated Audit IT course. Also during the event, the Brenda Westra Breukelen). A group of 39 students (including 6 from SP Jain) began their Full-time MBA in Amsterdam. Opinion Award was presented to Linda Stasse for her opinion piece Tijd voor tijd (‘Time for time’).

EDUCATION GET TO KNOW NYENRODE The best way to find out whether a program at Nyenrode is right for you is to talk to students, DEGREE PROGRAM HIGHLIGHTS from students and employers, we modified the participants, alumni and lecturers, and ideally Pre-Master in Accountancy program to have a to experience for yourself how things work MSc in Management students begin their shorter duration and a better study load for around here. To facilitate this, throughout the studies in Amsterdam and Breukelen future students. For students with a relevant entire year we organize various events such as In August 2018, we welcomed a new group of 160 academic Bachelor's degree or higher profes- experience weekends, roadshows, immersion students to the Full-time MSc in Management sional education (hbo) qualification in Business evenings, open days, business games and case program. For the first time, this program is now Economics, we now offer the redesigned competitions. being offered both in Breukelen (100 students) seven-month Pre-Master program instead of the and at our location in the heart of Amsterdam previous option that lasted one to two years. PROGRAM EVENTS (60 students). The research year of the Master in Accountancy

program has also been restructured to provide Executive MBA 8 Post-Bachelor in Controlling in Aruba students with even better preparation for the Full-time Master (MSc) in Management 11 As of September 2018, the Post-Bachelor program thesis writing process. Additionally, we intro- Bachelor of Science (BSc) in Controlling is also being offered in Aruba. The duced the Integrated Audit IT course within program has the same structure and content as the main subject of Auditing in the Post-Master in Business Administration 10 the Post-Bachelor in Controlling programs that phase. Part-time Master (MSc) in Management 8

we collaborate with in the Netherlands: HAN, Full-time MBA 2 Fontys and Windesheim. Modular MBA 5 DOCTORATE PROGRAM Accountancy 11 Changes in Accountancy programs Number of PhD students: 52, including 5 In 2018 we made several changes in our Accoun- newly enrolled in 2017-2018 Controlling 4 tancy programs. First of all, based on feedback Master in Fiscal Law 3

18 19 NEW PROGRAM DIRECTORS

In the past year we have welcomed four new Program Directors, two of whom have started in 2019: PERSONAL DEVELOPMENT AT NYENRODE EXECUTIVE EDUCATION & ORGANIZATIONAL DEVELOPMENT Career and Personal Development (CPD) is a depart- ment within Nyenrode that works with students and alumni. Its mission is to help students and alumni GENERAL MANAGEMENT PROGRAMS Closer collaboration between Nyenrode accomplish their career objectives by building a The goal of the Nyenrode General Management and IE Business School solid foundation for their career management and programs is to develop responsible leaders, In 2018, we intensified our collaboration with personal branding skills and connecting them with entrepreneurs and organizations so that they are Madrid-based IE Business School. Nick van Dam, the corporate world. In essence, the CPD experience ready for the leadership of the future. We do this professor of Corporate Learning & Development at Nyenrode enables students and alumni discover by offering the unique combination of academic at Nyenrode, was appointed as an Executive who they are, what they are good at and what they CONSTANT RAMS - September 1, 2018 theory, practical relevance and a focus on perso- Board member at IE Business School. He is want to achieve. Accountancy Degree Executive Program Director nal development. We provide an ideal and safe the Academic Director of the International learning environment for participants to work on Masterclass on Learning & Development Leader- personal and effective leadership, at every stage ship. This course has now been added as a new of their careers. A distinguishing characteristic masterclass in the portfolio offered by both of our approach is that participants use the universities. academic theory and insights they learn and apply these directly in practice. We focus on NEW INITIATIVE: NYENRODE CHANGE personal development within the business EXPERIENCE LAB context of the organizations where participants As of September 1, 2018, a new initiative called SAM SOLAIMANI - September 1, 2018 are employed. the Nyenrode Change Experience Lab has been Program Director of Full-time MBA launched in the same building as the Nyenrode PROFESSIONAL PROGRAMS Lean Institute. In addition to the Lean programs Our Professional Programs are designed for currently offered, customized and open pro- people who want to reach their highest potential grams will be organized here as well. The Lab is a and create sustainable added value for them- place where four-dimensional learning (rational, selves and their environment. The focus is always emotional, physical and spiritual) is encouraged on the practical applicability for the organi- through creative and unusual methods, drawing zation, and the program selection reflects upon the facilities of the campuses in Breukelen our response to market trends. This year, and Amsterdam, among other sources. It is the HANS TEN ROUWELAAR - January 1, 2019 new Professional Programs were launched in the ideal setting for programs focusing on themes Program Director of Part-time MSc in Management areas of strategic agri-marketing, agile manage- such as Design Thinking, Digital Transformation, ment, public affairs and stakeholder manage- Robotization and Artificial Intelligence, Block- ment, security management, tax and digital chain and Future Strategist training. leadership. The Masterclass in Advanced Project Management has undergone a redesign to better In 2018, Nyenrode offered 98 executive suit the wishes and requirements of the business education open enrollment programs, community. contributing to the education of around 4,300 executives. During the same year, we provided 74 customized programs MAREN SMULDERS - February 1, 2019 to 44 organizations. Program Director of BSc in Business Administration

21 NYENRODE CORPORATE GOVERNANCE TAX & FINANCE PROGRAMS INSTITUTE The Nyenrode Corporate Governance Institute (NCGI) WE LAUNCHED FOUR NEW PROGRAMS IN 2018: conducts research on corporate governance and offers training programs for members of executive Program in Asset Management for the Private and supervisory boards, company secretaries and Wealth Sector other players in the realm of corporate governance, The program in Asset Management for the Private including accountants, controllers and compliance Wealth Sector started in October. This program is officers. aimed at anyone who wants or needs to fulfill a management role in the field of asset management. First meeting of Nyenrode Supervisory Board Members Community Register Valuator program The first meeting of the Nyenrode Supervisory Board The new program in Business Valuation, which was Members Community was held on May 8, 2018. The launched in September, introduces participants guest speaker was Prof Dr Jaap van Manen, emeritus to the practice of dealing with valuation issues and Professor of Corporate Governance (University of teaches them about the many possible situations Groningen) and a leading non-executive in profit and in which the economic value of a company might be not-for-profit settings. He spoke about his experien- put into question. ces as (former) chairman of the Corporate Gover- nance Monitoring Committee during the revision and Mergers and Acquisitions masterclass reform of the Dutch Corporate Governance Code. The new Mergers and Acquisitions masterclass began in October. Using business cases and simulations as New Board Program alumni meeting a basis, participants in this masterclass gain broad On May 29, 2018, the New Board Program alumni knowledge in the areas of valuation issues, the finan- association held its spring meeting at Nyenrode. cing of acquisitions and the impact of value creation Together with guest speakers Derk Haank (super- on their organization. visory director at KPN) and Marianne van Leeuwen (supervisory director at Sligro Food), the attendees Start of program on risk management in - all of whom were executive and supervisory the pension sector directors as well as alumni of the New Board Program During the program titled “Integrated risk manage- – discussed the topic of executive succession. ment for policymakers in the pension sector”, participants learn how they can optimally structure Expanded collaboration with Dutch CUSTOMIZED PROGRAMS the risk management activities at their pension fund. Association of Insurers Our Customized programs are in-company programs In addition, they learn how to evaluate and optimize We will be expanding our current partnership with in the area of management and organizational the effectiveness of the integrated risk management the Verbond van Verzekeraars (the Dutch Association development. Each program is tailored to the (IRM) processes in place. The program is designed of Insurers). We have agreed to jointly develop specific internal and external context of the organi- in such a way that it also satisfies the requirements new training programs for executive directors and zation. The programs cover topics ranging from set by De Nederlandsche Bank (DNB). supervisors employed at insurance companies, with strategic consulting and facilitation at board level these programs to be held at Nyenrode. The aim is to management development interventions for to further increase the quality and professionalism senior and mid-level management or professionals. of senior management.

22 23

PHD GRADUATIONS

THESIS Insight into Electronic Health Record (EHR) FACULTY A Sociotechnical Perspective workarounds can help healthcare organizations on Workarounds Emerging to increase patient safety as well as the quality & RESEARCH from Electronic Health Record and efficiency of care. In order to achieve this, System Usage in an Academic the entire care provision system must be included. Hospital Setting. This is one of the conclusions reached by Dr Vincent Blijleven in his dissertation. NYENRODE SUPERVISOR VINCENT BLIJLEVEN Prof Dr Kitty Koelemeijer NYENRODE.NL/BLIJLEVEN MARCH 28, 2018

DR MELANIE DE RUITER PROF DR ROBERT BLOMME THESIS Soederhuizen’s dissertation consists of four studies HEAD OF PHD PROGRAM HEAD OF FACULTY Empirical Studies on (Un) which focus on the effects of policy measures Conventional Policies and relating to the financial crisis. After completing Macroeconomic Adjustment his doctoral studies at age 26, Beau Soederhuizen during the Crisis. became the youngest person ever to earn a PhD “Research at Nyenrode has enjoyed increasing prominence from our university. in recent years, even though the output is not yet where NYENRODE SUPERVISOR we want it to be. This has become clear from my more than Prof Dr Ivo Arnold NYENRODE.NL/SOEDERHUIZEN BEAU SOEDERHUIZEN 40 interviews with faculty members and center directors. JUNE 11, 2018 In addition, the New Year’s speech by Remmelt Vetkamp, CFO Nyenrode, focused on research first and teaching-related THESIS With consolidated customer data and a successful issues second: a clear shift in focus from the recent past. Customer Intelligence and Customer Intelligence (CI) strategy, sales repre- The corporate website will also clearly showcase publications its Effect on Buyer-Seller sentatives can establish a closer connection with for each faculty member in the near future. Relationships in Business the customer in order to increase sales revenue. Markets. CI has quickly risen to prominence, and sales To facilitate the growing importance of academic research, departments should adapt accordingly. Konstan- I worked on a research strategy. The preliminary version was NYENRODE SUPERVISORS tinos Rigopoulos received his doctorate for his met with enthusiasm by the EQUIS visitation team, and a final Prof Dr Henry Robben research within this theme. KONSTANTINOS version is currently making the rounds. The main concern Prof Dr Edward Groenland RIGOPOULOS in the research strategy is securing enough research time NYENRODE.NL/RIGOPOULOS SEPTEMBER 17, 2018 for faculty with research output. One way to achieve this is to overhaul the internal reimbursement system; significant progress has recently been made to that effect. Finally, a new THESIS The traditional sense of loyalty between employer research council was formed, with one faculty member from Creating a Committed and employee is under threat. In his dissertation, each of the five centers. This council met twice in 2018 and Workforce: Using Social Ali Fenwick reaches the conclusion that the current intends to meet four times a year going forward. Exchange and Social Identity form of organizational commitment - which is to Enhance Psychological based on social exchange - is not sufficiently In summary, research is on the rise!” Attachment within an future-proof to act as a binding agent in working Ever-changing Workplace. relationships. PROF DR BO VAN DER RHEE RESEARCH DIRECTOR ALI FENWICK NYENRODE SUPERVISOR NYENRODE.NL/FENWICK DECEMBER 12, 2018 Prof Dr Lidewey van der Sluis 27 INAUGURAL LECTURES

JAAP SCHAVELING ON LEADERSHIP LEEN PAAPE ON CORPORATE BAS HILLEBRAND ON INNOVATION JOOST VAN BUUREN ON THE AND COLLABORATION GOVERNANCE IN THE TOURISM SECTOR ACADEMIZATION OF AUDIT METHODS People are not naturally very skilled at wor- Our economy should not just be about profit An ecosystem perspective on innovation in the According to Prof Dr Joost van Buuren RA, king with large groups of others. Still, we are and shareholder value, but also about crea- tourism sector is needed. This approach places the field of Auditing & Assurance has not increasingly asked to do so. To make this type ting sustainable value, for everyone. This was a much greater focus on the various stake- been innovative enough in recent years and of collaboration a success, it is important the message Prof Dr Leen Paape shared in his holders in the innovation, which in turn provi- is failing to adequately fulfill users’ wishes. that everyone demonstrates leadership and inaugural lecture on September 6, 2018 to des a clearer picture of the long-term success Van Buuren therefore calls upon the sector develops a good moral compass, and that mark his acceptance of the chair in Corporate and added value for the customer. That was to develop a new active approach: one in all levels of our leadership are in order. Prof Governance. the message shared by Prof Dr Bas Hillebrand which innovation is aimed at meeting users’ Dr Jaap Schaveling shared this message in in his inaugural lecture on October 3, 2018. needs and boosting their trust in the accoun- his inaugural lecture on August 31, 2018 to tant through scientific validation of audit mark his acceptance of the professorship in methodology. Prof Dr Joost van Buuren RA Leadership & Cooperation. shared this message in his inaugural speech on November 28, 2018.

NYENRODE.NL/SCHAVELING NYENRODE.NL/PAAPE NYENRODE.NL/HILLEBRAND NYENRODE.NL/BUUREN

ARTICLES IN SCIENTIFIC JOURNALS 1 STAR 2 STAR 3 STAR 4 STAR STARS As reported by faculty as of February 2019. TOTAL

• Journals rated 1 Star are modest standard 2014 16 15 18 2 51

journals within their field. They publish 2015 10 13 8 3 38 research of a recognized standard. 2016 5 8 6 2 21 • Journals rated 4 Stars are top journals in their field. They publish the most original and 2017 2 10 8 1 21

well-executed research. These journals typically 2018 13 11 10 3 37 have high submission and low acceptance rates.

Based upon the Association of Business Schools (ABS) ranking. 28 NEW PROFESSORS

COKKY HILHORST RUUD WETZELS PASCALE PETERS OLOF BIK Cokky Hilhorst was appointed Professor of Ruud Wetzels was appointed Professor of Pascale Peters was appointed Professor of Olof Bik was appointed professor of Behavioral Business and IT at Nyenrode in April 2018. Data Science as of July 1, 2018. In this chair, Strategic Human Resource Management in Research in Auditing as of September 1, 2018. She combines this position with her leader- Wetzels focuses on applications of Artificial September 2018. Her research largely focuses Bik previously served as Program Director of ship role at the Bureau ICT-toetsing (BIT), Intelligence (AI), mathematics and statistics in on the shaping of labor relations and the the Accountancy programs at Nyenrode, and an agency which measures the added value the business world. He combines this position demand for new leadership in light of societal will continue this role as Academic Director. and feasibility of large-scale IT projects of the with his work as Senior Manager at PwC. changes such as globalization, individuali- He is also Managing Director of the Foundation central government. zation and technological and demographic for Auditing Research located at Nyenrode. developments.

APPOINTMENTS OF NYENRODE Prof Dr Tom Berkhout has been appointed visi- PROFESSORS ABROAD ting professor of Real Estate and Tax Law at the Russian Presidential Academy of National Prof Dr Nick van Dam, Professor of Corporate Economy and Public Administration (RANEPA). Learning & Development and Academic Director JOHN DUMAY APPOINTED of the International Masterclass on Learning & Prof Dr Désirée van Gorp, Professor of Inter- VISITING PROFESSOR Development Leadership, has taken on several national Business at Nyenrode and chair of our John Dumay of Macquarie University in Sydney, roles at IE Business School in Madrid as of January International Advisory Board, has been appointed Australia, was appointed Visiting Professor at 2019. He has been appointed as an Executive Visiting Professor at MIP Politecnico di Milano Nyenrode Business University in September Board member, Chief Learning Innovation Officer Graduate School of Business. 2018. Dumay is a renowned scholar in the and Professor of Corporate Learning & Leadership field of non-financial corporate reporting. Development. He worked as an independent business con- sultant across a wide range of industries for over 15 years before joining academia. FUNDRAISING FOR IMC WEEKEND SCHOOL In the fall of 2018, Nyenrode Amsterdam began fund- STEWARDSHIP raising for IMC Weekend School, an initiative that strives to increase the self-confidence and future prospects of students from various social classes. Nyenrode Business University has subscribed to the Principles for Responsible Management HEALTHY AND IMC Weekend School offers a three-year program Education (PRME). This initiative by the United Nations stimulates corporate social responsibility in SUSTAINABLE CATERING focused on motivation. Students and staff from academic education and scientific research. Nyenrode is committed to the six principles of PRME: Nyenrode Amsterdam collected a total of € 1,000 in purpose, values, method, research, partnership and dialogue. UNPRME.ORG. Together with catering partner Vermaat, we the run-up to the Christmas party. Nyenrode has continue to work on offering healthier and participated in several collaborative projects with In addition to academic theory and practical relevance, personal development is an essential more sustainably sourced and local products to IMC Weekend School in recent years, such as giving component of the curriculum in our educational programs. This is exemplified through our mission our students, participants and staff – many of guest lectures and providing space for the school to 'Serving society by shaping responsible leaders' and our three core values of Leadership, whom spend long days at our campus. We want hold its alumni gatherings. Entrepreneurship and Stewardship, which date back to the roots of our institution (see p. 10). to help them make responsible choices so they By creating specific academic chairs, we promote education, research and the social debate on can become increasingly vital. Another aspect PAPERS ON SUSTAINABILITY stewardship, sustainable business and responsible leadership. Examples include the chairs in of this effort is our aim to inspire our guests to BY HIGH SCHOOL STUDENTS Sustainable Business & Stewardship, Sustainable Building & Development and Business Ethics. bring these ideas about food and vitality back Each year, students from the bilingual pre-university to their own organizations: in other words, we education (VWO) program at RSG Broklede high want to lead by example. school in Breukelen receive guidance from Nyenrode SUSTAINABLE OFFICE FURNITURE CONTRIBUTING AT ALL LEVELS lecturers in completing a profile paper for school. ln 2018, we started working with a new supplier With our current catering partner Vermaat The condition is that the topic of the paper must be Nyenrode's mission and the core value of for our office furniture. This company contri- and food-waste reduction company Waste- related to the theme of sustainability. Stewardship inspire employees at all levels butes to a sustainable society by offering oppor- watchers, we try to decrease food waste in the organization to contribute to socially tunities to people with limited access to the while making every effort to reduce, reuse and responsible business practices. labor market, and supports the circular economy recycle our overall waste. We serve as many STUDENTS LEARN ABOUT HERITAGE with cradle-to-cradle programs. products as possible with the EKO quality In 2018, sixteen classes from local high schools Sustainable solutions are chosen as much mark or the ‘Beter Leven’ (Better Living) label. RSG Broklede and Broeckland visited our estate as possible with respect to: The coffee and tea that we serve bears the as part of a lesson to learn about ‘important • energy procurement HOSTING RESIDENTS FROM EKO quality mark as well as the Fairtrade seal. heritage around the corner’. Using a special • energy consumption RESIDENTIAL CARE FACILITY app (developed by students), they answered • restoration of monuments In the summer of 2018, Nyenrode took in HIRING ONLINE SPECIALISTS WITH AUTISM questions about art, culture and nature at • renovation of rooms and buildings several dozen residents from the residenti- To optimize our online performance, we use the Nyenrode while being led on a tour. The lesson • landscaping al care facility 't Heycop in Breukelen after services offered by Swink: a commercial company was inspired by the exhibition ‘Nyenrode. a fire at the complex temporarily rendered with social impact, led by alumnus Niels van Buren. A source of inspiration for art. Five centuries of Moreover, not only are the university's their apartments uninhabitable. After a The online specialists at Swink are all people with history and more’, an initiative of Art Fund vehicles now electric, but those vehicles three-week stay in the Plesman Hotel on autism who have exceptional qualities, such as Nyenrode in collaboration with the Vechtstreek used by partners on the estate are electric the estate, they were able to return home. highly developed analytical and problem-solving Museum. During one of the lesson days on as well. Sustainability also plays an impor- skills. With their help, we are able to achieve our November 22, the students were joined by tant role in the collaboration with our part- online optimization targets. Additionally, for every Stichtse Vecht mayor Yvonne van Mastrigt. ners, including waste management and euro that Nyenrode invests in Swink, a further € 1.95 cleaning. is put towards making a social impact.

32 33 CASTLE AND ESTATE CAMPUS & STUDENT FACILITIES OUR HERITAGE Our historical and natural heritage is inextricably linked to the university and forms Over the years, both Nyenrode’s locations in Breukelen and Amsterdam have proven to be an essential part of the Nyenrode experience. meaningful places for many people, and the perfect environments in which to learn and grow. FRATERNITY UNVEILS The castle and the estate in Breukelen - Our campuses are the ideal setting to meet, share knowledge and acquire new skills - and put RESTORED ORANJERIE measuring 56 hectares and including a lands- these into practice. On our estate in Breukelen, we have 295 student apartments, two hotels with cape park - are owned by Nyenrode Foundation In the spring of 2018, the monumental a total of 99 rooms, sports facilities, and buildings with educational facilities and offices. (Stichting Nyenrode), the 100% shareholder of Oranjerie on the estate underwent a hull the university. The costs of restoring, renova- restoration with substantial financial ting and maintaining our 27 monuments AMONG THE ‘WORLD'S MOST PARKING AREA support from the Erfgoedparels Fund of naturally put a heavy strain on the budget AMAZING CAMPUSES’ Parking area D on the south side of the estate the Province of Utrecht and alumni of the of a private organization such as Nyenrode. Nyenrode Business University is ranked number in Breukelen has been expanded. Due to the Luctor et Abortior fraternity. After their Government subsidies and funds are therefore 6 on the list of the top 10 ‘world’s most amazing increasing number of visitors, 100 additional annual bike tour on June 16, the fraternity solicited if possible. Nyenrode Fund, which business school campuses’, published by the parking spaces have been added. Parking areas members held a festive opening event in the facilitates donations by alumni, has been online platform Business Because. This rating A, B, C and D are now equipped with video newly restored Oranjerie. successful in obtaining a number of subsidies places Nyenrode ahead of renowned business surveillance as well. for the restoration of our (national) monu- schools such as Oxford and HEC Paris. Special PROVINCIAL SUBSIDY FOR MENAGERIE ments. As a result, we can ensure that several mention is given to the university carillonneur, The province of Utrecht contributed €134,028 of the monuments in our cultural heritage who provides a musical backdrop for festive from the Erfgoedparels subsidy scheme to the will now receive a much-needed makeover. events by playing from the clock tower. restoration of Nyenrode’s Menagerie, a complex of aviaries and outbuildings located on an island NEW CAMPUS DEAN on the estate. Prins Bernhard Cultuur Fonds, On December 3, Bart Eenkhoorn joined Nyenrode Bouwstenen voor Dierenwelzijn Foundation and as the new Campus Dean in Breukelen. After OTHER RENOVATIONS AND Gravin van Bylandt Foundation participated as obtaining his degree in Business Administra- IMPROVEMENTS well. The restoration work began in the summer of tion from Erasmus University in Rotterdam, 2018. Eenkhoorn worked in sales and marketing at a • In 2018 we replaced the upholstery number of leading Dutch multinationals, in the on the chairs in the Pfizer room, Netherlands and abroad. our largest lecture hall in Breukelen. We chose green fabric so that the OPENING OF NEW LECTURE HALLS AT color of the estate outside would NYENRODE AMSTERDAM flow through to the interior decor. On October 29, a festive ceremony was held • An open study area was created in the to mark the opening of two new lecture halls Library building in 2018. at Nyenrode Amsterdam. The relocation of the • On campus, we added a bicycle storage Full-time MBA and part of the Full-time MSc facility for students and replaced program from Breukelen to Amsterdam led to one of the waste disposal stations. a need for greater capacity. The two state-of- • The sanitary facilities in the student- the-art lecture halls can be joined together to run Zolderbar were renovated, giving accommodate 144 students. the bar a more spruced-up look.

34 CASTLE REPAIRS and the local church community lead guided tours During the summer months of 2018, the castle across the estate for visitors. On Saturday Septem- was closed for repainting on the outer side of the ber 8, 2018, we once again opened our doors to building (canal side). Lares Lambrisering Restauratie celebrate the annual nationwide Open Monuments also restored the gold leather wallpaper in the Day. This resulted in a record turnout, with university castle’s Ridderzaal. This unique gold-painted leather employees giving an estimated 500 interested wallpaper is the work of Jan Mensing (1869-1952). visitors a tour around the castle. He crafted it in 1908 at the behest of castle lord Michiel Onnes, who gave the castle a major makeover during that period to restore it to its former allure.

GREENHOUSE MAINTENANCE In 2018, major maintenance work was carried out on the greenhouse at the Oranjerie. The monumental greenhouse is part of the complex that is used by the gardening department of Nyenrode.

A SOURCE OF INSPIRATION FOR ART ALUMNI GIFTS TO THE ESTATE In the spring of 2018, the lone nandu (American On Thursday September 6, Yvonne van Mas- rhea) was joined by two young feathered kin. trigt (Stichtse Vecht mayor) and Jan Nooitge- The new rheas - a type of flightless bird from South dagt (chairman of the Foundation Board of America - were donated by alumni of the Modular Stichting Nyenrode) opened the exhibition Executive MBA in Public & Private. A few weeks later, ‘Nyenrode. A source of inspiration for art. Five alumni from Executive MBA class of 2013 donated centuries of history and more’ in the Ridder- a King's linden tree (Tilia europaea ‘Pallida’) with zaal of the castle. This 12th exhibition by Art a decorated fence by artist Margot Berkman. King's Fund Nyenrode – an initiative of Nyenrode linden trees are traditionally planted on the occasion alumni – was organized in collaboration with of royal successions. These trees can live to a very the Vechtstreekmuseum, situated in the neigh- old age. boring town of Maarssen. The exhibition was accompanied by a coffee table art book/cata- VISITING THE ESTATE log. Other Art Fund Nyenrode exhibitions in As a business university, we strive to maintain a 2018 included a display of works by painter learning environment that is as quiet and free of Kees van Bohemen from the collection of alum- disruptions as possible for our guests and students. nus and art collector Carel Paauwe. On Tues- This forces us to limit entry to the estate for visitors day May 8, Jan Kees de Jager (CFO of KPN, for- ROOSTER BACK IN CASTLE COURTYARD who wish to come and enjoy the beautiful sur- mer Minister of Finance and Nyenrode alumnus) After 17 years, the Nyenrode rooster has returned to the castle courtyard roundings. Nevertheless, we offer several opportu- opened an exhibition of works from the KPN art thanks to financial contributions from alumni of the NOIB class of 1968 and nities to do so at set times, when organizations collection. KPN is one of the university’s foun- the efforts of Stichting Nyenrode Fonds. The marble statue was unveiled to the such as the Vechtstreekmuseum, IVN (the Dutch ding companies. donors during a festive ceremony on December 1. It is a replica by sculptor Institute for Nature Education and Sustainability) Serge van Druten. The original statue from 1777 was severely damaged in 2001.

36 STUDENT & ALUMNI ASSOCIATIONS

NIEUWE COMPAGNIE VAN VERRE (NCV) FOR ALL STUDENTS ON CAMPUS IN BREUKELEN AUSTRALIA SYDNEY GERMANY BERLIN SOUTH AFRICA STELLENBOSCH BELGIUM ANTWERP MEXICO MONTERREY, GUADALAJARA, TAIWAN TAIPEI

BRAZIL SAO PAOLO, RIO DE JANEIRO MEXICO CITY THAILAND BANGKOK • Founded in 1947 JONGSTE COMPAGNIE VAN VERRE (JCV) FOR CANADA MONTREAL PORTUGAL LISBON UK EDINBURGH • Members: around 300 ALL STUDENTS IN LOCATION AMSTERDAM CHINA BEIJING RUSSIA MOSCOW URUGUAY MONTEVIDEO • Number of committees: 44 COLOMBIA BOGOTA SINGAPORE SINGAPORE USA NEW YORK • Founded in 2011 • Members: 75 • Number of committees: 7 ALUMNI

For Nyenrode Alumni VCV and the Alumni Nyenrode as well. As an example, there is a & External Relations Office, 2018 was also committed group of alumni who serve as peer a year filled with wonderful activities and group coaches to help foster the development of initiatives by and for alumni. students living on campus. They also come back to mentor scholarship recipients, give guest Together Nyenrode and NA VCV are working hard lectures, share their experience with prospective

VERENIGING VAN ACCOUNTANCY to achieve the best workable situation regarding students during open days and experience STUDENTEN (ASSOCIATION OF tighter adherence to the GDPR (AVG in Dutch, see sessions, and inspire and help other alumni ACCOUNTANCY STUDENTS, VAS) p.48). After all, despite the new law, it is impor- during NA VCV gatherings such as the Coaching

NYENRODE ALUMNI tant that the mutual exchange of data continues Café and Refreshment Day. • Founded in 1971 VERENIGDE COMPAGNIE VAN VERRE to take place with the approval of alumni and • Members: around 2,500 (NYENRODE ALUMNI VCV) students. To ensure that Nyenrode alumni are The intensive contact with alumni does not • 3 Bodies: Student Council, Activity not negatively affected by the GDPR, we are stop at our Dutch borders. Alumni lend their Committee and Student Representative • Founded in 1957 working in close collaboration to develop a solid assistance at international recruitment events, • Members: around 5,700 action plan. and alumni, students, staff and faculty in various • Recipients of Van Verre Magazine: cities worldwide have had the opportunity to in 57 countries Alumni regularly return to their Alma Mater: meet and reconnect in a total of 17 countries. • 60 Circles (abroad, in the not only to attend Homecomings and VCV Netherlands or theme-based) Circle meetings, of course, but to give back to

38 39

NYENRODE & (BUSINESS) SOCIETY DIES NATALIS LECTURE BY BEADLES’ DAY PETER BAKKER On Friday April 13, 2018, a total of 60 beadles The university invited Peter Bakker, President from 17 Dutch universities gathered at Nyenrode NYENRODE ONLINE OPENING OF THE ACADEMIC YEAR and CEO of the World Business Council for for the annual Beadles’ Day. The Beadles’ Day 2018-2019 BY DICK SCHOOF Sustainable Development (WBCSD), to serve has been organized since 1990. It was esta- Our Nyenrode website was visited by as keynote speaker during Nyenrode’s 72nd blished to promote contact between the 1.8 million people in 2018. Nyenrode is During the Opening of the Academic Year Dies Natalis on November 20. In his speech, beadles from different universities and allow also active on various social platforms. Our on September 3, 2018, National Coordina- he discussed the connection between the them to share their experiences. followers receive updates on Nyenrode tor for Counterterrorism and Security dream of Nyenrode’s founders - making the news, business-related articles and the Dick Schoof delivered his keynote speech Dutch economy thrive - and the challenges of Nyenrode Experience of our students, titled ‘Cyber security: A never-ending sustainability. Bakker argues that ‘busines- ESTABLISHMENT OF RSM-NYENRODE alumni, professors and employees. In the race’. Schoof discussed the developments ses must take on a leading role in order to INSTITUTE years ahead, we will make more intensive surrounding the digital threat with an effectively manage the changes that lie ahead.’ RSM, a firm that specializes in auditing, tax consul- use of social media to connect with audience of faculty members, students, tancy and advisory services relating to financial- the community in a more personal way. In employees and other invited guests. economic and strategic issues, has teamed up with 2018, we stepped up our activities on the INFLUENTIAL NYENRODIANS Nyenrode to establish the RSM-Nyenrode Institute increasingly popular platform Instagram as experiences and research. The agenda for this Many familiar faces from the Nyenrode network can (RNI). The new RSM-Nyenrode Institute provides well as on WeChat and Weibo. initiative included online collaboration as well be seen among those on lists of the most influential a knowledge platform where professionals can as offline inspiration meetings. people. Nyenrodians are well represented in the draw upon science to test real-life practice within NUMBER OF IMPRESSIONS IN 2018 top-100 lists of the most influential women and a constant training program. At the same time, PARTNERSHIP BETWEEN NYENRODE most influential supervisory board members in the the institute opens the door for students to the FACEBOOK 31.5M AND EVOFENEDEX Netherlands, both published by Management Scope professional world. INSTAGRAM 7.8M With effect from March 14, 2018, Nyenrode magazine. Talented alumni can also be found among LINKEDIN 7.8M and entrepreneurs’ association evofenedex the top 100 Goudhaantjes (literally ‘goldcrests’) LECTURES AT ORPHEUS THEATER TWITTER 190K - a network of Dutch trade and production announced by Management Team magazine. This During the 2018-2019 season, the Orpheus Theater in companies with international and logistics title is awarded to business people under the age Apeldoorn hosted a series of lectures on sustaina- operations - have once again embarked on a of 45 who occupy positions at board level. bility given by Nyenrode professors. Theater CULTURAL ENTREPRENEURSHIP IN partnership in the form of the chair in Supply programmer Marijt Helmink, a Foundations of SUSTAINABLE HISTORIC BUILDINGS Chain Management. The focus is on deepening KOETSHUIS CONCERTS Management alumna, says that her Nyenrode On June 12, a kick-off event was held at Nyenrode the knowledge and experience previously gained ​In collaboration with Nyenrode, Stichting KAMer- education gave her a wealth of knowledge and to launch efforts to promote cultural entre- within the chair, concentrating specifically on muziek Amsterdam (KAM) organizes adventurous inspiration. She then thought: “More people should preneurship in sustainable historic buildings. cross-border supply chain risk management. chamber music concerts on the estate performed by hear this!” The three lectures in the series were given Businesses, government authorities, advisors, This will also give the members of evofenedex a new generation of talented musicians. The 2018 by Dr Edgar Karssing, Prof Dr Anke van Hal and builders and financial backers inspired and access to scientific and other knowledge in series included performances at the Koetshuis by Prof Dr André Nijhof, respectively. assisted one another by sharing knowledge, this area. the Amatis Piano Trio and the Babylon Quartet.

40 41 BUSINESS OPTIMIZATION

To achieve the goals set out in the 2020 Strategy, it is important that our operational processes are In 2018, more and more programs began working NEW DIGITAL WORKSPACE in order. This enables us to collaborate more effectively for the benefit of our students, participants, with Canvas and lecturers received guidance on In 2018, we began preparations to develop a new clients and alumni. In Nyenrode’s Business Optimization Program, major steps have already been taken transforming their courses according to the principles digital workspace that would meet the demands and towards improvement and these advances are reflected in the operational results. With this program, of blended learning. requirements of modern (collaborative) working we have introduced a new, structured way of working aimed at continuous improvement. methods. The new digital workspace will be acces- DIGITAL EXAMS sible on various devices and offer tools that facilitate The list of projects will continue to be developed over time. The business optimization projects initially Over the past few years, we have taken steps towards collaboration. The current intranet will be replaced focused on the primary processes of the organization. As these processes are now largely in place, implementing digital examination at Nyenrode. as well. The new digital workspace will be introduced the focus of the Business Optimization Program has shifted to our secondary processes for the period A pilot in June 2018 revealed important areas in phases in 2019 according to four scenarios: ahead. We have since begun digitizing our HR processes and restructuring our financial processes. for improvement and led to a reset of the project. 'Personal productivity', 'Collaborating your way', Although the results of these projects may be not be immediately visible to our business relations, they We used this opportunity to approach the project 'Informing the organization' and 'Creating an overview'. are important improvements for the organization that will also contribute to the quality of our services. from a broader perspective. While the previous aim was to primarily examine the benefits of digital 'PROJECTS' DEPARTMENT testing for students, we are now also considering In 2018, the decision was made to establish a CRM ONLINE OSIRIS its advantages for lecturers and for the organiza- new 'Projects' department as a next step towards Our Customer Relations Management system The new student administration system OSIRIS tion as a whole. With the help of Chromebooks further embedding project-based work within the plays a key role in providing correct, persona- has successfully been rolled out to the majority and Cirrus examination software, digital exams at internal organization. This Projects department will lized and client-oriented services to our students of our degree programs. Efforts have now begun Nyenrode should help to improve the quality and fall under the ICT department, but it will not specifi- and participants, and maintaining relationships to incorporate the remaining Accountancy efficiency of our education. cally focus on ICT-related matters. A team leader was with our other stakeholders. After the marketing and Controlling programs. Important objectives appointed at the beginning of 2019. and recruitment teams as well as the admissions included the harmonization and automation PROJECT ON HIRING OF THIRD PARTIES officers of the degree programs started working of primary administrative processes and the A crucial component of the roadmap within the COMPLETED PROJECTS with our new CRM system, it was then rolled implementation of digital enrollment via OSIRIS. Business Optimization Program is the optimization Previously completed business optimization projects out to the Executive Education & Organizational of the process for hiring third parties, such as self- include: launching our new corporate website; Development department. Nyenrode Fund and CANVAS employed individuals and temporary personnel. introducing our central schedule for booking lecture the Alumni & External Relations Office will follow Canvas is the new Learning Management System In this project, the various current procedures will be halls and rooms; developing a vision, policy and in 2019. at Nyenrode. It serves as a portal for communica- consolidated into a uniform, professional policy and plan for blended learning; enhancing information tion between students, lecturers and program process which will bring us into compliance with laws security; improving our Wi-Fi; and implementing management, and also supports blended learning. and regulations and enable us to avoid risks. important changes to our existing IT processes.

42 43 TANJA VISSER DIRECTOR NYENRODE FUND GIVING BACK FUNDRAISER

NYENRODE FUND IMPACT The mission of Nyenrode Fund (in Dutch: In recent years, the amount that Nyenrode Fund Stichting Nyenrode Fonds, or SNF) is to invest in has generated in donations and subsidies has the past, present and future of the university. increased considerably. The total amount secu- The fund makes money available for main- red in 2018 was almost € 500,000. taining Nyenrode’s past, such as its monuments, heritage and traditions. To support the educa- Thanks to the donations we received tion of the present, Nyenrode Fund invests in 2018, we were able to: in the quality of the university’s educational • give out 23 scholarships: one for a Full-time facilities. Nyenrode Fund also contributes to MBA student, four for Master of Science in the future by providing scholarships for Management students, two for Bachelor of students who otherwise would not have the Science in Business Administration students, financial resources to study at Nyenrode. one for a refugee in a transition year and 15 for participants in the Social Entrepreneurship NYENRODE.NL/SNF Course; and • finish the restoration of the Oranjerie, make a replica of the rooster in the castle courtyard AMERICAN FRIENDS and start the restoration of the Menagerie. OF NYENRODE UNIVERSITY In addition to the above, we completed some smaller projects as well. American Friends of Nyenrode University (AFNU) is a North American organization of PUBLIC BENEFIT ORGANIZATION alumni and friends of the university whose In 2008, Nyenrode Fund was awarded Public main goal is to support the university’s Benefit Organization status (in Dutch: ANBI educational purposes and raise funds status). This status means that at least 90% of for revolving scholarships for current and Nyenrode Fund’s efforts must be focused on the future Nyenrode students. There are about common good. It also means that donations to 700 Nyenrode alumni in North America. Nyenrode Fund are generally tax-deductible. AFNU tries to reach out to as many as it can. AFNU holds 501(c)(3) status, which Even after their death, alumni can make an makes donations to AFNU deductible important contribution to Nyenrode by including for US taxpayers. Nyenrode supporters Nyenrode as a beneficiary to their estate. Thanks outside of North America can also donate. to its ANBI status, Nyenrode Fund does not have to pay inheritance tax on estates, which [email protected] means that 100% of donations benefit the goals of the fund.

45 DECEMBER 31, 2018 NYENRODE ORGANIZATIONAL CHART

UNIVERSITY BOARD OF NYENRODE

MIŠA DŽOLJIĆ REMMELT VETKAMP RECTOR MAGNIFICUS CFO NYENRODE GOVERNANCE FACULTY SUPPORT NYENRODE EEOD DEGREE STRUCTURE & RESEARCH DEPARTMENTS AMSTERDAM STICHTING JONGEREN- HUISVESTING ASSOCIATE ASSOCIATE HEAD OF NYENRODE FOUNDATION DEAN EEOD DEAN DEGREE FACULTY STICHTING NYENRODE FOR OUR DETAILED ORGANIZATIONAL CHART, SEE: EEOD CENTERS PROGRAMS NYENRODE.NL/ORGANIZATIONALCHART

NYENRODE UNIVERSITY NYENRODE UNIVERSITEIT NYENRODE B.V. SERVICES B.V. CAMPUS DEAN DEGREE PROGRAMS CAREER & PERSONAL DEVELOPMENT

SUPPORT DEPARTMENTS NYENRODE BBA B.V. • GENERAL SECRETARY & LEGAL COUNSELOR • ACADEMIC SERVICES CENTER • SECRETARIAL STAFF UNIVERSITY BOARD • ALUMNI & EXTERNAL RELATIONS • HUMAN RESOURCES • ICT SERVICES • FINANCE • HOSPITALITY & SERVICES NYENRODE • FINANCIAL CONTROLLING • REAL ESTATE & LANDSCAPING • MARKETING, CORPORATE COMMUNICATIONS & RECRUITMENT NEW BUSINESS SCHOOL B.V.

46 47 ORGANIZATION CONSOLIDATED INCOME GENERAL DATA PROTECTION REGULATION In May 2018, the General Data Protection Regulation STATEMENT (GDPR) took effect, along with rules for the (automated) NYENRODE processing of personal data. Under the GDPR, personal data must be protected against loss and unlawful ROB BLOMME APPOINTED FOUNDATION processing. In addition, businesses and organizations ASSOCIATE DEAN DEGREE PROGRAMS by Remmelt Vetkamp, CFO REVENUE (IN MILLION EUROS) may only keep personal data for a legitimate purpose, On January 1, 2019, Prof Dr Rob Blomme 60 cannot retain it for longer than needed, and may not store succeeded Prof Dr Jan Bots as Associate 55 more data than is strictly necessary. Another important Dean of Degree Programs. Jan Bots will “In the academic year 2017-2018 our total 55,3 57,7 57,6 change is that a person must actively consent to continue to serve as Program Director of revenue reached € 57.6 million (2016-2017: 50 the processing of his or her personal data in advance. Controlling. Rob Blomme will maintain his € 57.7 million). The consolidated result 45

For an educational institution like Nyenrode, where role as Head of Faculty, and has stepped before tax in 2017-2018 amounted to 40 large amount of privacy-sensitive data of (prospective) down as Head of the PhD Program. € 3.3 million (2016-2017: € 2.2 million). The 2015-2016 2016-2017 2017-2018 students and alumni is processed, the new European positive financial result further reinforces regulations had significant implications. the strong financial position of Nyenrode Foundation (Stichting Nyenrode). The sol- NET RESULT (IN MILLION EUROS) Nyenrode has been working hard within the organization vency of the Nyenrode organization rose to structure our processes and systems in such a way from 33% last year to 41% now. 3,6 that they comply with the GDPR. To ensure that these 3,0 3,3 efforts are successful, an Information Security & Privacy Despite the repayment of a loan of € 4.5 2,4 control group has been set up. A Data Protection Officer million in May 2018, Nyenrode retains a 2,2 1,8 1,9 has additionally been appointed to oversee and coordinate solid cash position. The consolidated 1,2 the work in this area. In taking the above measures, cash and cash equivalents amounted to 0,6 Nyenrode is thus compliant with the new rules. € 14.3 million (on August 31, 2018). We RUUD KOK APPOINTED expect positive operational cash flows in 0,0 2015-2016 2016-2017 2017-2018 NEW ASSOCIATE DEAN EEOD the foreseeable future. REORGANIZATION OF FACULTY CENTERS Ruud Kok RA has been appointed as the new Associate Dean Executive Education & Nyenrode strives to maximize its value for In 2018, we reorganized the faculty centers at Organizational Development (EEOD). Since all stakeholders, and on the long-term Nyenrode. The number of centers has been reduced SOLVENCY (IN %), AUGUST 31, 2018 July 2017, Ruud Kok has served as Program all positive cash flows are reinvested in to five: Director Board & Governance at Nyenrode. the university’s high-quality education 40% • Center for Accounting, Auditing & Control In full consultation with the Foundation and well-maintained estate with all its 41% 30% 33% • Center for Corporate Reporting, Finance & Tax Board, Nyenrode's University Board has listed monuments. 29% • Center for Entrepreneurship, Governance & decided not to appoint a new Dean in 20% Stewardship the near future. Instead, Ruud Kok has 10% • Center for Marketing & Supply Chain Management been appointed as a second Associate 0% • Center for Strategy, Organization & Leadership Dean alongside Rob Blomme, Associate 2015-2016 2016-2017 2017-2018 Dean Degree Programs.

48 49 CLOSING REMARKS BY JAN NOOITGEDAGT, CHAIR OF NYENRODE FOUNDATION

“In 2018, we saw our Amsterdam location evolve member, Hugo van der Goes announced his into a fully-fledged Nyenrode branch where - departure as well. He also served as chairman of alongside those enrolled in the Full-time MBA – the Real Estate Committee. I would like to extend some of the MSc in Management students are now my sincere thanks to both gentlemen for their completing their studies as well. At the same time, many years of dedicated service to the organiza- this site in the center of the city of Amsterdam tion. Two new members joined the Foundation is host to countless inspirational events held by Board in 2018. Professor Paul van der Heijden, an and for students, alumni, staff and represen- expert in the field of education, was appointed tatives from the business community. Starting in with special attention for education. Jeroen van the summer of 2020, the BSc in Business Admini- den Biggelaar succeeded Hugo van der Goes as stration will be offered in Amsterdam, too. chairman of the Real Estate Committee and mem- ber of the Executive Committee. But we aren’t just investing in Amsterdam: our facilities in Breukelen will also be upgraded in the Last but not least, I would like to thank each and coming years with a view to further growth. That every member of Nyenrode’s faculty and staff for is one of the reasons why I am pleased to report their efforts in 2018.” that the Nyenrode group has achieved positive financial results, once again posting an increase in profit. In addition, Stichting Jongerenhuisvesting Nyenrode was able to fully repay a € 4.5 million mortgage loan without any external financing. Despite this repayment, the Nyenrode group’s cash position still remains strong. Our favorable financial position will enable us to continue investing in the size and quality of our educational facilities in the period ahead.

To its regrets, Stichting Nyenrode saw two JAN NOOITGEDAGT members of the Foundation Board leave in 2018. CHAIRMAN Peter van Breda stepped down as a member of the NYENRODE FOUNDATION Foundation Board and member of the Audit Committee. After ten years as a Foundation Board

50 51 MAY 20, 2019 MAY

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