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Annual-Report-2017.Pdf INSEAD Europe Campus Boulevard de Constance 77305 Fontainebleau Cedex, France T +33 1 6072 4000 Annual INSEAD Asia Campus 1 Ayer Rajah Avenue Report Singapore 138676 T +65 6799 5388 INSEAD Middle East Campus Al Khatem Tower ADGM Square Al Maryah Island P.O.Box 4 8049 Abu Dhabi, UAE T +971 2 651 5200 ANNUAL REPORT 2017 2017 www.insead.edu Executive Degrees wrapped up a record recruiting year, resulting in: 20 Largest ever 2017 Centres of €245m amount Excellence: Highest distributed in For the 422 our highest new INSEAD participants: revenues overall scholarships Record... number ever 10 8 EMCCCs €33.6m 10,000+ Highest amount €10m Highest % of 709 participants for Largest single 900 Highest 37 ever raised in Highest female MBA TIEMBAs Open executive (alumni) average MBA philanthropic attendance at entrants ever programmes gift (Rudolf & GMAT score funding in a summer ball Valeria Maag) 86 single year GEMBA-Asia Highest Largest ever Largest ever ranked MBA 13.9% MBA 53 Crossed the €212.5m irrevocable Highest ever programme in GEMBA Middle East, and graduation 200 threshold Highest ever legacy gift annual growth in the world ceremony for PhD alumni value of INSEAD (Lionel rate of Executive – according to the FT – for the Education second year in a row… but plenty in Asia 96 endowment Sauvage) of records of our own too: GEMBA Europe revenues Highest iW50: Record traffic 28% number 347 Celebrating on INSEAD 3,578 Largest ever Largest ever of online 50 years of Knowledge individual proportion of number of school participants women at donors students with students at INSEAD scholarships Summer@INSEAD Contents From the Chairman Class Statistics 02 26 From the Dean Career Development Centre 04 28 Faculty and Research World of Talent 08 30 Centres of Excellence Executive Education 10 32 Faculty Recognition Advancement 12 and Awards 36 The Infrastructure Celebrating INSEAD 40 of Excellence 14 Case Studies Finances New Faculty 42 16 Endowment Doctoral Programme 44 20 Our Constituencies INSEAD Knowledge 46 in 2016/2017 22 Master Degree Graduating Classes 24 Programmes 53 02 03 B oard of D irectors ANNUAL REPORT 2016/2017 From the Chairman Board of Directors Honorary Chairman Emma Goltz Mika Salmi Chair, INSEAD Alumni Fund Chair, Remuneration Committee, Claude Janssen INSEAD; Board Director, André Hoffmann CreativeLIVE, Inc Non-Executive Vice-President, Chairman Roche Holdings Ltd; Non-Executive Mirjam Staub-Bisang Andreas Jacobs Vice-President, Givaudan SA Chair, Endowment Management Member of the Board, Committee, INSEAD; President, Philippe Houzé Jacobs Holding AG INSEAD Switzerland Council; President, INSEAD France Council; CEO and Co- Founder, Independent Executive Chairman, Galeries Capital Group AG Vice-Chairman Lafayette Group Gary Wang Claude Rameau Sadia Khan Founder, Light Chaser Animation Professor Emeritus, INSEAD; President, INSEAD Alumni Studio Former Dean, INSEAD Association; CEO, Selar Enterprises Daniel Labrecque Permanent Invitees Members Chairman, International Council, INSEAD; Founder and CEO, Ilian Mihov Jolyon Barker DNA Capital Dean, INSEAD; Professor of Global Leader, Clients & Industries, Economics, INSEAD; The Rausing Deloitte MCS Limited Daniel Lalonde Chaired Professor of Economic and President and CEO, SMCP As I look back over INSEAD’s achievements in faces. We greatly appreciate the fresh perspectives Rémy Best Business Transformation, INSEAD 2016/2017, there is much for us all to be proud of. and added diversity, in terms of both gender and origin, President, Fondation Mondiale Christina Law Laurence Capron, that they bring to our work. INSEAD; Chairman, INSEAD Group President, Asia and Latin In fact we have broken so many of our own records, Professor of Strategy, INSEAD; Campaign Board; Managing Partner, America, General Mills that it would be wrong for me to single any of them out Last but not least, it has given me great pleasure to The Paul Desmarais Chaired Pictet & Cie for celebration. Instead I would like to highlight the real see Ilian re-elected as Dean for another five-year Frédéric Lemoine Professor of Partnership and momentum we have built in engaging our entire term beginning in September 2018. So many of the Karen Fawcett Former Chairman of the Executive Active Ownership, INSEAD community – not just every department in the school successes in this report have been driven by his CEO, Retail Banking for Standard Board, Wendel Group Charles Galunic but also our alumni and supporters throughout the leadership – and his distinctive ability to enthuse and Chartered Bank Professor of Organisational world – to join forces and take INSEAD to new heights. mobilise our community through his vision for the role Leonidas Los Deepak Gupta Behaviour, INSEAD; The Aviva of business in society. This vision, his new term and Shipbroker, Trimarine Shipping Chairman, Nominations Committee, Chaired Professor of Leadership At a strategic level too, there have been some the new academic year are already heralding even Company fundamental advances. The signing of a new INSEAD; Founder and Chairman, and Responsibility, INSEAD greater achievements for INSEAD in the years to come. Michael Pragnell agreement and the opening of a new campus in Abu Denita Group of Companies Founder, CEO Syngenta AG Brigit Soccard Dhabi is a historic step. And our second consecutive François Hériard Dubreuil Executive Assistant to the Chief year at #1 in the Financial Times MBA rankings was President, Fondation INSEAD; R. Todd Ruppert Communications Officer and another important milestone. Chairman, Orpar; Chairman, Founder and CEO, Communications Department, Ruppert International Inc As far as governance is concerned, both the Board and Rémy Cointreau INSEAD the INSEAD Alumni Association have welcomed new Andreas Jacobs Chairman 04 05 F rom T H E D ean ANNUAL REPORT 2016/2017 From the Dean Reflecting on a momentous year for the school: record engagement in all areas, historic donor generosity, changes in leadership and curriculum, high-flying faculty and a renewed focus on gender equality. Dear INSEAD community, Record engagement and giving What a tremendous honour and privilege it is to be reappointed as Dean of INSEAD for a second term. Across the board, engagement with alumni, donors I am humbled by the opportunity to continue to lead and supporters has skyrocketed. We’re seeing record- INSEAD, and immensely grateful for the support shown breaking participation rates in our Executive Education by the INSEAD community. This is an important programmes, a dramatic increase in enrolment in our moment in our school’s history: We are exceeding Online Programmes and exceptionally high completion expectations in almost every measurable way, and I rates in online education – nearly the highest in the am committed to keeping us on that trajectory as we world. Similarly, our Executive Degree programmes begin this next chapter together. are performing incredibly well, as we recruited 419 new participants in 2017. Traffic on INSEAD Knowledge, our thought leadership portal, was also the highest we Leadership changes have ever seen. Taken together, this is bolstering the financial One of the ways we are positioning INSEAD for success position of the school. In 2016/17, we broke another is by restructuring parts of our leadership team. This record by exceeding €100M in revenues in both our was spurred, in part, by significant increases in alumni Master Degree Programmes and Executive and donor engagement, along with greater activity on Education programmes. Alumni giving also grew our website, social media channels and publications. 41% and philanthropic contributions reached all-time To better leverage these opportunities, Peter Zemsky highs. Today, the INSEAD endowment is at its as Deputy Dean of INSEAD, will oversee the leadership highest level ever. teams for Advancement and Communications, while also continuing to lead our school’s digital transformation as Dean of Innovation. 06 07 F rom T H E D ean PETER ZEMSKY AT THE ALUMNI FORUM IN PARIS, 2017 ANNUAL REPORT 2016/2017 Curricular innovations other prestigious recognitions. For example, Professor engaging female talent leads to better business highest-ever percentage of female students (36%) in of Marketing Pierre Chandon received the ‘Outstanding performance, and increasing the number of women in our MBA Programme this year, and that gender and academic excellence Contribution to the Case Method’ which is the highest the workplace drives economic development. diversity on our leadership team has also increased. accolade offered by the Case Centre. Professors Renée But there is still much work we must do. We recognise that, in a rapidly transforming global Mauborgne and W. Chan Kim published their highly In the past year, INSEAD has renewed its focus on marketplace, INSEAD must continually iterate and anticipated Blue Ocean Shift: Beyond Competing, while gender balance. Our long-term initiative, the Gender innovate its educational offerings. Our goal is to also appearing on Forbes’ list of the World’s Most Initiative, is dedicated to integrating research, My thanks to you harness new technologies and new learning Influential Thinkers 2017. business and pedagogy to engage the full potential of techniques to provide a superior educational men and women. And our year-long celebration, iW50, At the end of the day, these achievements belong to experience. To that end, in September 2017, we In the past year, we’ve recruited 11 outstanding faculty is marking the 50th anniversary of women at INSEAD you – our faculty, students, alumni, donors, supporters unveiled a new curriculum for the MBA Programme. from six countries and now have six new postdoctoral with a series of events that take a hard look at gender and staff. They are the result of your hard work, Students now have access to a personalised researchers. These accomplished scholars represent issues and recognise the past, present and future of incredible talent, deep collaboration and commitment leadership development course; a range of topical an extraordinary range of disciplines, backgrounds and women at our school. to our mission. Thank you for all that you do.
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