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Annual Report 2019-2020 IESE ANNUAL REPORT 2019-2020 01. Reflect From the Dean Highlights Alumni Stories Meet IESE Global Reach Governance Engagement Advancement 02. Learn & Innovate MBA Programs MiM PhD & MRM Career Development Center Executive Education Faculty Research 03. Social Impact Leadership for Everyone IESE People Environment FROM THE DEAN This year, the world has faced an unprecedented crisis. Although the COVID-19 pandemic has now eased in many places, it has not yet ended. While we come to terms with the health-related consequences of the virus for individuals, the broader economic and social consequences are just beginning to be felt. Against this backdrop, IESE's mission of working for the common good and striving to help others make a positive impact on society has never been more relevant. As companies and organizations act to re-energize the economy, adapting to new ways of working, they can rely on IESE to lead the way. We have invested heavily in our digital capacity in recent years, which left us ready to move quickly. One of the first actions we took was to open up access to sessions of the Alumni Learning Program, so that anyone, anywhere in the world, could benefit from the expertise of IESE faculty members on the issues affecting them. To support our MBA and Executive Education students, we optimized our programs for delivery in live online and hybrid formats. Meanwhile, we instituted strict health and safety protocols on campus, in collaboration with Barcelona's Hospital Clínic and the Clínica of the University of Navarra. And we looked, as always, to the future. Our new Master in Management program allows us to serve the needs of the next generation of business leaders, while the new Executive MBA Munich is accelerating the career development of working managers in Germany. With the valued support of the partner companies who make our work possible, we will continue to do the same. Together, we can help businesses to emerge from the crisis wiser, stronger and ready for whatever comes next. Franz Heukamp IESE Dean ANNUAL REPORT 2019/2020 IESE BUSINESS SCHOOL 3 01. REFLECT HIGHLIGHTS NEW IESE MASTER IN NEW EXECUTIVE 50 YEARS MANAGEMENT MBA MUNICH OF THE IESE PHD In 2019-2020, IESE launched a new The first-ever IESE Executive MBA to This year, the school's PhD program program aimed at recent university be delivered in Munich saw 60 high- celebrated five decades of rigorous graduates. The 11-month Master in potential managers and entrepreneurs training in research. In this time, 176 Management develops the general expand and transform their abilities. students of more than 30 nationalities management skills of future leaders The 18-month Munich EMBA shares have completed the program on their in the early stages of their career the same program content as IESE's way to developing careers at the top journey. In the first edition, students other Executive MBAs in Barcelona, levels of academia. The IESE PhD from 15 countries participated. Madrid and São Paulo. program is 100% funded, with every student receiving a full scholarship. FT RANKINGS: SIX YEARS AS WORLD #1 IN EXECUTIVE EDUCATION For an unprecedented sixth consecutive year, the Financial Times again ranked IESE Executive Programs as the best in the world. The FT highlighted the school’s performance in categories including program innovation, faculty, the ability to provide new skills to executives, follow-up given to participants, and internationality. 4 IESE BUSINESS SCHOOL ANNUAL REPORT 2019/2020 01. REFLECT COVID-19: ADAPTING TO CHANGE The 2019-2020 academic year was defined by the impact of the global COVID-19 pandemic. To support our students, alumni, corporate partners and the wider business world as they faced challenges and difficult circumstances, we shared knowledge, research and resources as well as we transform the way we were delivering our programs. FROM FACE-TO-FACE TO LIVE ONLINE TO HYBRID MOVING ONLINE measures to ensure the safety of The school reacted quickly to the students returning to campus. compulsory closure of campuses introduced in many of the countries The Ready-Safe-Go webpage where it operates by moving reflected the changes made, programs to a live online format. highlighting the comprehensive Recent investment in technology new health and hygiene meant that the IESE was prepared protocols, with particular in terms of infrastructure for emphasis on controlled campus such a move. Nevertheless, its access and widespread testing, implementation required a great deal to minimize any risk of infection. of effort, flexibility and teamwork from the IT and teaching staff, who NEW HYBRID were themselves working from home. FORMATS There is still uncertainty about CARING how COVID-19 will affect FOR STUDENTS classroom activities, travel and As well as delivering program other aspects of education. content, it was essential to care To ensure that we can meet for students by helping them cope students' needs, from recent with the changes and create an university graduates in the new educational environment where they Master in Management program were living. For many students away to senior executives in our Custom from their homes and families, IESE Programs, we have optimized became their main source of support. much of our program portfolio for delivery in online or hybrid ENSURING SAFETY formats. These combine online During the de-escalation stage, study with face-to-face learning the school implemented stringent where possible. ANNUAL REPORT 2019/2020 IESE BUSINESS SCHOOL 5 01. REFLECT SUPPORTING THE FUTURE COVID-19 recovery in the coming years are able to and Telefonica to launch Restarting SCHOLARSHIPS receive the education and professional Together. This global challenge aims In response to the pandemic, IESE development they need. to promote innovative projects that dedicated €5.5 million for talented can both contribute to speeding up students who are unable to finance their RESTARTING economic recovery after the pandemic studies because of the impact of the TOGETHER and increase resilience against future COVID-19 pandemic. IESE collaborated with leading crises. Three winners will have the companies including Airbus, BASF, possibility of receiving access to With this aid, the school seeks to BizLab, Boston Consulting Group, corporate resources from the organizing ensure that potential future leaders CEMEX, Citi, Endeavor, IDB Lab, IE, companies, including potential who could contribute to the economic Microsoft for Startups, South Summit acceleration or investment. 6 IESE BUSINESS SCHOOL ANNUAL REPORT 2019/2020 01. REFLECT SHARING KNOWLEDGE OPEN ACCESS to help executives manage the crisis Highlights included: TO EXPERTISE and prepare for the 'new normal.' Between March and June 2020, the • Future of Banking: The second school shared knowledge with the INSIGHTS FROM report in this series by IESE and CEPR wider business community via 43 TOP LEADERS examined the mounting challenges open-access LinkedIn live sessions, In May 2020, the VIII Annual facing the sector and the competitive reaching an audience of over 520,000 Director's Forum was held online responses of both veteran and new people. The series explored leading for the first time. Organized by IESE players to the COVID-19 crisis. and working during difficult times, together with KPMG and Spanish and understanding what may come newspaper El País, it discussed the • Vaccines and Risk Compensation: after the health crisis has subsided. role of boards in the crisis and the Eduard Talamàs (IESE) published a IESE professors provided insights ways in which the pandemic was study of how free, perfectly safe but into practical aspects of the crisis, affecting large Spanish companies. A only partially effective vaccines can its financial impact, its economic session dedicated to the perspective harm everyone. consequences and its geopolitical of CEOs featured leaders including fallout, as well as human resource and the president of the CNMV (Spain's • The Evolution of Epidemics: Prof. operations management. financial market regulatory Miguel Ángel Ariño published a authority), Sebastián Albella; Cellnex review on multi-region epidemic PRACTICAL ADVICE CEO Tobías Martínez Gimeno; and evolution and optimal control IESE faculty shared their experience the CEO of Banco Santander, José approach. and knowledge to help students and Antonio Álvarez. executives make the most of the • Toward Better Coronavirus changed circumstances. A popular RESEARCH Modeling: Professors Jeroen highlight was a video series from Prof. AND REPORTS Neckebrouck and José Azar looked at Mireia Las Heras, Research Director of IESE faculty continued to create forecasting the spread of COVID-19 IESE's International Center for Work research and reports to help based on insights from logistic and Family, sharing advice on working companies and leaders understand growth models. remotely during the COVID-19 crisis. and respond to the crisis. These were disseminated in different ways • The Global Economic Impact of PROJECT SAFEGUARD for maximum impact, including COVID-19: A report by Prof. Nuno This three-week online program, free online publication, academic Fernandes investigated the potential focused on delivering practical tools, journals and the school's own future economic damage resulting was created and delivered specifically knowledge portal, IESE Insight. from the crisis. ANNUAL REPORT 2019/2020 IESE BUSINESS SCHOOL 7 01. REFLECT ALUMNI STORIES UNITED IN ACTION IESE's mission statement declares, “We want to educate leaders
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