Preparing for Emergency
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LOUGHBOROUGH UNIVERSITY SCHOOL OF BUSINESS AND ECONOMICS BI-ANNUAL MAGAZINE // ISSUE 2 // SUMMER 2011 Bespoke Programmes for the Health Protection Agency PREPARING FOR EMERGENCY BANKING ON REFORM P8 INTERNATIONAL LEARNING PARTNERSHIPS P10 THE UK INFLATION DILEMA P16 www.lboro.ac.uk/sbe Editor: Ondine Barry Assistant Editor: Karen Roxborough Designer: Ian Jepson Photographer: Phil Wilson 41782 D&P Nov 10 LOUGHBOROUGH UNIVERSITY SCHOOL OF BUSINESS AND ECONOMICS BI-ANNUAL MAGAZINE 03 Welcome I’m delighted to welcome you to the We can be in no doubt that we will have to work hard in second edition of Inspire, the magazine of communicating the value of our programmes to potential the School of Business and Economics students and employers as well as in continually updating not only the content of our programmes but at Loughborough. also the way we deliver them. There is little doubt that as a School we, to borrow In handling these challenges the School is fortunate the old Chinese saying, “live in interesting times”. in having a world-class staff. Staff who are at the The reverberations of the global financial crisis are cutting edge of many of the major research questions Angus Laing challenging many of the assumptions that have we confront. Staff who are at the cutting edge of underpinned our established business models and pedagogical thinking and with vision to transform public policy. management education from undergraduate to As an educational institution we are inextricably caught executive levels. up in these shifting sands. They raise challenging yet It is not only our staff who are going to be critical fascinating new research questions, ranging from the in successfully responding to these challenges, our regulation of complex international financial systems, network of alumni across the world are equally going through the changing nature of professional work in to be critical. Through promoting the School, though contemporary society, to the changing relationship supporting placement and mentoring opportunities, between the old developed economies and the emergent through providing financial support to students, and economic powers of China and India. through engaging with our research agenda our alumni These shifting sands also raise challenges in terms of community will be increasingly important to the future how to ensure that the education we deliver is relevant success of the School. to this unfolding environment, of providing students with I trust this edition of Inspire will give you a stimulating the knowledge and skills that will serve them throughout insight into a range of the School’s activities, from their career. research and teaching to the experiences of our alumni. Such challenges, however, offer us the opportunity I hope, too – as the title suggests – that it inspires you to to build on the core strengths of the School and of get involved in our work. Loughborough: relevance and engagement with the world of practice. Sincerely Yours, Institutionally, we are not immune from the fall-out of the global financial crisis. The pace of the UK government’s commitment to addressing the budget deficit has placed university funding at the forefront of the political agenda. The introduction of student fees of up to £9000 per year and the removal of all public funding for programmes in Angus Laing business and economics is transforming the environment Dean, School of Business and Economics within which universities in this country operate. Loughborough University Student expectations are going to change dramatically. Competition is going to widen and intensify. The pressure to manage costs is going to be intense. Interesting times indeed. However, for the School of Business and Economics this environment also offers potential opportunities. The nature of our programmes, in particular their outstanding levels of graduate employment, provides the School with an excellent base for competing in this new world. 04 News School launches new Research Centre and new Joint Venture at 2011 Corporate Games Loughborough University is hosting the UK Corporate Games this Daniels and Dr Samir Dani will run a workshop outlining their holistic year. The multi-sport festival, starting 14 July 2011, will bring approach to organisational resilience, demonstrating how companies together up to 4,000 competitors, representing 200 companies. can get involved to address “the grand challenge of sustainability in The 22 events range from football and cricket to dragon boat racing business – practice, process and people”. They will be promoting the and ten pin bowling. new Centre’s mission to research sustainable systems that will help organisations innovate and adapt to complex new challenges. Not all the focus is on sport, however. Running in parallel with the Games, the University will host the “Profit From Sustainability” Also launching at the event is the new joint business venture between conference on Friday 15 July. This programme of workshops looks the School of Business and Economics and imago. The partnership at the ways organisations such as Coca Cola and Santander have offers short tailored courses delivered at the Burleigh Court attempted to balance economic success with an ethical approach. conference and training centre. It aims to appeal to organisations seeking training solutions that offer quality and maximum return of It will also highlight the leading research coming out of Loughborough investment for minimum disruption. University into areas like workplace health, renewable energy, sustainable transport, and the reduction of environmental and social Delegates are encouraged to visit the School of Business and impact through innovation. Economics stand for more information during the conference. The conference will see the launch of the University’s new Centre for Organisational Resilience (COR). Centre leader Professor Kevin 2011 a very good year! 40 years management education and 20 years retail education at Loughborough. 1991 1971 Watch this space for 2011 upcoming celebrations. LOUGHBOROUGH UNIVERSITY SCHOOL OF BUSINESS AND ECONOMICS BI-ANNUAL MAGAZINE 05 News School of Business and Economics launches new Research Centres Further cementing Loughborough University’s reputation for internationally recognised research, the coming months see the official launch of two new research centres within the School of Business and Economics. Continuing the tradition of producing “research that matters”, it is hoped the new centres will be instrumental in shaping policy and practice across both the public and private sector. The Centre for Professional Work and Careers, led by Professor Laurie Cohen, will lead research into the impact on people’s careers of LOUGHBOROUGH globalisation-led transformations in the workplace. The Centre will look to develop projects and engage with key partners TOPS STUDENT POLL FOR in areas ranging from the offshore outsourcing of professional work to health and social care. A launch seminar is being planned for 28 FIFTH YEAR RUNNING September, so be sure to bookmark www.lboro.ac.uk/cpwc for the latest details. Loughborough University has once again been voted the UK’s Best Student Experience in the annual survey conducted by Times Higher Education. 13,000 undergraduates were asked to rate their place of education on the 21 different attributes that matter to them most, from the quality of teaching and facilities to the non-academic aspects of student life that make up the overall experience. For the fifth year in succession, Loughborough achieved first place, ahead of prestigious universities like Oxford and Cambridge. The poll shows that Loughborough excelled for its sports facilities and social life on campus, as well as its teaching quality and connections to industry. The Centre for Organisational Resilience will research ways in which organisations can protect themselves against adverse and Commenting on the results, Professor Shirley Pearce, the University’s challenging conditions through innovation. Specific areas of Vice Chancellor, said: “This is an absolutely fantastic achievement. interest for the researchers relate to systems engineering, supply We work closely with our Students’ Union to ensure we provide an chain management, operations management, small businesses all-round experience that equips our students for every aspect of their and entrepreneurship. life and career.” Professor Kevin Daniels and Dr Samir Dani will be promoting Observers believe the poll will become increasingly important as the Centre’s mission at the upcoming Profit From Sustainability student funding issues force prospective students to think more conference on 15 July. Please visit www.lboro.ac.uk/cor for more carefully about where to study. detail about the centre, or www.lboro.ac.uk/enterprise/sustainability to register for the event. Lucy Hopkins, President of Loughborough Students’ Union explained: “Increasingly, as well as academic excellence, universities must offer extra-curricular and volunteering opportunities that enable students to develop as people. I am proud that Loughborough has such a recognised track-record of producing well-rounded students who have the skills and experience to set them up for life.” The league table was published in Times Higher Education on 17 February 2011 06 by Charles Hancock PREPARING FOR EMERGENCY: BESPOKE PROGRAMMES FOR THE HEALTH PROTECTION AGENCY Emergencies, whether man-made (such as road or rail disasters), natural (such as flooding or other extreme weather