INCAE Identity

04 INCAE Identity 06 Message from the President 08 Change Agents INDEX 20 Our Faculty 24 Academic Alliances 28 Corporate Partners 38 INCAE’s Global Reach 42 50th Anniversary 52 Our Impact 56 Far-Reaching Initiatives Accounts 70 Governance Structure INCAE IDENTITY INCAE INCAE IDENTITY IDENTITY 4 5 50 years making history INCAE Business School, Today, INCAE focuses on three key ac- • Research, teaching, and the use of founded in 1964, was an tivities modern management concepts and te- chniques. initiative launched by the • Masters programs in areas key to La- • Strengthening analytical skills, and governments and business tin American development. mastery of complex economic, political community of Central America. • Executive Education programs and and social phenomena. seminars. The initiative received support • Facilitating dialogue, understanding, from the President of the • Research projects that foster compe- and collaboration between individuals, titiveness in the region, whose applied United States, John F. Kennedy, different sectors and nations. focus combines best practices and and advisors from the Harvard global knowledge with the reality of the Business School, in a process Latin American context. led by Harvard Business School VISION professor George Cabot Lodge Our goal for the next 50 years is to con- and Central American MISSION tinue to be recognised as a world-class businessman Francisco de Sola. business school, and the best in Latin For 50 years, INCAE Business School America: a leader in business adminis- has actively promoted the comprehen- tration, applied economics, and sustai- sive development of the countries it ser- nable development processes. ves, educating leaders from key sectors and expanding their skill base, attitudes and values through: MESSAGE FROM MESSAGE FROM THE PRESIDENT MESSAGE FROM THE PRESIDENT THE PRESIDENT This year’s Annual Report is presented in the context of INCAE’s fi ftieth anniversary, during which 6 7 Arturo Condo we have celebrated this institution’s great sense of belonging, and a role that goes well beyond education. INCAE transforms professionals and leaders, so that they can transform Latin America. Dozens of our regions’ leaders have dedicated an important part of their lives to creating this institution and helping it grow, and each day continue to contribute to its development. Through a series of events organized in seven countries during this year, we have been able to pu- blicly recognize many of these leaders, who believed in an idea, took part in creating this project, and have helped make it grow into the magnifi cent institution right in the heart of Central America, that it is today. INCAE’s impact extends throughout Latin America, and it has achieved recognition around the globe. Many of our programs made important progress this year. A new 14-month MBA was launched in Nicaragua, which utilizes an innovative study plan. In addition, new alliances have been developed in the area of Executive Education, drawing in increased corporate collaboration, and partner- ships with important institutions and schools such as Georgetown University. The fi rst Online Exe- cutive Education program in Latin America was created, demonstrating this institution’s ongoing effort to innovate and provide regional leaders with modern tools that enable them to improve their decision-making processes. After fi fty years, INCAE’s mission remains well-founded and formidable, and I am certain that it will continue providing the foundation for our future. Together, we must continue creating a history that will serve as an inspiration for future generations of Incaistas. I invite you all to be part of this mission, and this future Arturo Condo President INTERNATIONAL RANKING INCAE heads the rankings CHANGE AGENTS for Best Business Schools CHANGE AGENTS CHANGE in Latin America created by the respected publication, AmericaEconomia. Unlike any other school, INCAE has AGENTS maintained this leadership 8 OUR STUDENTS position for more than a 9 Educating leaders for the decade. As INCAE grows, we remain faithful to our mission: developing leaders who transform Latin development of Latin America America. The experience of obtaining a masters degree from INCAE provides our students with the managerial tools they need to successfully lead businesses in a range of industries. Moreover, the academic rigor of our programs and continuous interaction with our world-class faculty # 4 allows our students to develop their talents and skills as much as possible. for International Location Today, INCAE’s MBA is recognized around the world as the best in Latin America, and this is why more and more young people apply for our different Master’s programs, seeking not only academic excellence but also the practical skills required for leadership positions in any sec- tor of the economy, and allowing them to have a positive impact in their societies. # 7 for International Clients PROGRAMS INTAKES 2014 # 10 Program Location # of students for Growth 2015 MBA Nicaragua 88 2016 MBA Costa Rica 136 2015 Global EMBA Nicaragua 83 Photos MBA Oath Club Management Consulting Practice (MCP) MBA OATH CLUB CHANGE AGENTS 400 CHANGE AGENTS members as of 2014 10 MBA STARTING IN 2014 11 295 NEW 14-MONTH MBA PROGRAM IN NICARAGUA students On March 12th, 2014 a new MBA 14-month program began at the Francisco de Sola Campus in Managua, Nicaragua. A revised version of the MBA, its goal is to train INCAE BUSINESS ETHICS CLUB government projects through awarding MANAGEMENT CONSULTING PRACTICE people who are capable of creating communities, learning through experience, maxi- CONTINUES ITS WORK student internships. 16 mizing impact, and getting results. As in previous years, INCAE’s second Students coordinated many initiatives to year MBA students took part in their Ma- nacionalities The INCAE MBA Oath Club, founded in This is the fi rst year this program is being offered. It is a 12-month program, plus 2011, is a student organization that pro- achieve the Oath Club’s goals: the inau- nagement Consulting Practice (MCP) two months of Management Consulting Practice (MCP). Some ninety students are motes the MBA Oath and raises aware- guration of a campaign called “Ethics prior to graduation. 38% enroled from 12 different countries (Guatemala, Nicaragua, Costa Rica, Ecuador, ness about business ethics. This is still is Awareness”; the organization of fi lm- Honduras, Peru, Panama, El Salvador, Venezuela, Cuba, Colombia and Paraguay). the only club of its type in Latin America, forums to discuss ethical dilemmas, and The MCP is a core requirement for the are women and one of the fi rst in the world. It cu- converse with special guests like Arturo MBA. Its purpose is to enabling students This program has been developed to maximize learning, immediately putting rrently has 431 members, 127 of whom Condo and Diego de Sola; the organiza- to put the tools they have acquired du- knowledge acquired during the master’s program into practice through tools that are lifetime members, demonstrating the tion of the fi rst INCAE inter-club activity, ring the program into practice. Working 89% make it possible to live the experience. institutional legacy created through invol- “Ethical Awareness for Lunch,” whose in groups of 5 students, they collabora- objective was to discuss the experiences of the MBA’s brightest candidates ving new generations of students. te to fi nd solutions to specifi c strategic Its innovative silibus is focused on the student learning experience and not around of student members who have previously and managerial problems, which help to received support from INCAE, through what the professor teaches. Through a sequence of strategically designed modules, Some of the activities organized in 2014 faced ethical dilemmas, and which culmi- improve the overall performance of the scholarships and fi nancial aid entrepreneurial skills focusing on creating a successful business and sustainably (at INCAE and other locations), included nated with a campfi re that helped motiva- company or organization. managing its resources are progressively developed. the unterdatking of a study on best te discussion. In addition, the Club star- practices related to legislation aimed at ted redesigning their webpage in the third This experience has been a distingui- It includes a series of modules called “Camps,” focused on learning by doing. curtailing the bribery of public offi cials, quarter of 2014, with the goal of reaching shing feature of the INCAE MBA for more Examples of these are the Entrepreneurship Camp and the Leadership and for the Ministry of Justice of Costa Rica; a larger public through an attractive and than 20 years, contributing to the edu- Interpersonal Skills Camp. In addition, it is one of the only programs in the world and the signing of a partnership between user-friendly platform. cation of our students while at the same that implements a transversal component of co-curricular subjects that help prepare the Offi ce of the Vice President of Costa time creating value for the companies students for success in the business world. Rica and INCAE’s (MBA Unit and career and organisations. Working with compa- services department), to collaborate on nies of different sizes, in various sectors Photo Career Fair CHANGE AGENTS CHANGE AGENTS 12 accross Latin America, teams evaluate des support, particularly on methodolo- dings to the organisation’s management Development Bank, Banesco S.A., BASF job offers. Exchange students came from 12 13 specifi c opportunities, needs and issues gical and academic aspects. This year, team. On the basis of these reports, they of Costa Rica S.A., Calox - Gold Mills, schools in Europe and the United States, relating to strategy, fi nance, operations, the team of MCP professors from the are given evaluations of High Pass, Pass Capital Financial Advisors, Casa Pellas, 2014 JOINT DEGREE AND EXCHANGE while 29 INCAE students traveled to 13 human resources, marketing, sustaina- Francisco de Sola Campus included or Low Pass.

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