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Innovations that inspire (International competition)

15 May2018
Innovations that inspire (International competition)

AACSB International has recognized the executive retraining program of RANEPA IBS and Rosatom Corporate Academy, “Strategic Breakthrough Triangle,” for innovation in leadership development.

Tampa, Fla. USA (April 17, 2018) – In response to rapid global change, business schools are no longer educating students about the ways of the world; they are educating them for a world that does not yet exist. Bold and innovative approaches to leadership development are key to their success. Today, AACSB International – The Association to Advance Collegiate Schools of Business (AACSB) recognized the executive retraining program of RANEPA IBS and Rosatom Corporate Academy, “Strategic Breakthrough Triangle” among 30 global institutions that define what it means to be a leader in the face of uncertainty and cultivate that winning skillset in the next generation of business leaders.

The third annual Innovations that Inspire challenge recognizes institutions from around the world serving as champions of change in the business education landscape, with a specific focus on innovation in leadership development, a key pillar of the accreditation process and one of five opportunities identified in the Collective Vision for business education.

“The biggest risk to business schools is not the rapid pace of change. It is in failing to prepare the next generation of business leaders to cope with that change,” said Thomas R. Robinson, President and CEO of AACSB. “Through its top executive development program, "Strategic Breakthrough Triangle", RANEPA IBS and Rosatom Corporate Academy are ensuring that the business leaders of tomorrow will be ready for whatever lies ahead.”

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RANEPA IBS was recognized for its "Strategic Breakthrough Triangle" program with ROSATOM corporation, which was submitted under the category of Enhancing Approaches to Leadership Education and Development, highlighting how business schools are creating non-traditional and cross-disciplinary opportunities for executive students to hone their leadership skills both inside and outside of the classroom.

The program is designed by IBS and ROSATOM (State Nuclear Energy Corporation) Corporate Academy for retraining ninety ROSATOM managers, preselected for promotion to the top echelon. The program addresses the most challenging bottlenecks that companies have to overcome to increase their competitiveness in the digital economy. It encompasses three aspects (sides of the triangle):

  • Developing the Think Big strategic vision;
  • Developing project work skills in teams of people with different backgrounds,  creating the synergy of expertise;
  • Developing entrepreneurial and intrapreneurial skills of managers from high-power distance corporate culture.

The program's anticipated immediate impact is improved coordination between functional departments of the company; better understanding of the company’s development strategy and the necessary changes related to disruptive technologies; and acceleration of the company’s development as a result of middle managers’ team work on projects and challenges with the support of top managers and RANEPA IBS experts.

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About AACSB International

As the world’s largest business education alliance, AACSB connects educators, students, and business to achieve a common goal: to create the next generation of great leaders. Synonymous with the highest standards of excellence, AACSB provides quality assurance, business education intelligence, and professional development services to almost 1,600 member organizations and more than 795 accredited business schools worldwide. With its global headquarters in Tampa, Florida, USA; Europe, Middle East, and Africa headquarters in Amsterdam, the Netherlands; and Asia Pacific headquarters in Singapore, AACSB’s mission is to foster engagement, accelerate innovation, and amplify impact in business education. For more information, visit aacsb.edu.

 

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