Business Education in Russia: Challenges and Trends Vladimir MAU July 15, 2008

Macroeconomic Performance, Parameters GPD, % growth110,0105,1104,7107,3107,2106,4106,7108,1 Industrial index (%)108,7102,9103,1108,9108,3104,0103,9106,3 Mining index (%)110,9102,0101,1110,3110,5105,7104,4109,3 Fixed capital investment (%)117,4110,0102,8112,5113,7110,9113,7121,1 Foreign investments ($,billions) 11,014,319,829,740,553,755,1120,9 Foreign direct investments4,44,0 6,89,413,113,727,8 International reserves28,036,647,876,9124,5182,2303,0476,4 Total Stabilization fund 18,843,089,1156,8

Strategic priorities of social and economic development  Structural transformation towards post-industrial society  ‘Diminishing returns’ on economic legislation  Priority to the development of human capital – education, health care, pension system, housing.

Education and health are the priorities of economic policy  Health care – development of a new system more suitable for post-industrial challenges New principles of medical insurance to be elaborated  Education – increase the efficiency and market orientation. More private money to be invested in education Both are considered as national priorities

Education: new challenges  Conventional education of the industrial society (20-25 years + professional retraining) to be replaced by life long learning  Growing role of chargeable education  Increasing demand for customized education  Globalization makes competition in the international education market inevitable  Increasing role of practical competences in education

Trends in business-education  continuity of education puts emphasis on new knowledge and competences instead of formal diploma/degree  growing demand for shorter and more intensive programs  reorientation to part-time and modular formats  segmentation of business education clients  increasing role of functional and specialized MBA programs  internationalization of business education

“We invite you to the seminar!”, or Future from spam! Seminar “Manual on Exploitation of Man by Man”. Peculiarities of the seminar: The seminar is held by the chief of the consulting company, which repeatedly improved the profitability of the companies of its customers by times. No theory from textbooks. In fact the real practice contradicts the textbooks. And this will be shown in the seminar convincingly. You will be able to offer your situations for analysis and to get express consultations in the course and at the price of our seminar, i.e. to save seriously.

Holder of the seminar: Owner and chief of the consulting firm (11 years of success) Popular business-trainer (8 years), holder of author’s seminars in Russia and abroad. Author of books. Main developer of the most modern technology of the system analysis and search of weak points in the organization “Confinement R-Modeling”. “We invite you to the seminar!”, or Future from spam! The course is held for 2 days from 11:00 to 19:00 The cost of participation – 15,500 rubles, VAT exempt. The cost includes lunches, coffee breaks, author’s manuals.

Segmentation of the system of business-education  business-schools of classical universities  independent (private as a rule) business-schools  business-schools, established by corporations, and not being their structural subdivisions  corporate universities – schools, established inside large corporations  educational subdivisions, established by consulting companies  different training companies

Future basic schools: Classical school vs. Entrepreneurial school School character ClassicalEntrepreneurial AcademicProfessional Teachers' work organization Chairs. Life employment (tenure) Creative teams of teachers for solution of specific educational and consulting tasks. Only temporary contracts Research Conventional in peer-reviewed academic journals Popular among general public, political and entrepreneurial elite Financing Endowment, general university budget, education fees do not play a critical role Students' fees, credits, endowment. Program level Degree, close to Master of Arts, though formally - MBA MBA "Optimal graduate" Successful business consultant, analyst Successful entrepreneur Teaching character Delivery of knowledge - lectures. Skills formation - case studies Formation of entrepreneurial experience -project implementation, simulators, etc. Minimization of the role of lectures

Thank you!