AUC School of Business: 2019 in review
The AUC School of Business had yet another busy and rewarding year with a vast range of initiatives and programs aimed at promoting the School’s themes of entrepreneurship, responsible business and economic development within our educational initiatives, outreach programs and research efforts.
We started the year as the top business school in Africa, according to Eduniversal, and several of our graduate programs were ranked as the best in the continent. Executive Education was ranked 74th in the open enrollment category by the Financial Times. Furthermore, our EMBA was ranked 74th and the Master of Science in Finance was ranked 101st by the QS global ranking. Finally, the AUC Venture Lab, Egypt’s first University-based startup incubator and accelerator, is constantly recognized as a top challenger in the Middle East and North Africa region by UBI-Global.
Pioneering new initiatives:
This fall, the AUC School of Business welcomed the first cohort of students to its CEMS (The Global Alliance in Management Education)/ MIM (Master of Science in International Management). Affectionately dubbed the United Nations of Business Education, the CEMS MIM program is building a bridge between academia and the corporate world with over 33 renowned business schools as well as 69 global corporate and 7 social partners. We are thrilled to bring in the African and the Middle Eastern flavor to this prominent program, which ensures cultural diversity, a student-centric experience, as well as a global hands-on perspective of doing business.
Marking the start of a new chapter for the AUC School of Business Executive Education, the “Business Reconfigured” chapter replaces the previously operating one-size-fits-all model to a more focused progressive programs portfolio. The new programs attest to the Schools commitment of offering different types of teaching and learning programs depending on the lifecycle of the participants, with the ultimate aim of learning objectives being addressed throughout the entire cycle. The new, well-defined, customer-oriented proposition will allow everyone, starting from the professional to the aspiring executive, to choose the right and suitable level that will help them throughout the development of their career. To learn more about the new programs offered, visit the link: https://business.aucegypt.edu/execed.
Within the School’s belief in the value of change and the importance of evolution, we launched a brand new Business Reconfigured Webinar Series. These webinars targets executives and professionals, providing them with updates and insights from our prominent Executive Education instructors on new trends in the different business functions. A full list of the webinars can be found at https://business.aucegypt.edu/execed/business-reconfigured-webinars
Abdul Latif Jameel Poverty Action Lab (JPAL)/ AUC Initiative partnered with UNICEF Egypt this year to host a four-part Global Evidence for Egypt Spotlight Series, bringing together Egyptian policymakers and leading J-PAL affiliated professors to tackle important policy issues through a global research perspective and to offer evidence based solutions to address these issues. The J-PAL/AUC Initiative is a partnership established in September 2018 between JPAL and the AUC School of Business which supports the work of the Initiative in conducting randomized evaluations, building partnerships for evidence-informed policymaking, and helping partners scale up effective programs.
In the fall of 2019, the AUC School of Business is proud to establish the Behavioral and Economic Decision-Making Lab (BEDM Lab). Representing one of only two experimental economic labs in the region, the lab focuses on experimental and behavioral economics through simple monitor-based games with student subjects to measure factors essential to the economic decision making process. We hope the data collection, research and analysis conducted by BEDM Lab will support the creation of a ‘nudge unit’ in the Egyptian government, which looks at behavioral economics and psychology to support a human behavior-based policy, as well as improve services and provide efficient resource allocation.
Within the School’s commitment to corporate governance, The Women on Boards Observatory (WoB) launched the Egyptian Board Ready Women Database in December 2019. The database includes current female board members, in addition to eligible board-ready women. The WoB observatory also provides a board placement service that supports the placement and promotion of female talents on boards, thus helping organizations in realizing the benefits of increased diversity and connecting board-ready women with CEOs and Board Executives.
Select international and regional events
With the aim of supporting entrepreneurship in Africa and the region, the School hosted a number of regional and international events, including The African Women Entrepreneurship Cooperative (AWEC) Leadership Summit in Spring 2019. The summit brought together over 150 smart and venturous African women entrepreneurs from 37 countries, representing 32 industries and sectors, who had completed a one-year high-touch leadership and management training and development program that empowers women from across Africa with the skillsets required and the network needed to establish and grow their businesses.
In addition, the School was proud to be the academic partner of the 64th ICSB World Congress, themed, “The Future of Entrepreneurship”. The congress was attended by over 500 delegates from around 75 countries who came together to reflect on the role of the entrepreneurial system in the pursuit of sustainability and social justice. We also hosted the International Council for Small Businesses (ICSB) Academy which brought together over 80 students from around the world in an intensive, week-long experience that aimed to challenge, stimulate and build their entrepreneurial skills.
Also, as a member of the Babson Collaborative for Entrepreneurship Education, the AUC School of Business was privileged to host the Annual Babson Collaborative Summit 2019. The summit, which ran for four days, covered a range of topics, including developing a global mindset for entrepreneurship education, exploring educational frameworks for entrepreneurial leaders, as well as panel discussions on accelerators, incubators and entrepreneurship centers.
AUC Team wins first place in EngComm Competition
AUC School of Business and School of Science and Engineering team won first place in EngComm (Engineering and Commerce Case Competition) which took place during February 2019 in Montreal, Canada. The team also received the Dr. Thomas McLaughlin Award for the Best International Team, Best Business Solution and Best Team Spirit. The competition brought together teams from 16 internationally recognized academic institutions, consisting of engineering and commerce students.