Strategic Plan for Carpet

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Riga
Integrating Skills and Competencies into the
Curriculum Studying for Work Dr. Arthur
Lindemanis Vice Rector for Research Banking
Institution of Higher Education The 20th Annual
Businet Conference 2006 Skills, Competencies
and Employability 17 November 2006 Berlin
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Riga
Banking Institute of Higher Education Host to
2007 Businet Conference in Riga Latvia
Next Year The 21st Annual Businet Conference
2007 Skills, Competencies and Employability
November 14-17 2006 Riga
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Banking Institution of Higher Education

• Riga, Latvia

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Short history

• BIHE was founded in 1992 as a Latvian Banking
  College
• Over its first decade it has developed from a
  Banking College initially offering studies in 2
  areas banking and finance to just 216 students
  into a modern institution of higher education
  providing studies for more than 2660 students in
  8 study programms.

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• 2002
• BIHE 10th anniversary celebration BIHE students
  w/ school flag at Monument of Freedom
• 2007
• BIHE 15th anniversary celebration
• BIHE 9th International Conference
• Innovation Creativity
• October 2007
• Businet 21st Annual Conference
• Skills, Competencies Employability
• November 2006

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3 years
Doctoral studies
DBA
With RESBAA VeA
Dr. Economics
Professional Master degrees
MBA with SBS Switzerland
Post graduate studies
1.5 years
Finance
MBA
International Finance and Banking
Prof. Bachelor Degree
Business Specialist
2nd level professional HE
Banking Specialist
4 years
1st level professional HE
2,5 years
2 years
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BIHE academic staff

• BIHE academic staff consists of
• 43 full-time lecturers from which 9 have doctor's
  degree and 13 are PhD students
• About 60 guest lecturers coming from such
  organizations as
• State Revenue Service,
• Banks,
• The Bank of Latvia,
• Association of Commercial Banks of Latvia,
• Welfare Ministry of Latvia,
• Riga City Council,
• Government Control.

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BIHE international activities

• Membership in the international networks
• NEW ? Businet as of 2006
• BMDA Baltic Management Development Association
  (41 member from 14 countries)
• CEEMAN - Central and East European Management
  Development Association (169 members from 40
  countries in Europe, North America, Africa and
  Asia )
• EURASHE - the European Association of
  Institutions in Higher Education (members from 14
  countries)
• PRIME Networking (members from more than 10
  countries)
• SPACE Association promoting business studies,
  foreign languages, and intercultural
  communications

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The mobility of BIHE students abroad under
SOCRATES/ERASMUS program
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Co-operation partners

• Banking Institution of Higher Education, Pinsk,
  Belarus.
• KHLueven, Belgium
• EHSAL, Belgium
• Katholieke Hogeschoole Mechelen, Belgium
• Karel de Grote Hogeschoole, Antwerp, Belgium
• Tietgen Business College, Denmark
• Estonian Business School, Estonia
• Hamme Polytech, Turku, Finland
• University of Applied Sciences Osnabruck,
  Germany
• International School of Management, Lithuania
• Vilnius College, Lithuania
• Banking and Finance Academy, Uzbekistan

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Participation in projects

• EU Tempus Project joining 10 members from Latvia,
  UK, Sweden and Spain
• PRIME international Euroweek students project
  competition
• Leonardo Pilot Project on logistics terminology
• INTERLOG international project to work out
  dictionary of logistics
• SPACE Network Project on business studies
  European exam
• Euro Module Dissemination Project in Malta
• Socrates IP Programs in Germany and Austria on
  business studies and case design.
• Online Case Study Project with Turku Polytechnic,
  Finland on marketing issues

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Integrating Skills and Competencies into the
Curriculum Studying for Work
For the Growth of Creative Personality
Businet workshops identified many skills
competencies stressing soft ones Critical
Thinking Leadership Entrepreneurial Team
Building Innovative Communications Creative
Inter-Disciplinary Adaptable Life Long
Learning Social
Why ?
How ?
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Integrating Skills and Competencies into the
Curriculum Studying for Work
For the Growth of Creative Personality
Businet workshop identified many educational
approaches and tools Active learning Team
Building Context-based learning Projects
Multi-media Theses Case Studies Field
research Computer Based Training Consulting
projects Computer simulations Internships E-lear
ning Videoconferencing
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Preparing todays students, employees leaders
for tomorrows business environment ? Goals?
For the Growth of Creative Personality
Why creativity? Ability to address Real World
Issues in todays competitive environment
Global hyper-competition with accelerating
changes
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Preparing todays students, employees leaders
for tomorrows business environment
Real world issues Global hyper-competition with
accelerating changes
Global hyper-competition with rapidly
accelerating changes in technologies and markets
is forcing companies to cope with increasing
business complexity to achieve strategic
objectives. Product cycle lifetimes are
dramatically decreasing while customer
expectations are increasing
Faster, Better, Cheaper
1990's
1980's
In Search of Excellence
Thriving in Chaos
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The Challenge Creating and Sustaining Growth
Guess the failures and why?
New Product Failure Rate ?

• 70 of all new products launched by
  established 90 companies that
  fail
• 90 of companies that are unable to sustain
  above average growth rate for more than a few
  years
• 75 of MA s that fail to achieve forecast
  synergies
• 80 of venture capital funded start-ups that
  fail
• 51 of Enterprise Resource Planning systems
  are that are unsuccessful
• 70 of Customer Relationship Management
  systems that fail to generate benefits
• 65 of promotions that fail to generate a
  profit
• 20 of stores that run out of stock during
  promotions

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Exploring todays competitive environment
Real world issues Global hyper-competition with
accelerating changes
Explore familiar examples Telecommunications Info
rmation Technology Retail Fashion Using Articles
Info from theses Videos Webcasts Case
studies On-line computer simulation
Disruptive Innovation
Market Disruption
Convergence
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Teaching Business Strategies for
Innovation-Driven Growth
Seminar video
Workbook

• Extensive use of videos
• Webcasts
• Cheap sources
• Textbook Publishers
• ECCH
• HBS
• Professional associations
• Consulting firms
• Vendors

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Innovation ? IDEO Case Study

• Deep Dive ABC Nightline video 1999
• IDEO Instead Case 2005
• Innovation applied to service industry
• 3 mini-cases passenger transport, on-line
  financial mobile phone ? Applying IDEO
  methodology to hospitals
• The worlds most successful design firm
• Organized chaos
• Fail often To succeed sooner
• Take aways
• Creative designs and solutions can be transformed
  into a systematic process
• Comparison with Inditex fashion design made
  into an assembly line process 30 days from
  concept to in-store delivery world wide

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Exploring todays competitive environment
Real world issues Global hyper-competition with
accelerating changes
Explore familiar examples Telecommunications Pers
onal Computers Retail Fashion Using Articles
Info from theses Videos Webcasts Case
studies On-line computer simulation
Disruptive Innovation
49 bil
Market Disruption
e-Commerce
e-Business
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Interactive Computer Resources
Computer Based Training Flight
Simulator Business simulations Game Theory BCG
DICE
Assessments FranklinCovey BoozAllenHamilton
Simple but powerful simulator
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Exploring todays competitive environment
Real world issues Global hyper-competition with
accelerating changes
Explore familiar examples Telecommunications Info
rmation Technology Retail Fashion Using Articles
Info from theses Videos Webcasts Case
studies On-line computer simulation
Disruptive Innovation
Market Disruption
285 bil
Retail Lots of cases and on-line resources
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Real World Issues
SAP Webcast Challenges in Consumer Product
Sector
Web casts
Real World Issues
Market inefficiencies
SAP 2004
Information
Collaboration
Execution
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Exploring todays competitive environment
Real world issues Global hyper-competition with
accelerating changes
Explore familiar examples Telecommunications Info
rmation Technology Retail Fashion Using Articles
Info from theses Videos Webcasts Case
studies On-line computer simulation
Disruptive Innovation
52 Fashion Seasons
Market Disruption
Zara's Fast Fashion
Zaras Fast Fashion Excellent HBS multimedia case
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Preparing todays students, employees leaders
for tomorrows business environment ? Approach
For the Growth of Creative Personality
How Business Schools Lost Their Way Too focused
on scientific research, business schools are
hiring professors with limited real-world
experience and graduating students who are
ill-equipped to wrangle with complex,
unquantifiable issues- In other words, the stuff
of management Harvard Business Review May
2005 Stanford University discards MBA
curriculum 2006
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Business Decision Making Framework
Qualitative
Business Decisions

Quantitative
GM PowerTrain Study by Charles Fine
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Pan Europa Food Case
Short Interdisciplinary Case Suitable for role
playing financial strategic decisions including
corporate politics Disciplines Financial
management, project management, marketing,
strategic management, negotiations
11 Projects from 5 Dept Strategy Marketing
Sales Distribution Manufacturing
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RD
Breakthrough
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9
2
Minor Process Changes Major
Platform
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11
3
8
5
Derivative
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Extensive Product Changes
Minor
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Industry Sources ? Major Resource

• New industry reports
• Approaches
• In-Class Challenge
• Apply it!
• Apply to your company
• Extend to Latvia
• Projects theses

New Strategies for Global Trade
Management Aberdeen 2005
http//www.aberdeen.com/c/report/benchmark/RA_Glob
alTrade_BE.pdf
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In-class Challenge High- Performance Global Trade

• Primary barriers to efficient global SCM
• Distance ? Country borders
• Time-zone differences ? Cultural diversities
• Organizational silos ? Language
• Distinct corporate goals ? Counterfeiting

Top 3 ?
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Stanford Universitys Global Supply Chain
Management Forum and Accenture symposium
February 9, 2005

• Drivers forcing more effective global SCM
• Increasing globalization
• Increasing clockspeed of product technology
  life cycles
• Increasing complexity of legal and regulatory
  requirements
• Increasing anxiety faced by companies in a global
  economy

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Integrating Skills and Competencies into the
Curriculum Studying for Work
For the Growth of Creative Personality
Many educational approaches tools can integrate
the Real World into the curriculum. Active
learning Team Building Context-based
learning Projects Multi-media Theses Case
Studies Field research Computer Based
Training Consulting projects Computer
simulations Internships E-learning Videoconfer
encing The end results depend on you as educators
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Thank you !