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2. Agree or disagree to the following. Correct wrong statements and give your arguments.

1. Managers become successful only if they have excellent education at some well-known business school.

2. Many first-line managers periodically return to school to participate in management development programs.

3. Even if you have memorized every word in every management book you will not be a successful top-manager.

4. The most effective way to achieve success is to combine education and experience.

3. Say: a) how people are learned by experience;

b) what the advantages of education are.

  1. Make written translation of text 8.

Text 8.

Management Education in Europe

Education in business and management is far from new, and the payment of high salaries to business school graduates is not new either. What is new is the rise of business and management education in Europe. European managers, as well as managers from other areas of the world, can now acquire the many different managerial skills from highly respected educational institutions in Europe.

IMI, LBS, IMEDE, IESE, and INSEAD are the rec­ognized leaders among European business schools. IMI, International Management Institute, located in Geneva, Switzerland, is the oldest of these (founded in 1946) and has the most compressed time frame — a nine-month degree program. LBS, the London Busi­ness School, is the newest (founded in 1965) and has an American-style degree program. IMEDE, Interna­tional Management Development Institute, located in Lausanne, Switzerland, was founded in 1957 by Nes­tle although it is independent of that company. IESE, the Instituto de Estudios Superiores de la Empresa, in Barcelona, Spain, has religious roots but offers a relaxed atmosphere for its students and has a two-year M.B.A. program much like M.B.A. programs in the United States. INSEAD, the Institut Europeen D'Administration des Affaires, in Fontainebleau, France, is the preeminent management education school in Europe. Its graduates frequently take jobs in countries other than their own.

All of these schools require students to undertake some kind of consulting work to increase their ana­lytical and diagnostic skills. The French packaging company Groupe Carnaud reduced inventories and boosted profits by following the advice of a student consulting team. The exhausting pace (usually about 100 hours per week) also helps students develop skills in "working smart" and organizing their time — two of the technical skills needed by managers. In­terpersonal skills are sharpened in the melting-pot environment of students from diverse countries and cultures. These skills are strengthened by the use of group assignments rather than individual assignments for most student projects. Conceptual skills are de­veloped through discussions with faculty, with visiting executives, and among students.

2. Fill in the table with the information about educational institutions in Europe.

Name

Abbreviation

Foundation Date

Location

Additional Information

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