NEWSLETTER 3-17 FROM HANKEN SCHOOL OF ECONOMICS
Connecting with society Universities tackle societal challenges through academic research and through engaging in public debate. Beyond research and teaching, we take responsibility by working together with both public and private organizations to address these societal challenges. To further increase our interaction on the local arena, Hanken has hosted two new events in Vaasa, BAR and TEDx. Business and Research, or BAR for short, is a new concept bringing together companies and higher education institutions in Vaasa. The idea is to encourage academic research to support and bring about change within the local community through executive education. Hosting TEDx Vaasa has also given us the opportunity to welcome ten prominent speakers to our world of academia. Among these, we had Michael ”Monty” Widenius, behind MySQL, and Rune Westergård, founder of Citec and recurring guest lecturer in our master’s programme. The speakers covered
topics from leadership and entrepreneurship to analogue communication in a digital world. These events break down the silos between academia and practice and are in line with Hanken’s revised strategy, presented later in this issue. We are committed to continuing to further social responsibility and sustainability in our work. I am confident that these events will give us new perspectives and keep up a continuous dialogue. I look forward to hosting more of these events in the future!
S Ö R EN KO C K DEAN OF EXECUTIVE E D U C AT I O N A N D O P E R AT I O N S I N VA A S A
HANKEN TOPS NORDIC RESEARCH COMPARISONRANKING Hanken tops the Nordforsk research comparison in the field of business studies and economics within the share of highly cited publications, putting Hanken 70 % over the average and within the average citation rate (1,66) among 172 Nordic higher education institutions. This report describes research performance in a more nuanced way than many other international university rankings. - Citation distributions are typically skewed and some few publications tend to receive most of the citations. So it’s interesting to investigate contributions to highly cited papers, in addition to field normalised average scores, explains Library Director Tua Hindersson-Söderholm. According to the report, the scholar shows remarkable development with the main indicators. Though the total publication output of Hanken is low in absolute numbers, Hanken shows a steady rise. The explanation for this is that in a small university with a suitably limited focus, it is possible to achieve rapid change. - This is a result of our efforts to reward top publications and be able to increase both the productivity and the impact of our researchers, says Timo Korkeamäki, Dean of Research at Hanken.
TOP RESEARCH AND GLOBAL COMPETENCES CORE OF NEW STRATEGY Hanken’s revised strategy sets out the school’s strategic targets for the year 2025. The school will continue to focus on high-quality research and education, internationalisation, strong corporate connections and social responsibility and sustainability. Hanken’s operations today are based on academic research, research-based education, multilingual, international orientation, social responsibility and corporate relevance. The Hanken 2025 strategy is defined in more detail in substrategies for four selected areas: Research, Teaching and Learning, Human Resources, and Marketing Communication.
INTERNATIONAL TALENT PROGRAMME LAUNCHED This autumn Hanken launched an initiative to bring leading Finnish companies and international students together. During a two-year programme, the student will experience both professional development and personal growth together with a personal sponsor from a participating company. - Our international students get hands-on experience of a company’s business. At the same time, they can offer insight into their home markets. As for Hanken, we will take the needs of the export companies into consideration when choosing target markets for student recruitment, says Minna Martikainen, Dean of Education and one of the initiators of the programme.
HANKEN NETWORK DAY On Thursday 22 September, Hanken’s foyer was filled with Hanken’s partners and other interested companies eager to network with both students and personnel. The day was kicked off with a keynote by Arman Alizad and continued with a fair with all the participating companies and activities for the students, e.g. speed interviews and CV Drop-Ins. - We are extremely pleased to have seen so many students here today, taking part in a variety of activities and engaging with the companies. This year we decided to highlight startups by giving them their own “Startup Balcony”, commented Erik Lund, Head of Corporate Relations and Career Services.
HANKEN CONTINUES TO DO WELL IN RANKINGS NEW NETWORK IN FINLAND TO PROTECT SCHOLARS
FUNDRAISING CAMPAIGN RAISED 11,8 MEUR The fundraising campaign HANKEN RETURNS ended in June with a total of 944 private persons, organisations and foundations together having donated 11.8 million euro to Hanken. - The result exceeds all our expectations. We are deeply grateful for the support Hanken has among its alumni, partners and friends. Through this support we can continue to develop as a standalone international business school with high-class education and research, says Rector Karen Spens. The funds raised will be matched by the government and directed to Hanken’s basic capital. The aim of the campaign was to strengthen Hanken’s unique position as Finland’s only independent business school.
Scholars at Risk (SAR) is an international network of more than 460 higher education institutions in 35 countries working to protect threatened scholars. Hanken is one of ten Finnish universities to launch a Finnish collaboration SARnetwork. The scholars are invited to attend seminars and are offered positions as visiting scholars at the SAR-universities. - These serious human rights violations hinder research and research collaboration, something that is at the core of Hanken’s strategy. The SAR-network is an important part of the work of international academia to protect academic freedom, says Nikodemus Solitander, Director of the Centre of Corporate Responsibility.
Hanken’s master’s programme has been graded 71 in the Financial Times’ annual Masters in Management ranking. - We are delighted to be part of this ranking. It shows that Hanken’s master’s degree programme is competitive from an international point of view, says Rector Karen Spens. In total there are some 15 000 business schools in the world. Of these, only 95 are ranked on the Financial Times list. Six Nordic business schools and two Finnish business schools are on the list. The Top 3 are University of St. Gallen (1), HEC Paris (2) and IE Business School in Spain (3).
SUMMER SCHOOL WITH MAYS BUSINESS SCHOOL Mays Business School, Texas A & M University and Hanken School of Economics offered a joint summer school for the second time 5-29 June 2017. A total of 27 students from Mays Business School and Hanken participated in the Summer School. This year they studied International Environment of Business, and Nordic and Russian Business Culture. In addition to lectures and group work, the students learned through on-site visits.
TOP NORDIC PROVIDER OF EXECUTIVE EDUCATION
HANKEN AT A GLANCE
Hanken & SSE Executive Education took part in the yearly Financial Times rankings as a joint venture of Stockholm School of Economics in Finland. SSE Executive Education continues to maintain its position in the ranking as the top executive education provider in the Nordic and Baltic region in all categories. Financial Times ranks the best executive education programmes globally, rating the 75 best open programmes as well as the 85 best customized programmes worldwide and combining the two rankings to give the top 50 providers of Executive Education.
»» Research and teaching in Swedish and English in five departments
NEW BILATERAL EXCHANGE AGREEMENTS Hanken has signed a new bilateral exchange agreement. Our new partner is: HEC Lausanne.
HANKEN IN FIGURES »» Founded in Helsinki 1909 »» Operations also in Vaasa since 1980 »» Number of students enrolled for bachelor’s and master’s degrees – 2428 »» Number of doctoral students – 121 »» Academic staff – 123
AREAS OF STRENGTH »» Economics »» Finance »» Management and Organisation »» Marketing
MAJORS »» Accounting »» Commercial Law »» Economics »» Entrepreneurship, Management and Organisation »» Finance
PARTNER PROGRAMME
»» Management and Organisation
The Hanken Partner Programme builds long-lasting, mutually beneficial relationships that strengthen the connection between Hanken and the corporate world.
»» Supply Chain Management and Social Responsibility
»» Marketing
THE HANKEN MSC PROGRAMME IN ENGLISH »» Business and Management (Helsinki)
HANKEN PREMIUM PARTNERS
»» Economics (Helsinki) »» Finance Analysis and Business Development Helsinki) »» Intellectual Property Law (Helsinki) »» General Management (Vaasa)
EXECUTIVE EDUCATION HANKEN PARTNERS
»» Hanken Executive MBA »» Hanken & SSE Executive Education »» Hanken Executive Education Vaasa
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