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(Hanken School of Economics, 2016)Hanken is ranked 5th in the global U-Multirank as regards research and research linkages. Hanken thus outperforms over 1 300 other universities from both the US and Europe. - This is a result of our efforts to encourage our researchers to publish in top journals and to cooperate internationally, says Hanken’s Rector Karen Spens. Hanken ranks particularly well on citation rate and top cited publications, as well as on international joint publications. - There are only two European universities among the top 10 measured according to top cited publications indicator. One of these is Hanken, which again proves the high quality of the research here, states Timo Korkeamäki, Dean of Research. The ranking compares selected U-Multirank institutions in terms of seven different bibliometric performance indicators in the areas of research and research linkages. All indicator scores derived from bibliometric analysis are based on information extracted from publications that are indexed in the CWTS-licensed edition of the Web of Science (WoS) database. U-Multirank is developed and implemented by an independent consortium of European higher education institutions and supported by the European Commission.
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(Hanken School of Economics, 2016)service company Funzi launches a unique program with the aim to introduce and integrate educated asylum seekers into Finnish working life. The programme consists of four live modules addressing the Finnish and European business landscape and organizational culture, strategic leadership, finance and a sales- and service mind-set. The programme will also include an internship in a Finnish company. “Within the programme, we offer a chance for educated asylum seekers to take the first step into working life while at the same time giving participating companies an opportunity to capture impulses from international markets”, Sari Salojärvi, CEO of Hanken & SSE Executive, explains. The initiative feels natural for Hanken, which for a long time has been engaged in ventures involving corporate social responsibility and sustainable development. “At Hanken we have several initiatives under development that support refugees in building a foundation for a future in Finland in a way that also benefits society as a whole”, says Rector Karen Spens.
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(Hanken School of Economics, 2016)In Finland, using the cultural know-how and expertise of international students to benefit Finnish companies is as yet a completely untapped resource - despite the obvious advantages. After all, who would know a country’s social behaviour, consumer habits and needs better than an individual coming from this specific culture? Equally, Finland sorely needs a stronger integration of great new talents to boost international competitiveness and business. I contend that universities have a central role to play in this respect. The key to success is our high-quality teaching; it’s internationally recognised but should be more closely integrated with Finnish business. Here, Hanken is at the forefront. We integrate our international students to be part of our innovative and international teaching groups. We create platforms where our students and our partner companies can meet, i.e. within courses and through graduate thesis projects. And we actively encourage our international students to find internships in local companies. Taking it one step further, we feel it’s important that integration is there from the very beginning. Our Finance and Accounting programme is a good example: as their very first master’s level course, students take part in a case competition arranged with PwC. Clearly, if we want attitudes to change, there’s still a lot of work to be done on a national level. We are developing our efforts to have a positive influence nationally. Would you expect anything less of an international business school, now accredited by EQUIS, AACSB and AMBA!
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(Hanken School of Economics, 2016)The accreditations and all that goes with that “business” is something we are used to; Hanken has been accredited since 2000 by EQUIS and by AMBA since 2008. A more recent addition to our palette, which we are very proud of, is the so called FT ranking (Financial Times). Our biggest master’s programme was ranked 67 in Financial Times’ annual Masters in Management ranking of the best masters programmes world-wide. In total there are some 15 000 business schools in the world and of these only 80 are ranked on the Financial Times list. The rankings are, in addition to the accreditations, something that business schools are putting a lot of effort into joining and keeping up. In terms of rankings, a recent study investigates the motivations and beliefs driving prospective students’ to consult ranking tables (http://www.qsdigitalsolutions.com/resources/ how-do-students-use-rankings). The study suggests prospective students typically approach university rankings with the aim of optimizing their own future employment prospects. A high ranking is seen as proof of a strong reputation among employers, meaning better prospects for its graduates in the labour market. For many students the way to initially approach rankings is to see it as a quick shortlisting tool. However, students also go to the rankings to check the reputation of an unfamiliar institution and to directly compare two or more universities. The rankings can then work as a final-stage tiebreaker between the choice of two universities or business schools. So many people have asked why do we do it, i.e. why do business schools want to join rankings? The answer is simple; if we want to attract prospective students rankings are becoming a key element driving the choice of which business school to go to. In addition, this ranking also signals that Hanken is a modern, top-rated business school from an international point of view, which is important to us as we continue on our road to internationalisation and extending our global network of partner universities.
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(Hanken School of Economics, 2016)Education and research are the two core areas for universities, no arguments there. Equally important is a third core area, namely the interaction with society and business life. At Hanken we collaborate and engage with business and society in several ways. Through our executive education we directly engage with many important stakeholders. We engage a broad spectrum of companies and organisations by offering everything from the Hanken Executive MBA programme, tailored and inhouse programmes to more regionally focused courses. We interact with everyone, from SME’s in the Ostrobothnia region catered for by Hanken Executive Education in Vaasa (HFV) to multinationals participating in Hanken & SSE programmes. For our academics these different types of interaction through seminars, short courses and longer programmes with companies and society at large are vital. Firstly, they provide a platform to disseminate our newest research findings. Secondly, they offer an opportunity to gain new insights and get a practitioner’s view on our research, something we all find very rewarding. Recently we had the opportunity to host one such event here in Vaasa. During Energy Week, the main event for the large energy cluster in Vaasa, we co-arranged a so-called Sales Café with around 90 managers from companies like Wärtsilä, ABB and Vacon. The keynote speaker Jonas Kjellberg, creator of SKYPE, gave an incredibly interesting lecture on the interaction between sales and product development - collaboration between academia and the corporate world at its best!
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(Hanken School of Economics, 2016)Readers of this newsletter will know that Hanken has been extraordinarily successful in research in the last few years. In addition to internal assessments, our research is continuously evaluated by international accrediting bodies and the Ministry of Education and Culture. These external evaluators confirm that Hanken’s research output has been outstanding in terms of quantity and especially quality. These achievements set the bar high for our future research activities. The pipeline from a research idea to a published paper is a long one. In essence, our current success tells us that we have done something right some five or seven years ago, when the recent publications of our faculty were conceived. A lot of hard work is needed to maintain and further improve the stature of Hanken as ”an acknowledged research-intensive business school with a distinctive profile in research and education”, to quote our mission statement. We welcome the challenge, and indications are good for continued success. World-class research requires resources, and we have been fortunate on that front. Our HUMLOG Institute recently obtained significant EU-financing for its project on emergency logistics. Our HANKEN RETURNS fundraising campaign is also off to an exciting start. Securing research resources is vital for our continued success in research, and the importance of external fundraising will play an increasing role in the future. Successful fundraising will ensure that Hanken retains its leading role in business research in Finland and in Northern Europe.
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(Hanken School of Economics, 2016)In a review on the state of scientific research in Finland, Hanken’s results were clearly above average. The review was conducted by the Academy of Finland and included recommendations on improving the position of Finnish research internationally. Hanken can be said to be well on the recommended way. Firstly, Hanken has pursued an area-of-strength policy since the early 1990’s and is already channelling resources to these areas, especially as regards research. Secondly, the review calls for increased international recruitment, and recent figures show that 23 % of our academic staff is international and that 27.7 % of all our publications are published in international journals. These are among the highest figures in Finland. What makes me especially happy are the results of a bibliometrical study conducted as a part of the review. The citation index shows that Hanken’s research with an index of 1.4 is clearly above the world average of 1. In Finland, only Hanken and the Aalto University rise above the world average. The same trend can be seen in the Top 10 index, where Hanken’s index is 1.7 while the world average is 1. Hanken also wants to encourage the regrowth of future researchers through our PhD programme. This autumn, we actually conferred 75 doctoral degrees. In addition, the 100th woman publicly defended her doctoral thesis in the beginning of December. These positive news prove that Hanken’s strategy, combined with a flexible and effective allocation of resources, really pays off. Hanken shows that even small units can conduct significant, productive research with a high level of impact.
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(Hanken School of Economics, 2016)Universities throughout Europe are giving high priority to internationalisation these days. By its very nature, science has never known any borders between nations, but what is new today is the institutional preference for internationalisation, supported by incentives from both public policymakers and private financiers. The international competition between universities has intensified. Today, internationalisation is a strategic instrument for creating competitive advantages in the international markets for higher education and research. It should support the international recruitment of high-quality students and faculty, and in so doing it is crucial to understand just how internationalisation promotes quality development in education and research. On a national level, Hanken has in many respects been a forerunner as far as internationalisation is concerned. But with the intensified competition between universities, Hanken must keep refining its investments in internationalisation in order to support quality development in education and research. Hanken has to do more than just meet its declared goals regarding international students and faculty. Today’s investments in internationalisation have to more efficiently promote quality in education and research – Hanken’s key activities – thereby promoting Hanken as a player in the international business school market.
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(Hanken School of Economics, 2016)Hanken’s Centre for Relationship Marketing and Service Management (CERS) has been pioneering service and relationship marketing for twenty years. In 1994 it was one of the first centres of its kind. Founding the centre proved to be the right choice and it is today home to 15 senior researchers and 25 doctoral students. “The amount of published doctoral theses within service research, as well as the growing interest from the business community, indicate that we made the right decision in founding the centre”, Professor and founder Christian Grönroos says. At CERS researchers create knowledge at the forefront of service marketing through interaction with its international academic network as well as the surrounding business community. “In the future, our mission is to raise the level of research even higher, to interact more closely with the business community and to function as an international service marketing platform”, CERS Director Kristina Heinonen concludes. The 20 -Year Anniversary seminar and dinner took place on 20 May with numerous prominent speakers in the field, such as Professor Bo Edvardsson from Karlstad University in Sweden.
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(Hanken School of Economics, 2016)Business students are not always motivated to set up their own businesses. As they are taught, for example, about risks and return on investments, it seems to influence the percentage of students setting up their own business during and directly after their studies: it could be quite a lot higher. According to the latest Sefe (The Finnish Association of Business School Graduates) survey only 5% of our students (Kivelä, Sefen raportteja 1/2013) take this step. In my experience, however, the percentage of students preparing for later taking over the family business is higher, which is a good thing.
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(Hanken School of Economics, 2016)Hanken ordnade ett välbesökt frukostseminarium med fokus på samverkan mellan försäljning och marknadsföring som en väg till att skapa värde för kunden. PhD Avinash Malshe, universitetslektor vid University of St. Thomas i Minneapolis och ED Paul Viio, Director Sales Research vid CERS, berättade om orsaker bakom möjliga problem mellan marknadsföring och försäljning, hur man känner igen dem, och man utvecklar ett bättre samarbete. Malshe och Viio berättade om företag som lyckats med detta och deltagarna delade aktivt med sig av erfarenheter som de fått på sina arbetsplatser. Läs mer om Avinash Malshe på sida 18.
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(Hanken School of Economics, 2016)Årets tappning av Hankendagen samlade ett hundratal alumner till Hankens Vasacampus. Under dagen riktades blickarna mot väst och en stor del av programmet var kopplat till Sverige och svenskt näringsliv. Till seminariets huvudtalare hörde Umeås stadsdirektör Jonas Jonsson och försvarsminister Carl Haglund. Dagen avslutades med middag på Central och efterfest på Cella. Läs mera om Hankendagen på sidorna 6–11.
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(Hanken School of Economics, 2016)Hankens årliga internationella alumndag ordnades i ett somrigt London i maj. Ett femtiotal alumner från sju olika länder samlades för ett halvdagsseminarium och en trevlig middag på kvällen. Teman för seminariet var start-ups och private equity och bland talarna fanns Hankens hedersdoktor Björn Savén från IK Investment Partners Ltd och Hankenalumnen Micke Paqvalén från Kiosked. Läs mer om alumndagen i London på sidorna 6–9.
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(Hanken School of Economics, 2016)Det första årliga Hanken Business Forum ordnades den 12 februari på Hanken i Helsingfors. Under seminariet diskuterades dagsaktuella frågor om Finlands framtida konkurrenskraft och vad som eventuellt hämmar och stöder den. Seminariet ordnades av Hankens fundraising i samarbete med Hanken & SSE Executive Education och WCEFIR (Wallenberg Center for Financial Analyses), som firade CEFA-kursens 20-års jubileum. Efter seminariedelen fortsatte festligheterna med middag samt dans och mingel. Erkki Liikanen, chefdirektör för Finlands Bank, Björn Wahlroos, styrelseordförande för Hanken och Anne Brunila, Professor of Practice på Hanken var inbjudna som talare och paneldeltagare på Hanken Business Forum. Läs mer om Hanken Business Forum på sidorna 6–8.
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(Hanken School of Economics, 2016)I mars ordnade Hankenstuderande ett seminarium om socialt entreprenörskap som en del av kursen Entrepreneurial Business Creativity. Företagen Funzi, EntoCube och CosmEthics representerades av sina respektive grundare Aape Pohjavirta, Perttu Karjalainen och Katariina Rantanen, som talade om temat socialt entreprenörskap. Seminariet efterföljdes av en workshop i samarbete med den svenska beteendebyrån Beteendelabbet, där deltagarna fick lära sig mera om begreppet ”nudging” som handlar om att designa beslutsmiljöer som gör det lätt att göra rätt.
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(Hanken School of Economics, 2016)På hösten 2015 valdes nya kollegiala organ för Hanken. Styrelsen är det högsta beslutsfattande organet vid högskolan och hade sitt konstituerande möte den 4 februari 2016. Styrelsens mandatperiod är tre år. Hankens styrelse 2016-2018: Externa medlemmar: Björn Wahlroos (ordf.), Jannica Fagerholm (viceordf.), Anna Häggblom och Lars Ågren. Interna medlemmar: Hanna Donner, Kristina Heinonen, Kenneth Högholm, Charlotta Niemistö, Susanna Taimitarha och Filip Björklöf (stud).
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(Hanken School of Economics, 2016)I november meddelade AACSB International att organisationen beviljat Hanken ackreditering. AACSB-ackrediteringen representerar en av de högsta utmärkelserna en handelshögskola kan erhålla och anses vara en kvalitetsstämpel av högsta grad inom utbildningen i ekonomi. Endast 5 procent av alla handelshögskolor världen över, som erbjuder examensinriktad utbildning, har erhållit ackrediteringen. I och med denna ackreditering tillträder Hanken nu den exklusiva gruppen handelshögskolor som erhållit de tre mest prestigefyllda internationella ackrediteringarna, nämligen AACSB, AMBA och EQUIS. Endast cirka 75, alltså färre än en procent, av handelshögskolorna i världen tillhör denna grupp.
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(Hanken School of Economics, 2016)Närmare 20 företag och hundratals studerande samlades under det årliga nätverksevenemanget Hanken Network Day. Dagen erbjuder en plattform för studerande och företag att mötas. Här kan studerandena träffa experter i näringslivet, lära sig om olika branscher och få insikt i framtida kompetenskrav. Årets tema var hur man använder sociala medier i professionella sammanhang. Talare var konsulten Jörgen Sundberg. Läs mer om Sundberg på sida 16.
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(Hanken School of Economics, 2016)Partnerdagen ordnades på Hanken i Vasa 23.4.2015. Omkring 60 studerande deltog i det inspirerande programmet, som representanter från Hankens partnerföretag EY, Fennia och Wärtsilä stod för. Under presentationerna betonades bl.a. vikten av att nätverka med sina medstuderande under studietiden då de är värdefulla kontakter senare i arbetslivet. Studerande uppmanades också att läsa många olika kurser för att få en bredd på sin examen. Förståelsen för hur ett företag fungerar är också viktig vilket arbete man än gör.
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(Hanken School of Economics, 2016)Hankens styrelse har valt professor Karen Spens till rektor för Hanken för en femårsperiod som börjar 1.8.2015. I enlighet med den ursprungliga planen fortsätter Hankens nuvarande rektor Eva Liljeblom i sitt uppdrag till och med 31 juli 2015 och återgår därefter till sin professur i finansiell ekonomi vid Hanken. – Under Eva Liljebloms tid som rektor har Hanken utvecklats till en forsknings-mässigt stark och internationell högskola med goda kontakter till näringslivet. Det är en stor ära för mig att få fortsätta detta arbete och därutöver vidare-utveckla undervisningen och förbättra studiemiljön. Gott samarbete, internt och externt, är nyckeln till fortsatt framgång, säger Karen Spens. I nästa nummer av tidningen Hanken kan du läsa en intervju med henne.
