Skolkovo Moscow School of Management

Skolkovo Moscow School of Management Московская школа управления Сколково
Motto in English	Helping successful people become more successful. Developing people able to develop themselves and the world.
Established	2006
Type	Business school
Endowment	$100 million (USD)
President	Ruben Vardanian
Location	MIBC "Moscow-City", Moscow, Russia
Website	www.skolkovo.ru

The Skolkovo School of Management is a graduate business school located near Skolkovo, Moscow Oblast, in the close vicinity of the capital city of Moscow, Russia. The school, which was founded in 2006, is a joint project by major Russian and international business leaders.

History

2001 – Representatives of major Russian and foreign companies propose setting up a leading business school in Russia. Discussions start with Herman Gref, then-Russian Minister for Economic Development and Trade, and Presidential Administration officials.

2005 – Ruben Vardanian, Chairman of the Board of Directors and CEO of Troika Dialog Group, invites a group of like-minded entrepreneurs to participate in the project^[1].

The President of Skolkovo School Ruben Vardanian presents the symbol of Skolkovo, the "Apple of Knowledge", to the Russian President Dmitry Medvedev.

2006 – A meeting is held between the Russian businessmen and then-President Vladimir Putin. At the meeting, the President welcomes participation of major businesses in the educational reform and the initiative wins the Administration's support. Moscow School of Management Skolkovo project is set up as a public-private partnership within the framework of the National Priority Projects Programme of the Government of the Russian Federation.

September 2006 – Foundation stone ceremony is held on site. Dmitry Medvedev, the President of the Russian Federation becomes the Chairman of the Skolkovo International Advisory Board.

December 2006 – Executive Education Company-Specific Programmes are launched.

March 2007 – The Skolkovo Endowment Fund is registered.

September 2007 – Skolkovo finishes Management committee formation. Professor Wilfried Vanchonacker joins President Ruben Vardanian and Dean Andrei Volkov as Dean.

October–December 2007 – Skolkovo presents its first research projects: the report on Russian Capital Market with NAUFOR and the ranking of Russian multinational enterprises.

June 2008 – Three individuals join the project as Founding Partners. The first-ever Skolkovo Forum "Doing Business in Russia: Fine Art of Success" is held. Skolkovo establishes the Skolkovo Institute for Emerging Market Studies (SIEMS) – a leading think-tank on fast-moving economies headed by Professor Seung Ho "Sam" Park and based in Beijing (China).

July 2008 – First books from the Skolkovo business literature series are published.

September 2008 – Enrollment for Skolkovo EMBA, the school's first degree programme, opens. Skolkovo EMBA is due to start in January 2009.

A night view render of Skolkovo campus

October 2008 – Russia's largest bank, Sberbank of Russia, supports Skolkovo development by granting the school a construction and development credit worth $245 million for the term of 10 years.

November 2008 – Skolkovo-2008 Ranking of Russian multinationals is released. Enrollment for Skolkovo MBA due to start in September 2009 opens. Skolkovo develops concept of Urals Federal University.

December 2008 – Creation of a joint venture fund Skolkovo-RUSNANO is announced^[2].

January 2009 – EMBA programme is launch. Studies of the first class start. Skolkovo MBA announces Skolkovo Challenge contest.

February 2009 – Skolkovo signs a partnership agreements with MIT Sloan School of Management^[3], USA and with New Economic School (NES), Russia.

April 2009 – Skolkovo EMBA opens a new enrollment round. To-The-Point Roundtable series are open. Igor Shuvalov, First Vice-Prime Minister of Russia was a special guest of the first meeting.

Campus

All Skolkovo educational activities will take place at a new campus located in Skolkovo, Moscow Oblast, few kilometers west of Moscow. The concept and the project of the campus were conceived by well-known British architect David Adjaye and reflect, as he puts it, ideas of the great artist Kazimir Malevich^[4][5].

Architectural project of Skolkovo campus was presented within the Russian pavilion exposition at the 11th Venice biennale^[6][7]

Skolkovo campus represents a disk with four different-sized buildings located on its roof. The main building, the four-storey disk, will comprise lecture halls, conference halls, a food court and a library. Buildings on the roof are a dormitory, a hotel, an administrative building and a sports centre. A village for the faculty, technological centre and a helipad will also be located within the campus territory^[8].

Construction work on the Skolkovo Campus officially started on September 21, 2006.Skolkovo construction site video and webcam are available online. The opening of the campus is scheduled for September 2009^[9][10].

The campus is being constructed in the Odintsovo area, Moscow region, on Skolkovskoe highway. The total area of construction is about 26.5 ha, the total campus size is about 60,000 square meters.

The general overview render of the Skolkovo campus (currently under construction)

Academics

School rankings (overall)
Worldwide MBA
Economist[11]	NR
Financial Times[12]	NR

The Moscow School of Management is a member of following associations the Association to Advance Collegiate Schools of Business and the American Chamber of Commerce in Russia (AmCham).^{[citation needed]}

MBA

Skolkovo opens admission to first MBA class

Skolkovo's first class in 2009 was made up of 45 students. Duration of the MBA program is 16 months.^[13] Given Skolkovo's emphasis on learning by doing, each participant will be part of five projects in different fields:

• The Public Project involves analysis and submission of a proposal for development of either a particular geographic area, social infrastructure element or non-commercial organization in Russia.
• The International Project which takes place in India and/or China, is designed to provide students with hands-on experience in doing business in another business environment featuring cultural particularities.
• The Corporate Project is focused on a particular issue faced by an existing company.
• The USA Project allows to gain a fuller perspective by comparing business practices in vibrant economy such as Russia to those in more traditional economic systems.
• The Start-Up Project is dedicated to development of a business plan for implementation of an original idea, launch of a particular technology or technological innovation.

Executive MBA

Slogan of the Skolkovo Executive MBA Programm

Launched in 2009, the EMBA program's first class was made up of 25 students. The format of the 18-month programme will allow the participants to stay in a full-time working process. The programme consists of 16 modules, starting in January 2009, and ending in June 2010, including 1 seven-day international module in China.

The large part of the programme is devoted to Leadership Development. Leadership practice course begins with assessment 360, which results in producing an individual Leadership Development plan jointly by a programme participant and his or her coach. Leadership practice also includes team coaching, stress management and skills upgrade in such aspects as communication, presentation, negotiation, conflict management, motivation and others.

Executive education

The school's executive education is aimed at short-term open-enrollment and company specific. The participants are involved in group discussions and work together in plenary sessions, interactive exercises and are able to share their own experience.

Over 60 programmes targeted at senior managers and executives have been held for more than 1000 participants since the programme's launch in December 2006.

Research

Skolkovo research strategy and activities will be based on Centres of Excellence (COEs), with each of them focusing on a particular area of study and drawing its intellectual capital from different academic disciplines. The output performed by each centre will include publications that will be integrated into Skolkovo's educational programs.

Centres of Excellence (COEs):

• Skolkovo Institute for Emerging Market Studies (SIEMS) based in Beijing, China

Leading Think Tank on Fast-Moving Economies headed by Professor Seung Ho "Sam" Park

SIEMS aims to be a leading think tank on fast-moving economies, with a special emphasis on Russia, China, and India. The Institute focuses on providing guidance to the society, corporate managers, and policy makers through knowledge creation across a broad range of areas including macro economy and public policy, industry and technology, and corporate strategies.

• Skolkovo Infrastructure Research Centre (SIRC)

SIRC is moving quickly to inaugurate four streams of work on the broad landscape of infrastructure-related research in the developing world. These four initiatives are:

1. to launch deals with the issue of tertiary education in the developing world. The purpose of the initiative is to evaluate the performance of tertiary institutions in developing countries and develop the proper metrics for measuring the educational (i.e. both skill and capacity building) performance of these institutions;
2. to explore the growth and evolution of financial infrastructure in the developing world;
3. to design and start to populate a taxonomy of network configuration that sorts real-world experience using a variety of variables and aggregate consistent data over time on performance-related outcomes in developing economy environments;
4. to a distinctive macroeconomic line of approach to cutting-edge issues in the broad area of physical infrastructure in the developing world – roads, bridges, electricity grids, logistics systems, and the like. The research will focus on the so-called "smart" infrastructure, i.e. impeding extensive systems of information technology and sensors into such physical infrastructure. The results of this work will be made available through normal scholarly channels, including curriciulum development and seminars and conferences. Also, there will be equal emphasis on deploying SIRC research through hands-on workshops, advisory engagements, pedagogical interventions, “master classes,” and other such practitioner-focused activities.

Skolkovo research projects completed to date:

• "Skolkovo Rankings of Russian multinational enterprises" – a quantitative study of Russia's leading multinational enterprises, published in 2008 and 2007^[14][15][16].
• Concept development of the Federal University in Ural, Russia (2008)^[17].
• "Russian Capital Market. Facts and Events" – analytical review of Russia's capital market published two times a year. The project is prepared in cooperation with the National Association of Securities Market Participants (NAUFOR)^[18][19].

Operations

Skolkovo Endowment Fund

Moscow School of Management Skolkovo was the first Russian educational institution to establish an endowment fund (March 29, 2007). The idea behind an endowment fund is to provide long-term financing for charity and socially sensitive projects. In case of business schools endowment funds allow development of R&D programmes as well as financing scholarships and grants.

In the mid-term perspective the Fund is planned to accumulate USD 100 million.^[20] The first contribution to the Skolkovo Endowment Fund was made by PricewaterhouseCoopers and accounted for USD 3 million^[21]. Trust assets of the Endowment Fund are managed by VTB Asset Management and Bank of Moscow Asset Management Company.

Publishing programme

Books by Skolkovo and Alpina Business Books

In 2008 Moscow School of Management Skolkovo launched its publishing programme. Its principles and key approaches were formulated in 2007 together with a decision on the set of the major publishing products.

Now existing products published by Skolkovo include works of recognized business gurus translated into Russian, special editions of Russian authors in English as well as reviews on economic situation and market players' performance.

Alexander Prokhorov: The Russian Management Model – Hidden Reflections

In July 2008 together with Alpina Business Books publishing house, Skolkovo launched its first series of business literature^[22][23] in Russian that included books of world-renowned authors.

Skolkovo first publishing product in the English language appeared in March 2008. "The Russian Management Model: Hidden Reflections" a book by Alexander Prokhorov, issued in English, was presented in Singapore at the III Russia-Singapore Business Forum. Apart from releasing business literature items, Skolkovo cooperates with National Association of Securities Market Participants (NAUFOR) and publishes jointly prepared "Russian Capital Market. Facts and Events" review. Together with NAUFOR, Skolkovo plans to follow Russian capital market trends. Given the school's focus on international activities and, in particular, on emerging markets, Skolkovo is considering opportunities to conduct similar projects on financial markets in India and China in cooperation with the school's foreign partners.

People

Founders and administrators

Skolkovo Founders are 17 Russian and international individuals and businesses.^[24][25] The business include companies like Credit Suisse, GUM Trade Center, Severstal, TNK-BP, and Troika Dialog. The founding invdividuals include Alexander Abramov, Roman Abramovich, and Ruben Vardanian.

Faculty

Alumni

See also

• Association to Advance Collegiate Schools of Business (AACSB)
• European Foundation for Management Development (EFMD)

External links

• Official site
• National Priority Projects Programme: Education (in russian)
• Speech by Mr Goh Chok Tong, Senior Minister, at Skolkovo Business Forum
• Images of a Future School – Andrei Volkov about the problems and prospects of training managerial personnel
• Web camera on Skolkovo construction site
• Skolkovo construction site video
• Real life MBA for the emerging market

References

1. ^ Moscow's New School Looks West, Financial Times, September 17, 2006
2. ^ Press-release, RUSNANO Official site
3. ^ Skolkovo Stays on Track with MIT Link, Business Week, March 16, 2009
4. ^ [1]; Kommersant ("Коммерсантъ") № 176(3993), September 30, 2008 (in russian)
5. ^ [2]; The Times. Russia’s lessons in capitalism, November 16, 2008
6. ^ La Biennale di Venezia: Architecture: Russian Pavilion
7. ^ Skolkovo Campus Project Presented at 11th Venice Biennale, www.skolkovo.ru
8. ^ [3] Adjaye Associations
9. ^ [4]; www.skolkovo.ru
10. ^ "www.businessbecause.com/news-amp-features/skolkovo"
11. ^ "Which MBA". The Economist. 2011. http://www.economist.com/whichmba/full-time-mba-ranking. Retrieved 2011-10-16. 
12. ^ "Global MBA Rankings". Financial Times. 2011. http://rankings.ft.com/businessschoolrankings/global-mba-rankings-2011. Retrieved 2011-1-19. 
13. ^ Skolkovo FTMBA FAQs, www.skolkovo.ru
14. ^ Russian Firms Invest Abroad, The Moscow News
15. ^ Release of the Skolkovo-2008 ranking of Russian multinational enterprises, www.skolkovo.ru
16. ^ Release of the Skolkovo-2007 ranking of Russian multinational enterprises, www.skolkovo.ru
17. ^ Skolkovo Developed Concept of Urals Federal University, www.skolkovo.ru
18. ^ [5]; "Russian Capital Market. Facts and Events"-2007, www.skolkovo.ru
19. ^ "Russian Capital Market. Facts and Events"-2008, www.skolkovo.ru
20. ^ News from the schools, February 2008, Economist.com
21. ^ New Founding Partners join the Project, PR-inside.com
22. ^ Skolkovo and Alpina Business Books Launch a Joint Publishing Project, PR-inside.com
23. ^ [6]; E-Perspektiva.com (in russian)
24. ^ Moscow's Soon-to-Be Global B-School, Business Week, March 31, 2008
25. ^ Russia Launches New Elite Business Schools, RussiaBlog

Coordinates: 55°41′34″N 37°23′08″E / 55.6926638989°N 37.3854888989°E / 55.6926638989; 37.3854888989