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2 Bocconi University: a strategy for change 8 July 2005 Mario Monti President

3 “Innovative education and scientific research in the areas of economics, management and law” Key values Independence and autonomy Social responsibility Pluralism of cultures and ideas Adhesion to the principles of an open society Strong link between theoretical research and operating practices Striving towards excellence and innovation The Bocconi mission Key values Independence and autonomy Social responsibility Pluralism of cultures and ideas Adhesion to the principles of an open society Strong link between theoretical research and operating practices Striving towards excellence and innovation

4 Change: from 1902 to today Size Progressive expansion of the programs offered: greater typology of courses, for a greater number of students (around 12,000 today). It has thus expanded its resources and facilities. Content Expanded its scientific/educational interests: development of law subjects, broader focus on the areas of technology, art and creativity Market From a Lombard university to a national university, open to every international challenge. Foreign students enrolled account for 7.2% of the total (2.59% is the Italian average) Size Progressive expansion of the programs offered: greater typology of courses, for a greater number of students (around 12,000 today). It has thus expanded its resources and facilities. Content Expanded its scientific/educational interests: development of law subjects, broader focus on the areas of technology, art and creativity Market From a Lombard university to a national university, open to every international challenge. Foreign students enrolled account for 7.2% of the total (2.59% is the Italian average)

5 Knowledge is the critical factor in the new international competition: the well-being and growth of our socio-economic system depend on it A rapidly changing scenario The world’s leading countries have the highest investment in university research and education; emerging countries are also investing strategically in university development and expansion Among the enduring structural knots of university: the governance of the system and of single universities, the recruitment and career of professors, the legal value of degrees Italy has structural problems among which are highlighted scarce competition, scarce investments in, and quality of, research and education Knowledge is the critical factor in the new international competition: the well-being and growth of our socio-economic system depend on it The world’s leading countries have the highest investment in university research and education; emerging countries are also investing strategically in university development and expansion Among the enduring structural knots of university: the governance of the system and of single universities, the recruitment and career of professors, the legal value of degrees Italy has structural problems among which are highlighted scarce competition, scarce investments in, and quality of, research and education

6 What role to play in the competition between European and worldwide universities? The impact on Bocconi’s choices What function with regards to the national socio- economic system? How and in what areas of research should it be competitive? Which educational and training model should be offered to young people and the labor market? In view of which growth estimates for the country and the economy? Which segments and educational levels to focus on? And how? What role to play in the competition between European and worldwide universities? What function with regards to the national socio- economic system? How and in what areas of research should it be competitive? Which educational and training model should be offered to young people and the labor market? In view of which growth estimates for the country and the economy? Which segments and educational levels to focus on? And how?

7 Bocconi believes it must create a transparent system in which young people can study, work and further their careers. A system based on market culture and merit-based culture. The Bocconi challenge: a merit-based culture and competitiveness Bocconi wants to change, internally: the modes for recruiting professors assessment criteria for research and teaching the modes of access for deserving students student selection criteria Bocconi believes it must create a transparent system in which young people can study, work and further their careers. A system based on market culture and merit-based culture. Bocconi wants to change, internally: the modes for recruiting professors assessment criteria for research and teaching the modes of access for deserving students student selection criteria

8 Have Europe as: The Bocconi challenge: To be a European university a reference area for recruiting students; labor market; partnerships a system of relationships: institutional and economic a cultural context in which it can develop its educational and research activities a reference area for recruiting students; labor market; partnerships a system of relationships: institutional and economic a cultural context in which it can develop its educational and research activities

9 Stimulate the quality of research and education The Bocconi challenge: contribute to the growth of the nation Spread a culture of responsibility and based on merit Sustain the competitiveness of the system Promote identification with Europe Stimulate the quality of research and education Spread a culture of responsibility and based on merit Sustain the competitiveness of the system Promote identification with Europe

10 A strategic ten-year plan to guide the change at the university from now until A great effort which has: involved all components of Bocconi (professors, administrative staff) rethought completely, in view of the new objectives, the organisational structures, the functional and operative modes Bocconi’s answer A strategic ten-year plan to guide the change at the university from now until A great effort which has: involved all components of Bocconi (professors, administrative staff) rethought completely, in view of the new objectives, the organisational structures, the functional and operative modes

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12 Bocconi University: the new strategic plan 8 July 2005 Angelo Provasoli Rector

13 Competitiveness: ensure we are in line with best international practices Social responsibility: train young people who can contribute to social development, in keeping with the principles of meritocracy and market culture Exchange: establish open, stable relations with the European economic, scientific and institutional community Sustainability: ensure the university’s economic and financial equilibrium Bocconi’s new strategic plan: the guiding principles Competitiveness: ensure we are in line with best international practices Social responsibility: train young people who can contribute to social development, in keeping with the principles of meritocracy and market culture Exchange: establish open, stable relations with the European economic, scientific and institutional community Sustainability: ensure the university’s economic and financial equilibrium

14 Faculty: qualitative and quantitative strengthening Courses offered: new programs of international level at all grades Research: production of socially useful knowledge Relations with stakeholders: involve the business community in the fulfillment of strategic projects Areas of change Faculty: qualitative and quantitative strengthening Courses offered: new programs of international level at all grades Research: production of socially useful knowledge Relations with stakeholders: involve the business community in the fulfillment of strategic projects

15 Increase the stable presence of professors with international experience –recruiting on the international job market –visiting professor program The faculty Incentive young people’s scientific growth in research and teaching –chairs for special initiatives –internal career paths Improve transparency and tools used in assessing scientific and teaching merit –independent assessment committees –international assessment criteria Increase the stable presence of professors with international experience –recruiting on the international job market –visiting professor program Incentive young people’s scientific growth in research and teaching –chairs for special initiatives –internal career paths Improve transparency and tools used in assessing scientific and teaching merit –independent assessment committees –international assessment criteria

16 International study programs, major investment in graduate and Ph.D. courses 3-year undergraduate programs: solid learning base 2-year graduate and master programs: specialized education appropriate for the highest requirements of the labor market More English-language classes in all degree programs More integration of research within teaching programs More flexibility in educational paths and more options for students in making informed, responsible choices Social equality - access to university for excellent students, independently of economic means. Degrees and courses offered International study programs, major investment in graduate and Ph.D. courses 3-year undergraduate programs: solid learning base 2-year graduate and master programs: specialized education appropriate for the highest requirements of the labor market More English-language classes in all degree programs More integration of research within teaching programs More flexibility in educational paths and more options for students in making informed, responsible choices Social equality - access to university for excellent students, independently of economic means.

17 Provide incentives to produce international, high-level pure research that is recognized by the scientific community Stimulate applied research that is useful for improving the economic system and business competitiveness Enhance the best abilities and skills available in the university and stimulate the growth of new ones Create synergies and critical mass (Centers of Excellence) Perfect methods to assess research results, in line with recognized international standards. Research Provide incentives to produce international, high-level pure research that is recognized by the scientific community Stimulate applied research that is useful for improving the economic system and business competitiveness Enhance the best abilities and skills available in the university and stimulate the growth of new ones Create synergies and critical mass (Centers of Excellence) Perfect methods to assess research results, in line with recognized international standards.

18 An even stronger commitment from Bocconi within society and in favor of its reference community, to work together for development and competitiveness Working relationships and partnerships with businesses and institutions Involvement of the private sector in strategic projects in both high-level research and education/training Bocconi University and its stakeholders An even stronger commitment from Bocconi within society and in favor of its reference community, to work together for development and competitiveness Working relationships and partnerships with businesses and institutions Involvement of the private sector in strategic projects in both high-level research and education/training

19 International programs in English -Economics -Business administration and management -Finance -Statistics Programs connected with specific national areas and consequent institutional restrictions -Business law Specialized annual courses providing highly professional qualifications, able to ensure immediate employment opportunities 6 courses in English aimed at the international market 6 courses in Italian aimed primarily at three- year graduates in non- economics subjects International courses -Finance -Economics and social sciences -International management -Economics and management of innovation and technology -Law and economics General management courses -Management Practical courses -Marketing management -Administration, finance and control -Law and business administration -Law Special sector courses -Economics: markets and financial institutions -Public administration and international institutions Degree courses with common methodological and subject base (divided into 3 semesters) -Economics and Social sciences -Business administration -Economics and finance Degree courses with specific curricula -Economics and management of arts, culture and communications -Legal studies Degree courses for the international market - International economics and management Ph.d.MasterGraduateUndergraduate The new offer of programs from 2006/07 Ph.d.MasterGraduateUndergraduate

20 Italian-Chinese University (with Politecnico of Milan and of Turin, Luiss of Rome, Fudan University and Tongji University) Curriculum development in brand building & fashion management (with Essec Paris and Fudan University) Business school in Morocco (with Hec, Ceram and Euromed Marseilles) Projects 1 undergraduate program for the international market 3 graduate programs in English 4 Ph.D in English 6 masters (pre- experience) in English 15% of enrolled students from abroad 50 stable foreign professors every year recruited on the job market 130 visiting professors 3-year undergraduate: -Central European University, Budapest 2-year graduate: -Erasmus University Rotterdam -Hec, Paris -Esade Barcellona -Universitat St. Gallen -Copenhagen Business School -Stockholm School of Economics NumberDouble degrees Bocconi’s international dimension ProjectsNumberDouble degrees

21 1)Student population to reach 11,000 (of which 7,440 undergraduate and 3,560 graduate) 2)Increase in foreign students from 7% to 15% of the total (50% in international classes) Students 1)220,000 square meters 2)97 lecture halls and laboratories seating 11,800 3)1,800 study desks 4)One 1,000-seat great hall, 5 seminar halls seating total of 600 5)2000 work stations and 55 meeting rooms 6)accommodation for )35% increase in tenured positions 2)Teaching staff to be made up of 80% internal professors and 20% external professors 3) 50 fixed foreign professors FacilitiesLa faculty The new Bocconi: figures in 2010 StudentsFacilitiesLa faculty

22 Europe Social responsibility Merit-based culture Competitiveness The new Bocconi: key words Europe Social responsibility Merit-based culture Competitiveness

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