Moscow School of Management SKOLKOVO

The Skolkovo School of Management is a graduate

Graduate school

A graduate school is a school that awards advanced academic degrees with the general requirement that students must have earned a previous undergraduate degree...

business school

Business school

A business school is a university-level institution that confers degrees in Business Administration. It teaches topics such as accounting, administration, economics, entrepreneurship, finance, information systems, marketing, organizational behavior, public relations, strategy, human resource...

located near Skolkovo, Moscow Oblast

Skolkovo, Moscow Oblast

Skolkovo is a rural locality in Odintsovsky District of Moscow Oblast, Russia, located west of MKAD near the Setun River. Population: 325 .The village has been known since the 16th century...

, 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

German Gref

German Oskarovich Gref , born February 8, 1964) is a Russian economist of German ethnicity, the founder of Center of the Strategic Development. He was the Minister of Economics and Trade of Russia from May 2000 to September 2007...

, then-Russian Minister for Economic Development and Trade, and Presidential Administration officials.

2005 – Ruben Vardanian

Ruben Vardanian

Ruben Vardanian is Chairman of the Board of Directors and CEO of the Troika Dialog Group. He has worked at Troika Dialog since it was founded and has been head of the company since 1992...

, Chairman of the Board of Directors and CEO of Troika Dialog Group

Troika Dialog

Troika Dialog is an independent full service integrated investment bank and asset management firm in Russia and the CIS. Since the company’s founding in 1991, Troika Dialog has developed its core lines of business: securities sales and trading, investment banking, private wealth and asset...

, invites a group of like-minded entrepreneurs to participate in the project.
2006 – A meeting is held between the Russian businessmen and then-President Vladimir Putin

Vladimir Putin

Vladimir Vladimirovich Putin served as the second President of the Russian Federation and is the current Prime Minister of Russia, as well as chairman of United Russia and Chairman of the Council of Ministers of the Union of Russia and Belarus. He became acting President on 31 December 1999, when...

. 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

Cornerstone

The cornerstone concept is derived from the first stone set in the construction of a masonry foundation, important since all other stones will be set in reference to this stone, thus determining the position of the entire structure.Over time a cornerstone became a ceremonial masonry stone, or...

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

Financial endowment

A financial endowment is a transfer of money or property donated to an institution. The total value of an institution's investments is often referred to as the institution's endowment and is typically organized as a public charity, private foundation, or trust....

is registered.

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

Dean (education)

In academic administration, a dean is a person with significant authority over a specific academic unit, or over a specific area of concern, or both...

Andrei Volkov as Dean.

October–December 2007 – Skolkovo presents its first research projects: the report on Russian Capital Market

Capital market

A capital market is a market for securities , where business enterprises and governments can raise long-term funds. It is defined as a market in which money is provided for periods longer than a year, as the raising of short-term funds takes place on other markets...

with NAUFOR and the ranking of Russian multinational enterprises

Multinational corporation

A multi national corporation or enterprise , is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation...

.

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

Emerging markets

Emerging markets are nations with social or business activity in the process of rapid growth and industrialization. Based on data from 2006, there are around 28 emerging markets in the world . The economies of China and India are considered to be the largest...

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.
October 2008 – Russia's largest bank, Sberbank

Sberbank

Sberbank Rossii is the largest bank in Russia and Eastern Europe. The company's headquarters are in Moscow and its history goes back to Cancrin's financial reform of 1841...

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

Venture capital

Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...

Skolkovo-RUSNANO is announced.

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

MIT Sloan School of Management

The MIT Sloan School of Management is the business school of the Massachusetts Institute of Technology, in Cambridge, Massachusetts....

, USA and with New Economic School (NES)

New Economic School

New Economic School, NES is a graduate school of economics in Moscow, Russia.-Alumni and students:...

, Russia.

April 2009 – Skolkovo EMBA opens a new enrollment round. To-The-Point Roundtable series are open. Igor Shuvalov

Igor Shuvalov

Igor Ivanovich Shuvalov is a Russian lawyer and politician. He currently serves as First Deputy Prime Minister in Vladimir Putin's Second Cabinet. According to the order of Prime Minister Vladimir Putin, he is to perform the duty of Prime Minister when Putin is out of office...

, 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

Skolkovo, Moscow Oblast

Skolkovo is a rural locality in Odintsovsky District of Moscow Oblast, Russia, located west of MKAD near the Setun River. Population: 325 .The village has been known since the 16th century...

, few kilometers west of Moscow. The concept and the project of the campus were conceived by well-known British architect David Adjaye

David Adjaye

David Adjaye OBE is a British architect.-Early life:David Adjaye was born in Dar es Salaam, Tanzania. The son of a Ghanaian diplomat who has lived in Tanzania, Egypt, Yemen and Lebanon before moving to Britain at the age of nine, he led a privileged life and was privately educated...

and reflect, as he puts it, ideas of the great artist Kazimir Malevich

Kazimir Malevich

Kazimir Severinovich Malevich was a Russian painter and art theoretician, born of ethnic Polish parents. He was a pioneer of geometric abstract art and the originator of the Avant-garde Suprematist movement.-Early life:...

.

Architectural project of Skolkovo campus was presented within the Russian pavilion exposition at the 11th Venice biennale

Venice Biennale

The Venice Biennale is a major contemporary art exhibition that takes place once every two years in Venice, Italy. The Venice Film Festival is part of it. So too is the Venice Biennale of Architecture, which is held in even years...

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.

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.

The campus is being constructed in the Odintsovo

Odintsovo

Odintsovo is a city in Moscow Oblast, Russia. Population: Town status was granted to it in 1957.-History:The village of Odintsovo was formed in the late 14th century. The famous story among the Odintsovians is about the noble named Andrey Odinets.Odintsovo is a city in Moscow Oblast, Russia....

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.

Academics

The Moscow School of Management is a member of following associations the Association to Advance Collegiate Schools of Business

Association to Advance Collegiate Schools of Business

The Association to Advance Collegiate Schools of Business was founded in 1916 to accredit schools of business worldwide. The first accreditations took place in 1919. The stated mission is to advance quality management education worldwide through accreditation and thought leadership. It is regarded...

and the American Chamber of Commerce in Russia

American Chamber of Commerce in Russia

American Chamber of Commerce in Russia is a non-government, non-for-profit, corporate-membership business association. Incorporated in the U.S., affiliated with the U.S. Chamber of Commerce , operates in Russia as a Representative Office accredited by the Chamber of Commerce and Industry of the...

(AmCham).

MBA

Skolkovo's first class in 2009 was made up of 45 students. Duration of the MBA program is 16 months. 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
Non-profit organization
Nonprofit organization is neither a legal nor technical definition but generally refers to an organization that uses surplus revenues to achieve its goals, rather than distributing them as profit or dividends...

in Russia.
The International Project which takes place in India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...

and/or China, is designed to provide students with hands-on experience
Experiential education
Experiential education is a philosophy of education that describes the process that occurs between a teacher and student that infuses direct experience with the learning environment and content. The term is mistakenly used interchangeably with experiential learning...

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 system
Economic system
An economic system is the combination of the various agencies, entities that provide the economic structure that defines the social community. These agencies are joined by lines of trade and exchange along which goods, money etc. are continuously flowing. An example of such a system for a closed...

s.
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
Innovation
Innovation is the creation of better or more effective products, processes, technologies, or ideas that are accepted by markets, governments, and society...

.

SKOLKOVO MBA Admissions process is different from traditional Business Schools. The candidates are advised to prepare a video presentation instead of traditional essays. This would allow SKOLKOVO MBA Admissions team to evaluate the candidate's motivation to join the SKOLKOVO Community. After evaluating the candidate with video presentation, a personal interview is conducted by SKOLKOVO’s directors, founding partners and Alumni. The interview is conducted in a non-structured way.

Executive MBA

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

360-degree feedback

In human resources or industrial/organizational psychology, 360-degree feedback, also known as multi-rater feedback, multisource feedback, or multisource assessment, is feedback that comes from all around an employee. "360" refers to the 360 degrees in a circle, with an individual figuratively in...

, 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

Stress management

Stress management is the alteration of stress and especially chronic stress often for the purpose of improving everyday functioning.Stress produces numerous symptoms which vary according to persons, situations, and severity. These can include physical health decline as well as depression. According...

and skills upgrade in such aspects as communication, presentation, negotiation

Negotiation

Negotiation is a dialogue between two or more people or parties, intended to reach an understanding, resolve point of difference, or gain advantage in outcome of dialogue, to produce an agreement upon courses of action, to bargain for individual or collective advantage, to craft outcomes to satisfy...

, conflict management

Conflict management

Conflict management involves implementing strategies to limit the negative aspects of conflict and to increase the positive aspects of conflict at a level equal to or higher than where the conflict is taking place. Furthermore, the aim of conflict management is to enhance learning and group outcomes...

, motivation

Motivation

Motivation is the driving force by which humans achieve their goals. Motivation is said to be intrinsic or extrinsic. The term is generally used for humans but it can also be used to describe the causes for animal behavior as well. This article refers to human 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 session

Plenary session

Plenary session is a term often used in conferences to define the part of the conference when all members of all parties are to attend.These sessions may contain a broad range of content from keynotes to panel discussions and are not necessarily related to a specific style of delivery.The term has...

s, 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

Macroeconomics

Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of the whole economy. This includes a national, regional, or global economy...

and public policy

Public policy (law)

In private international law, the public policy doctrine or ordre public concerns the body of principles that underpin the operation of legal systems in each state. This addresses the social, moral and economic values that tie a society together: values that vary in different cultures and change...

, industry and technology, and corporate strategies

Strategic management

Strategic management is a field that deals with the major intended and emergent initiatives taken by general managers on behalf of owners, involving utilization of resources, to enhance the performance of ﬁrms in their external environments...

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:

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;
to explore the growth and evolution of financial infrastructure in the developing world;
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;
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
Multinational corporation
A multi national corporation or enterprise , is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation...

" – a quantitative
Quantitative research
In the social sciences, quantitative research refers to the systematic empirical investigation of social phenomena via statistical, mathematical or computational techniques. The objective of quantitative research is to develop and employ mathematical models, theories and/or hypotheses pertaining to...

study of Russia's leading multinational enterprises, published in 2008 and 2007.
Concept development of the Federal University in Ural
Urals Federal District
Ural Federal District is one of the eight federal districts of Russia. The district was established on 13 May 2000 by a decree of the President of Russia. The district is mostly located in the geographical region of Ural, but also includes some parts of the Volga Region; its extent is different...

, Russia (2008).
"Russian Capital Market. Facts and Events" – analytical review of Russia's capital market
Capital market
A capital market is a market for securities , where business enterprises and governments can raise long-term funds. It is defined as a market in which money is provided for periods longer than a year, as the raising of short-term funds takes place on other markets...

published two times a year. The project is prepared in cooperation with the National Association of Securities Market Participants (NAUFOR).

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. The first contribution to the Skolkovo Endowment Fund was made by PricewaterhouseCoopers and accounted for
USD 3 million. Trust assets of the Endowment Fund are managed by VTB Asset Management and Bank of Moscow Asset Management Company.

Publishing programme

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.

In July 2008 together with Alpina Business Books publishing house, Skolkovo launched its first series of business literature 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.

Founders and administrators

Skolkovo Founders are 17 Russian and international individuals and businesses. The business include companies like Credit Suisse

Credit Suisse

The Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.-History:...

, GUM Trade Center, Severstal

Severstal

OAO Severstal Russian: Северсталь, "Northern Steel") is a Russian company mainly operating in the steel and mining industry, centred in the northern city of Cherepovets. Severstal is listed on the RTS and LSE. As of 2009, it is the largest steel company in Russia according to The Metal Bulletin....

, TNK-BP

TNK-BP

TNK-BP is a major vertically integrated Russian oil company. It is Russia's third largest oil producer and among the ten largest private oil companies in the world. TNK-BP is Russia's third largest oil company in terms of reserves and crude oil production...

, and Troika Dialog

Troika Dialog

. The founding invdividuals include Alexander Abramov

Alexander Abramov

Alexander Abramov is a former scientist who became an industrial magnate as head of EvrazHolding, Russia's largest steel producer. Beginning in 1998, he has amassed the largest steel and iron empire in Russia, which employs 125,000 people, controls about 22 percent of the country's total steel...

, Roman Abramovich

Roman Abramovich

Roman Arkadyevich Abramovich is a Russian businessman and the main owner of the private investment company Millhouse LLC.In 2003, Abramovich was named Person of the Year by Expert, a Russian business magazine. He shared this title with Mikhail Khodorkovsky...

, and Ruben Vardanian