Leadership, entrepreneurship and stewardship

NYENRODE
BUSINESS
UNIVERSITEIT
2012 Year Overview
Leadership, Entrepreneurship and Stewardship
Nyenrode. A reward for life
conte nt s
A word from the Rector
3
The Nyenrode Trinity – Leadership, Entrepreneurship and Stewardship
5
Responsible education
7
Research and publications
12
Career and Personal Development Journey
14
Getting alumni involved
18
Reducing our environmental impact
21
Impact on local and global communities
23
Benchmarks and achievements
31
Organization33
Closing remarks from the President
35
2
A word from
the Rec tor
‘The Breakthrough to a Graduate Culture’ is the title of the last
annual report, dating from 1988, of what was still known as Nijenrode
– The Netherlands School of Business. Although Accountancy &
Controlling still issued year overviews until as recently as last year
describing the developments in this part of our organization, the last
actual annual reports to cover the entire institute of Nyenrode date
from the late eighties. Starting this year, that is to change, because the
organization itself has expressed a wish to allow the outside world to
catch a glimpse of our institute. Accordingly, here is an year overview
that concerns the whole of Nyenrode and presents our principles, our
aims, our achievements and our ambitions.
2012 was an eventful year. Firstly, we concluded the festive anniversary
year of 2011-2012 in which we celebrated 65 years of Nyenrode.
Moreover, the Equis accreditation- crucially important to us- was
renewed at the end of 2012 for another three-year period. In addition,
on campus, we opened the LEArN Center, a factory/office environment
in which business employees can learn to conduct their business more
smartly, more efficiently and with more focus on their clients. Another
development is the partnership with Study Group, an organization that
provides pre-degree courses on campus for foreign students. For the
first time in years, we have re-installed the position of Dean of Campus
to help create a pleasant study and work climate on campus. And, last
but not least, Professor Maurits van Rooijen resigned from his position
as Rector Magnificus in 2012. In recent years, he molded his vision for
the future of Nyenrode clearly and advancing the university.
As I only accepted this position towards the end of 2012, I cannot say
that I have contributed much to the achievements described in this year
overview. I would like to thank everyone who has contributed to the
welfare of our institute in this period and I hope that this year overview
will launch a new tradition that will continue for many years to come.
Miša Džoljić
Rector Magnificus & CEO
3
At Nyenrode, we try to
make a difference, with
one foot in science and
the other in practice.
We help people to be
successful and stress
that this can only be
done with an eye for the
bigger picture. Nyenrode
is a small organization.
You meet at lot of
enthusiastic colleagues
trying to turn ideas into
success with their own
expertise. Nyenrode
offers opportunities.
We are challenged to
look beyond “That’s
not my responsibility”.
A good idea does not
have to stay a good idea;
people like to help you
turn it into a successful
project.
Edgar Karssing
(Associate Professor
at the European Institute
for Business Ethics)
4
The Ny enrode
Trinit y – Le adership,
Entrepre neurship
and S te wardship
Nyenrode was founded in 1946 by leading Dutch businesses – including AKZO Nobel, Philips, Unilever and Shell with the clearly stated purpose of creating a generation of new business leaders who were of action with an international
orientation. Its original name was Het Nederlands Opleidings-Instituut voor het Buitenland (NOIB - the ‘Dutch Business
Institute for Overseas’). The vast majority of the bright young men passing through its gates were sent abroad to work
for companies that were Dutch based, but with an international focus and drive. This background is still evident in our
current mission statement:
Nyenrode’s mission is to fill the need of the national and international business community for
high quality and sustainable leaders and entrepreneurs, knowledge and innovative ideas.
Nyenrode’s mission is also embraced in the three core values Leadership, Entrepreneurship and Stewardship (the LES
trinity). These values go back to Nyenrode’s roots and have been embedded in our identity since our foundation. This
trinity guides all activities at Nyenrode.
•Leadership is the ability to take the lead in any circumstance; to inspire others and to change their behavior to the
benefit of all. Leadership requires recognition of the beliefs, values and needs of the followers.
•Entrepreneurship is the ability to successfully pursue opportunities in an innovative way. It requires a mindset open
to innovation and risk-taking in order to remain competitive in an ever-changing marketplace.
•Stewardship makes the difference between good and ineffective leadership and entrepreneurship by adding a sense
of responsibility and care to our activities. Stewardship concerns the moral compass: what you do should reflect
what the system in which you work/study needs. Stewardship is built on corporate responsibility, sustainability
and integrity, bringing social and environmental issues to the business agenda. People who embrace the concept of
stewardship are working for the common interests of the community.
Embedding Leadership, Entrepreneurship and Stewardship means, in addition to building (evidence based) knowledge –
the core competence of a university -, a focus on the personal skills, attitudes and characteristics of participants in our
programs.
5
We are aiming to be a global university recognized for the integration of leadership, entrepreneurship and stewardship.
This ambition has important consequences for the main functions of our business school:
• We remain open to new perspectives and insights!
Our education is fundamentally based on an understanding of how business is part of society and what kinds of
changes are needed in order to achieve a sustainable business economy. This contradicts many unquestioned
assumptions about current business life. Therefore, we will continuously improve our education as well as state of
the art research to gain the latest insights into developments in business.
•
We will engage, challenge and inspire!
Many students and participants in our programs already have a strong sense of social values and personal
convictions. In our educational programs, we can build on this awareness by inspiring them, showing how important
these values are also – or maybe even particularly – in a business context. This requires innovative approaches to
engage, challenge and inspire students with respect to their personal development as well as involving alumni in our
current activities.
We want to create a positive impact!
•
The impact of studying at Nyenrode is not limited to the educational and research activities themselves: It is a
reward for life! And the impact we have is also not limited to the communities in and around Nyenrode: we aim for
educating global citizens.
This year overview is structured in accordance with these distinct topics. In each chapter we shall present the results so
Far. We also focus on the main challenges and some of the highlights achieved in 2012 or in the academic year 2011-2012.
Nyenrode:
A Reward for Life
To be a high quality, trend-setting and internationally relevant university that is reputed
for the integration of Leadership, Entrepreneurship and Stewardship
Remain open
to new perspectives
Responsible
education
Research and
publications
Engage, challenge and inspire
Personal
development in
all our programs
Alumni
involvement
6
Create positive impact
Reducing
environmental
impact
Local and global
communities
Resp onsible educ ation
Our vision
In recent years, our society faced the most severe financial crisis since the great depression. People question the
morality of business schools for this crisis too. The business schools are sometimes said to have focused too much
on students’ short-term thinking. Therefore, it is very important that we reveal our progress in the education of our
students and the development of their long-term views. That is why stewardship is a key element within our core values.
Stewardship is actually not a new core value as it was already integrated with the university from the beginning. For
example, Nyenrode created the first Chairs in Business Ethics and in Business Spirituality in Europe. We believe students
should be educated to be independently thinking creatures. Nyenrode is not just a university but an educational institute
that helps to shape the balance between body and mind. Stimulating students to question things and encouraging them
to walk the path towards solutions together. The future is not known, therefore, we need to provide students with the
equipment to help them to make the right decisions. A good example of this is our emphasis on ‘The Robust Professional’,
who is able to confront difficult circumstances and still stand firm. We make sure that all our educational policies are in
line with the United Nations Principles for Responsible Management Education (PRME).
In the past academic year, two students of the Part Time MSc program examined the integration of the LES trinity with
each educational program at Nyenrode. Their study shows that all programs have started dialogues with students about
what the values of Leadership, Entrepreneurship and Stewardship mean to them and have linked the end terms of the
program to the LES trinity. In most programs, there are also dedicated courses on leadership, entrepreneurship and
stewardship and some programs like the BBA and MSc in Management have achieved the integration of these values into
every course.
Nyenrode educates its students to be global citizens and leaders who can make a difference in the future as unknown
problems arise. Not only do our students come here to learn, they strive to evolve as humans and as social beings.
These students regard studying at Nyenrode and becoming part of Nyenrode’s network as the most important steps in
their career. Moreover, it is clear that the companies and organizations that employ our students greatly appreciate this
spirit and accordingly the new corporate campaign focuses on this message. This campaign targets our most important
stakeholders: the students, showing them how impressive the path is to becoming part of the Nyenrode community;
it is not always an easy one - in fact, it is often a very tough road to walk. But it is worth the effort, which is why we say
‘A reward for life!’.
7
This is a list of our degree courses.
degree programs
program
director
Bachelor of Science in Accountancy
Olof Bik
Bachelor in Business
Administration (BBA)
Ben Wijering,
Timo Timmerman
& Gert Meijer
Master of Science in Controlling
Jan Bots
Master of Science in Accountancy
& Post Master RA
Olof Bik
Executive Master of Finance and
Control (EMFC/RC)
Jan Bots
Master of Science (Part-time)
Ger Zwartendijk
Master of Science (Full-time)
André Nijhof
International Master in Business
Administration (IMBA)
Désirée van Gorp
Executive Master in Business
Administration (EMBA)
Désirée van Gorp
Modular Master in Business
Administration in Food & Finance
(MBAFF)
Marcel Creemers
& Jaap Schaveling
Modular Master in Business
Administration in Public & Private
(MBAPP)
Marcel Creemers
& Jaap Schaveling
Modular Master in Business
Administration in Business & IT
(MBABIT)
Marcel Creemers
& Jaap Schaveling
Executive Doctoral Program (EDP)
Ad Kil
Nyenrode has ten academic centers which are responsible for
education and research.
These centers are:
centers
center
director
Auditing & Assurance
Barbara Majoor
Accounting Information Systems
Fred de Koning
Entrepreneurship & Stewardship
Henk Kievit
Financial Reporting & Tax
Henk Langendijk
Leadership & Management
Development
Lidewey van der
Sluis/Rob Blomme
Management Accounting &
Control
Roland Speklé
Marketing & Supply Chain
Management
Kitty Koelemeijer
Corporate Governance and Law
Mijntje Lückerath
Finance
Dennis Vink
Strategy
Christopher Voisey
8
Highlights
Facts & Figures
• In 2012, about 4,080 students were following one of the degree programs at Nyenrode Business
Universiteit. Most of them studied part-time at Nyenrode. Full-time Nyenrode students live on the
Nyenrode campus.
• Nyenrode has ten different master’s programs, MBA or post master’s degrees in Management, Law,
Accountancy or Controlling.
• Nyenrode offers two bachelor’s degrees: the Bachelor of Science in Accountancy and via Nyenrode New
Business School Amsterdam a Bachelor in Business Administration.
• In customized executive education, supplying 36 customized programs in 2011-2012, Nyenrode is the
Dutch market leader. Furthermore, Nyenrode supplied 79 open enrollment programs, contributing to the
education of 7,500 executives in 2011-2012.
Executive Doctorate Program
In November 2010, the Executive Board decided to start an Executive Doctorate Program (EDP), a taught doctorate
that provides students with additional structure to support the learning process for a doctoral degree. The program is
intended for professionals who want to combine their PhD research with their daily work. In 2011, Nyenrode launched an
Executive Doctorate Program for one group of students in the Netherlands. Nyenrode also entered into a partnership
with the Nordic International Management Institute (NIMI) in China where another group started this program in 2012.
Study Group Students on the Nyenrode Campus
As part of Nyenrode’s internationalization strategy, we set up a partnership with Study Group in March 2012. Study
Group is an international company with branches in 40 countries and is specialized in Degree Preparation Education. The
programs managed by Study Group in the Netherlands are provided by the ‘Holland International Study Centre’ on the
campus of Nyenrode. Study Group students follow various degree preparation programs that solve any English language
or academic deficiencies they have, after which they will continue their studies at Bachelor’s/Master’s levels at Nyenrode
or another Higher Education Institution in the Netherlands. The first international Study Group students on the Nyenrode
campus arrived in the fall of 2012. The students live on the campus of Nyenrode during their course.
Opening of LEArN Center
On Monday, October 8, 2012, Dr. Jim Womack, the Founder and Senior Advisor of the Lean Enterprise Institute
and international authority on the subject of LEAN, officially opened the LEArN Center on the Nyenrode Estate. LEAN
encapsulates methods and techniques for avoiding waste during the production process. LEArN stands for LEAN Education
and Research Network. The initiative was launched by ABN AMRO, Achmea, Nyenrode Business Universiteit and McKinsey
& Company to develop research, knowledge and experience relating to LEAN and to share this with each other and with
society. The initiators intend to use the center to help strengthen the competitive position of Dutch companies, which
has been Nyenrode’s mission since its foundation in 1946.
9
Three Honorary Doctorates in 2012
To commemorate its 65th anniversary, Nyenrode
conferred an honorary doctorate on Sri Sri Ravi Shankar on
June 15th, 2012. Sri Sri Ravi Shankar is generally recognized
as one of the most influential spiritual leaders of the present
day. With his spiritual techniques, interventions and advice,
he reaches a large section of the population – from students
to world leaders. Thanks to his open and practical approach
to spirituality, the subject is now more firmly on the agenda
of businesses large and small throughout the whole world.
The previous day, on June 14th, the businessman Jan Aalberts
also received an honorary doctorate. As the founder
Nyenrode is like my
better half because I
am encouraged and
supported to be a
better person, both
professionally and
personally. More
importantly, Nyenrode
puts a smile on my face
and makes me happy all
day, every day.
Yoony Kim
(International
Marketing Manager)
and President of Aalberts Industries, this thoroughbred
entrepreneur built up his business to become a quoted
company with over 150 locations in Europe, North America
and Asia. Aalberts Industries is now an international specialist
in Industrial Services and Flow Control and has recorded
uninterrupted growth in turnover and profitability for several
decades.
A third honorary doctorate was conferred during the opening
of the new academic year. Cultural entrepreneur Joop van
den Ende received his honorary doctorate from Nyenrode
on September 10, 2012. Although Joop van den Ende is best
known for the production of musicals, films, TV shows and
television drama, he has also made a name for himself in
theater construction and as a patron of the arts. Van den Ende
has become a household name in relation to international
media and theater.
Transformation Project De Luiken Open
(Opening the Shutters)
Society needs robust auditors and controllers, who
not only have the essential knowledge but can also convey
that knowledge to others; people who will stand firm if
necessary and not hide behind the rules. To better meet
these expectations, Nyenrode has started a transformation
project called Opening the Shutters (‘De Luiken Open’),
in which the university looks for the factors that make a
successful and robust auditor/controller. In the year 20112012, the university started implementing the first results
of the Opening the Shutters project, illustrations of which
are the renewed introduction for first year students with
more emphasis on community building and robustness,
a training for robust lecturers and a course in ‘Coaching
and Mentoring’. We also had a new summer course on The
10
Robust Auditor in the Accountancy program, in which students
discussed their own dilemmas and dilemmas from the book ’Het
Drama Ahold’ (with its author Jeroen Smit acting as one of the jurors
of the debate).
Summer Courses
Nyenrode initiated summer courses for students on an advanced
Bachelor’s and Master’s level. These courses are given in cooperation
with the Utrecht Summer School. In 2012, about 200 students
enjoyed courses on the Nyenrode campus, attending courses such
as ‘Financial Management for Non-Financials’, ‘M&A and Investment
Banking’, ‘Transforming Entrepreneurship & Management through
Spiritual Innovation’, ‘Banking & the Financial Crisis’ and ‘Law,
Leadership & Management’.
New Institutes
Nyenrode has founded new Institutes like the ‘Nyenrode
Corporate Governance Institute’ and the ‘Toezicht Academie’
(‘Governance Academy’) in order to build long-lasting relationships
with regulatory, supervisory and oversight bodies to help them
with research and subsequent educational needs. The Nyenrode
Corporate Governance Institute has performed research for the
national ‘Monitoring Committee on Corporate Governance’ and
the ‘Monitoring Committee for the Banking Code’, two high-profile
studies to shape the future of Corporate Governance and the Banking
Industry in the Netherlands. The institute is also responsible for the
National Survey of Supervisory Directors (together with the Erasmus
University Rotterdam) and it publishes a Yearbook. In 2011, it coorganized a seminar on sustainability in the financial sector attended
by Princess Máxima. The institute also launched a special newsletter.
In June 2012, the Nyenrode Corporate Governance Institute and the
Toezicht Academie jointly held a seminar on monitoring conduct and
culture in financial institutions.
Nyenrode’s ‘Tablets 4 Education’ wins Awards in
Apps-On Competition
In 2012, ‘Tablets 4 Education’, a joint project by Nyenrode
Business Universiteit, Capgemini and Ares Development, won the
second prize in the Apps-On competition organized by SURFnet
and Waag Society with an app for a professional second screen for
educational purposes. In the Apps-On competition, participants
competed for the best app for higher education or research purposes.
11
Rese arch
and
public ations
Nyenrode appeals
because you get the best
preparation for the world
of business, by following
a practical program
with many deadlines.
At first, we had to work
very hard, but after the
second part, I already
felt that I was learning
to cope. If you divide
everything up and plan it
well, you can manage to
hand in good work, and
on time.
Our vision
Nyenrode occupies a unique position in research within
the Dutch educational landscape. The close ties with the
business community, but also with the academic world,
ensure that we are in a very good position to create the
bridge between fundamental research on one side and the
day-to-day practice in the business community on the other
side. Nyenrode identifies what the needs of the business
world are and uses its academic knowledge and experiments
to work out solutions. This contributes to our ambition to
be a university that consistently covers the spectrum from
work-integrated education to education-integrated work,
combining academic rigor and practical relevance.
Academic freedom is of utmost importance for good research.
Individual freedom for researchers means, for example,
being open to innovative ideas, picking up on emerging
themes easily and fast, and effective exploitation of expert
knowledge on different fields.
An integral part of our research policy is to involve students
in research as well. In all degree programs, research
Guiomar van AxelDongen
methodology is part of the curriculum and students are given
(Student)
applicability in everyday practice of the corporate world.
projects/research that focus on real life problems and its
12
Highlights
publications/year
2011
2010
2009
Journal articles
151
170
186
Books
23
37
28
Book editor
7
16
12
PhD dissertation
6
8
4
Professors, 3 lecturers and 16 PhD
Inaugural lecture
9
1
2
students.
Chapter in book
70
85
69
Research papers
13
11
30
White papers
17
25
16
Nyenrode faculty over the calendar
Conference proceedings
17
27
30
years 2009 -2011.
Case & teaching note
2
1
0
Annotations
15
8
7
Book reviews
1
3
6
Newspaper article
27
34
30
Total
358
426
420
Facts & Figures
• In 2012, the faculty of Nyenrode
consisted of 79 Full Professors, 17
Associate Professors, 18 Assistant
• In the table you can read the
numbers
of
publications
by
PhD Graduations
In the period September 2011- December 2012, six PhD students successfully defended their PhD theses at Nyenrode
and obtained their doctorate. They were Raymond Zaal, Rosalie van Stormbroek-Burgers, Rudy Snippe, Hilco van Elten,
Henk Kievit and Tim Rogmans.
Inaugural Lectures
From September 2011 until December 2012, the following professors held their inaugural lectures at Nyenrode: Gijs
van Bussel, Sjaak Bloem, Lineke Sneller, Désirée van Gorp, Paul Frentrop, Gert van Dijk, Barbara Bier, Ad Kil, Willem van
Rhenen, Lisette van der Hel - Van Dijk, Arco Bobeldijk and Paul Hilbers.
Book ‘The Robust Professional’ published
During the opening of the academic year 2012-2013, the book ‘De Robuuste Professional: Wijze LESsen’ has been
published (in Dutch). This book – edited by Edgar Karssing, Marcel Pheijffer and Bob Hoogenboom – bundles the
views and insights on Leadership, Entrepreneurship and Stewardship from the different disciplines at Nyenrode. It is
therefore not so much a publication about, but rather from Nyenrode, for everyone interested in management, business
administration, accountancy, controlling and corporate governance.
Book ‘Remarkable Nyenrode 1946-2011. Remarkable 65’
To celebrate the 65th anniversary, Nyenrode published a special book entitled ‘Remarkable Nyenrode 1946-2011.
Remarkable 65’. This book contains portraits of a selection of alumni with a remarkable career or life story, and of people
who have performed outstanding services in Nyenrode’s history.
13
Career and
Personal
Development
Journey
Our vision
Nyenrode’s mission is to fill the need of the national and international business
communities for high quality and sustainable leaders, entrepreneurs, knowledge and
innovative ideas. As such, relevance of business is what drives the Nyenrode Degree
programs, in which Nyenrode aims to educate entrepreneurial managers and robust
auditors and controllers at all levels of career and personal development. Both target
groups need entrepreneurship, leadership and stewardship as a coherent set of values
and characteristics.
We are well aware of the fact that the success of Nyenrode depends on the success of our
graduates. Throughout the program, students are encouraged to assess their interests,
abilities and strengths in order to meet their individual career aspirations. Therefore, all
teaching and learning within our degree programs revolves around our Head, Heart and
Hands philosophy: Academic rigor based on solid theory (‘Head’), Personal Development
(‘Heart’) and Practical relevance (‘Hands’). Furthermore, professional career guidance is
available for the students from the Career and Personal Development office.
Nyenrode’s employees are very important stakeholders, starting at the gate of the
estate. They are the gatekeepers of our core values. This makes our university a personal
NYENRODE iNtE
RNatiONal mba
pROgRam
cv book, clas
s of 2012
university. Our employees involved in the educational programs consider their primary
task to coach and guide our students on their ‘development journey’. Most of our lecturers
know the students by name, because our students matter.
‘De Luiken Open’ shows how LES has been embedded within the accountancy and
controlling programs and it is a key example for all other programs for the next couple
of years. Each program should take into account the personal development goal of the
student, and Nyenrode will help the student to accomplish his/her goal.
It is also important to put VCV, Nyenrode’s alumni association, more into the scope of
students. Also, VCV could play a role within the students’ career development.
Finally, we need to determine from a Stewardship point of view what we all want to
contribute to Nyenrode. We are all role models for our students and all people involved in
our education, such as guest speakers, are considered to be role models too and should
be selected on the basis of that point of view.
14
Highlights
Alumni sharing Experience and Inspiration
Several programs at Nyenrode have incorporated a course – like
‘Meet the CEO ’ in the International MBA program and ‘Reaching the
TOP’ in the MSc in Management program - where guest speakers can
share their experience and inspiration with current students. Many of
these guest speakers are alumni of Nyenrode, such as Bas Rookhuizen,
Salem Samhout, Frank van Wezel, Vincent Knoops, Gerard van Bree,
Peter Klasse, Esther Jacobs, Marque Joosten and Frans Leenaars.
Moreover, many Nyenrode alumni have a role in peer-group coaching
for current students, in providing scholarships or thesis projects for
students, in selection interviews of candidates and in challenges for
prospective students to experience Nyenrode. This provides invaluable
support for the educational activities at Nyenrode and creates strong
connections in the career and personal development journey between
the current students and alumni of Nyenrode.
Age is not a Limitation
Many employees, especially lecturers, are willing to keep on
working after they have turned 65, the official retirement age in the
Netherlands.
International MBA Students introduce themselves in
2012 CV Book
Since September last year, the Nyenrode community has been
enriched with a new group of motivated professionals composed of
twenty different nationalities. From the moment they arrived at the
Nyenrode campus, these IMBA students have been working hard on
their personal and professional development. As well as combining
theory and practice, each student contributes his or her unique
talent, interests and background to the program. To introduce these
students to prospective employers, the Career & Personal Development
department put together the 2012 CV Book.
The best professors and lecturers in the year
2011-2012
The full-time MSc in Management students chose Herman van der
Meulen (General Management), Haico Ebbers (International Business),
Ed Sprokholt (Financial Management) and Kitty Koelemeijer (Marketing
Management) as their Professors of the Year. Ed Sprokholt was elected
Professor of the Year by the part-time MSc in Management students.
MBA students awarded Venu Venugopal (International MBA), Bob de Wit
(Executive MBA) and Bert Kersten (modular MBAs) the title of Professor
of the Year.
15
The interviews I had with
Nyenrode before starting this course painted a
much clearer picture of its
actual content. The program is not just a good,
international course that
you have to dedicate all
your time and energy to,
it includes a completely
new, social life.
At Nyenrode, you
need to be flexible,
well motivated and
disciplined. Of course,
there are plenty of fun
events to attend with
your fellow students,
but there is usually a
deadline too, to stick
to. Sometimes, it makes
you feel very stressed,
but on the other hand,
learning to plan and
organize your studies
in combination with
student life will be a
good preparation for life
in the business sector.
The best lecturers of the Accountancy & Controlling Programs
in the year 2011-2012, according to the student reviews
and results, were: Jan Cuppé (propedeuse Accountancy),
Erwin van Dijk (Bachelor Accountancy), Laurens Storm van
’s Gravesande (Master-post Master Accountancy) Hans de
Ruiter (MSc Controlling), Bas Steins Bisschop (EMFC) and
Martin Vredendaal (‘‘Schakeltraject’’).
Charter of Achievement for Jan Dijksma
On 13 November, 2012, Professor Jan Dijksma received
Nyenrode’s
‘Oorkonde
van
Verdienste’
(‘Charter
of
Achievement’) for his important contributions over many years
to the activities of the Nyenrode Accountancy program and its
predecessors. Since 1973, numerous accountancy students
have encountered Professor Dijksma as a lecturer, examiner
or thesis supervisor. In several commissions, he contributed
Jill Schreuder
(Student)
to the development of education and examination in the
fields of management accounting and financial reporting.
In the past, the Charter of Achievement was awarded to the
Professors Degenkamp (2001), Gortemaker (2002), Moleveld
(2008) and Kuijl (2010).
16
Training The Robust Lecturer
If you want to create robust professionals, this also means that their source of learning, the lecturer, should be
an example of this solidity. The professor should not only transfer the knowledge required for practicing the financial
profession, but he also has to provoke the student to step out of his comfort zone. He has to coach and connect; he
has to be able to address the students on the level of personal values and beliefs. This requires a lecturer who has
integrated his head, heart and hands. Such integration is only possible if the lecturer himself has explored his own values
on a deeper level. This was the goal of the two day course ‘The Robust Teacher’, a direct follow up of the development
project De Luiken Open (‘Opening the Shutters’). A pilot of this course was held in the spring of 2012. All of Nyenrode’s
lecturers in Accountancy & Controlling will be asked to participate in this course over the next few years. Furthermore, a
critical review of Nyenrode’s freelance teaching staff was announced and new criteria were formulated for the selection
of lecturers in the coming years.
Coaching & Mentoring Course
In the year 2011-2012, the Coaching & Mentoring course in the Bachelor of Science in Accountancy was held for
the first time. Students who follow this course in their fourth year act as mentors for first-year students. The primary
goal of this course is the guidance of first-year students: advancing a good start, offering an approachable contact for
questions, supporting the students in finding a balance between work, study and personal life, and building a community
in the mentor group. Also, the mentors themselves, the students who choose to follow the course in their fourth year,
work on goals in their personal development, supported by the student coaches.
17
Ge t ting
alumni
involved
Our vision
The strong commitment and sense of community
For me, Nyenrode is an
inspiring workplace;
with very diverse and
interesting people, the
estate is beautiful, we
have great meetings
and the work we do
contributes to a better
society.
has been created as part of the campus life, and of being
member of the Campus Association and finally by VCV
(Nyenrode Alumni Association). VCV has opened itself to
all alumni and in return Nyenrode recognizes VCV as the
Nyenrode alumni organization, promoting VCV membership
amongst all graduates. In the years to come, VCV will need
to find ways to offer real value to all alumni and Nyenrode is
committed to help VCV to do so, partly through Nyenrode
Life Long Learning career education and through professional
education programs for the ‘Kringen’, through a consistent
‘upgrading’ program for all more recent degree graduates et
cetera.
Nyenrode is committed to stimulating and developing talented
people, irrespective of their background in society. For this
Judith Droste
purpose, there is the long-established Nyenrode Fund. This
(Program Manager
i.e. its alumni and its corporate partners, to provide
Customized Programs)
scholarships and loan opportunities to talented students
foundation receives funding from the Nyenrode community,
that need it. The fund is managed in close collaboration
with Nyenrode, VCV and the Nyenrode corporate relations
management. The study fund will enable Nyenrode to
continue to attract highly talented students, to ensure a
higher degree of diversity in classrooms thus enhancing the
quality of education. These hi-potential students and alumni
can enhance the reputation of Nyenrodians as a group.
Scholarships rank amongst the Fund’s most important goals
as they enable talented (foreign) students to study at our
university. The alumni of a certain year may decide to adopt
a student and thus make his/her study possible. Nyenrode
alumni are willing to do so because they are grateful for being
part of the Nyenrode community and they want to encourage
18
good students to take part in the Nyenrode experience as well. At the same time, alumni act as mentors and coaches for
their adopted students.
A new development is the involvement of alumni in peer-group coaching of current students. Peer-group coaching
provides the opportunity to investigate who you are. At the same time it teaches students how to coach. The alumni are
trained to coach the peer reviews. Their involvement links them to our university community.
Highlights
Facts & Figures
Every year about 60 students can study at Nyenrode with a scholarship. Many of these scholarships are
donated by alumni. The scholarships are granted on a revolving foundation, which means that after scholarship
winners have graduated, they are asked to donate to the foundation so new students can have the same
opportunity - a clear example of stewardship.
number of students with a scholarship
MSc in Management
MBA
Total
2010-2011
9
56
65
2011-2012
33
33
66
2012-2013
24
34
58
• The total budget for scholarships was 994k (€) in 2010-2011, 849k (€) in 2011-2012 and 654k (€) in 2012-2013.
• Nyenrode’s alumni network consists of 15,000 alumni operating in about 100 different countries all over the
world.
• Since 2011, the students on the accountancy and controlling programs can also become members of VCV.
19
Founding Fathers back at Nyenrode
With the exception of the names of several leading
figures from Nyenrode’s earliest years on a few buildings,
the Founding Fathers are not very visible at Nyenrode. And
many people would like to see that change. Accordingly, the
Nyenrode Fund Foundation has taken the initiative to turn
the spotlight back onto those important early sponsors and
therefore, many board members of the original Founding
Fathers companies were invited for a get-together at
Nyenrode’s Coach House on Monday November 21 , 2011,
st
for the 65th Dies Natalis. Among the (legal successors of
the) Founding Fathers are companies such as Unilever, Air
France-KLM, Philips and Akzo Nobel.
Alumni as Role Models
Our alumni are considered to be role models and as
such they are, for example, invited as key note speakers to
graduation ceremonies, or they participate in the selection
procedure for new students. The Fund rewards the best role
model alumnus with the ‘Lifetime Achievement Award’ based
on how the alumnus shows Leadership-EntrepreneurshipStewardship. This year Roland Kahn received the award.
Nyenrode Fund (SNF)
The major part of the Nyenrode Fund contains money
from our alumni. The Fund’s board always considers
carefully how it should use the contributions. The yearly
study trip abroad, organized by the students themselves,
is also an activity sponsored by the Fund. Furthermore,
the Nyenrode Fund is involved in the construction and
renovation of the buildings on the estate, such as the
recently restored small bower in the ‘Korentuin’, one of the
thirty state monuments on the property.
Memorial Bench Peter Amaczi
On Saturday June 16, 2012, a delegation of the
International MBA class of 1997 – 1998 gathered for the
unveiling of a memorial bench on the estate for their
classmate Peter Amaczi, who sadly passed away in 2010.
Guests of honor were Peter’s parents, Zsuzsa and Viktor
Amaczi, his sister Anna and his aunt and uncle.
Art Trail
Often, students of the different programs donate
works of art and other objects to Nyenrode, of which a
number have been installed by Nyenrode’s Art Committee
along a special art trail on Beukenlaan. A specially written
art-trail flyer contains more information about these works
and their background.
20
Reducing our
e nvironme ntal impac t
Our vision
The facility department covers a lot of different divisions from purchase, campus facilities like buildings and
monuments, to the catering services, hotel service and finally, the garden and greenhouse. To the facility department,
stewardship means that sustainability concerns all stakeholders and it is a challenge for the management to embed it
throughout the entire university.
We consider how to reduce our environmental impact when renovating the buildings and looking for energy-reducing
materials and procedures. We have made investments to diminish the consumption of waste, water and energy.
Communication about these activities plays an important role. In view of a sustainable campus, waste separation has
already been established as an ongoing project. The main goal for the near future is to establish energy management that
enables the monitoring of the energy consumption (gas, water, electricity). Last year we decided to use an electric car for
general services. The car will be available soon. Next academic year’s fixed target is to achieve 10% energy costs reduction.
Another focus is on a future-proof, sustainable purchase policy, i.e. only buying products with a green label. This policy
includes the sustainable construction of buildings, waste reduction in the restaurant and our catering operations, paper
use, fair-trade coffee, use of Nyenrode’s garden and greenhouse products and preserving biodiversity on the estate.
Highlights
Facts & Figures
Since November, 2011, all electricity used at Nyenrode is green.
Key Performance indicators are:
• Nyenrode used in 2009-2010 2.360k (kWh), in 2010-2011 this was 2.182k (kWh) and in 2011-2012 2.258k (kWh).
•Nyenrode has not generated any electricity on its estate during the past decade. Our plans for future
renovation include examining the option of installing solar panels.
•For the heating of its facilities, Nyenrode used in 2009-2010 626k (m3); in 2010-2011, this was 671k (m3) and
in 2011-2012 608k (m3). The main reasons for the fluctuation in gas consumption correspond to the weather
conditions during the year.
‘Green’ Estate
An estate is very often green in color but not always ’green’ in the sustainable sense of the word. Think of all the
pesticides and herbicides that are used to keep most large gardens and estates under control. Not at Nyenrode! For over
25 years, no pesticides or herbicides have been used on the estate. As you can imagine, it takes an incredible amount
of creativity and ingenuity to manage a 56-hectare estate without the use of chemicals. The Nyenrode estate has been
designated by the authorities as a protected National Ecological Network (Ecologische Hoofdstructuur).
21
Biodiversity on our Campus
The Nyenrode estate is a very special area for fungi
and has more variety of species than any other estate in
the Netherlands. Different environmental factors influence
the variety but it has everything to do with good estate
management. Species of fungi that are rare in the Netherlands
are discovered at Nyenrode on a regular basis.
One of the best and most beautiful Business
School Campuses
In 2012, Nyenrode estate listed on MBAPrograms.org
as one of the 50 best and most beautiful business school
campuses.
Charging Point electric Cars and Nyenrode
Bicycles
In 2012, Nyenrode installed a charging point for two
electric cars on the car park. Although the use of electric cars
It is always exciting
because you never know
what will happen.
Paul de Blot
is a rather new development in the Netherlands - on average
the charging points are used twice a week at Nyenrode–
there is clearly an increasing demand for it. Another ‘green’
development is that we now have two Nyenrode bicycles that
can be borrowed, available for both employees and guests.
‘Nyenrode Go Green’ Group
In 2009, various staff-members initiated the ‘Nyenrode
(Professor of
Go Green’ group. The goal of this group is to create awareness
Business Spirituality)
of environmental problems and willingness to act on this at the
university and among its staff. The university has encouraged
this bottom-up approach and various management team
members have joined the group. The group initially focused
on ‘quick wins’ such as replacing single garbage bins with
triple (plastic, paper, waste) recycling bins and making the
hotels more sustainable by using ecological soaps and fair
trade products, for instance. In addition, the Go Green group
researched the financial viability of various green initiatives
such as the introduction of electric cars for on-campus
transportation, ways to reduce energy consumption and ways
to encourage the use of public transport to the university.
Anke van Hal again in Trouw’s
‘Sustainable 100’
In 2011, Prof. Dr. Anke van Hal, Professor of Sustainable
Building and Development at Nyenrode, was ranked number
74 in the ‘Sustainable 100’ list of the Dutch newspaper
‘Trouw’. In 2012, she was elected second in the Duurzame 50
Vastgoed NL list (‘Sustainable 50 Real Estate NL’).
22
Impac t on loc al and
global com munities
Our vision
Community building is one of the strongest features of Nyenrode. Our students become part of the Nyenrode
community for life. Alumni express their bonding with Nyenrode in different ways, for example, by participating as guest
speakers in programs, by coaching current students or by meeting students in the context of ‘Meet the CEO’.
The Nyenrode Community comprises our students, our alumni, our corporate relations, our faculty and our staff. Our
students can join JCV, NCV or VAS, while our alumni are united in VCV. NCV, Nieuwe Compagnie van Verre, was founded in 1947 and had HRH Prince Bernhard von Lippe-Biesterfeld as its patron
and an honorary member. For full-time students, life at Nyenrode is founded on three pillars: the program, student life
and NCV. NCV has 38 committees, each responsible for various matters such as a selection of sports activities, musical
events and managing the Zolderbar.
VAS, the Vereniging van Accountancy Studenten, has been looking after the interests of accountancy students since 1971
and offers support for students in various ways. As the representative of student interests, VAS has a seat on several
of the Nyenrode Accountancy department’s consultative bodies and task forces. In addition, VAS puts much effort into
stimulating the bonds among students and reinforcing student ties with the university.
JCV, the Jongste Compagnie van Verre, was founded in 2011 for, and by, the students of Nyenrode New Business School
and aims to encourage students to build a network for their future. Over the past year, the association grew from 35 to
over 100 members. JCV activities include organizing introduction weekends, the annual gala night, the end-of-term party
and sports such as running, rugby and indoor football.
23
24
VCV, the Voortgezette Compagnie van Verre, was set up in 1957 as a logical continuation of NCV. Alumni wanted to
cherish the bond they had forged during their course. VCV is independent of the university and organizes both social and
professional activities. Herman Bruggink, a former president of Nyenrode and honorary member of VCV has called the
association the key to Nyenrode’s existence.
Over the years, Nyenrode has strengthened its structural ties with the local community, the town of Breukelen. As
Nyenrode is the largest employer in the region and also its proximity to Breukelen, Nyenrode has a high impact on the
town and its environment.
Nyenrode’s five partner universities have been selected based on their outstanding reputation with respect to one or
more of our core values. For example, Northeastern University (United States) is focused on entrepreneurship while
Stellenbosch University (South Africa) is more targeted towards stewardship and leadership. Our goal with respect to the
collaboration with our partners is to work together on new and joint education programs.
Highlights
Facts & Figures
At an institutional level, Nyenrode works with a limited number of valued international academic partners
on the basis of reciprocity. The key partners span the globe, are internationally reputed business schools
and are closely related to Nyenrode in their philosophy. The main activities with these partners encompass
student exchange, faculty exchange, international research projects and joint education programs. Our key
international academic partners are:
• Indian Institute of Foreign Trade, India
• Northeastern University, USA
• Renmin University of Beijing, China
• Stellenbosch University Business School, South Africa
• University of Oregon, USA
Since 2008, Nyenrode has signed contracts with multinationals such as ING, Rabobank, Achmea and SNS Bank
as a preferred supplier of education.
In recent years, several companies and non-profit organizations have sponsored Nyenrode Chairs including
organizations such as Veroz, Heijmans, Capgemini, ArboNed and Janssen.
On the national level, Nyenrode is a partner of MVO Nederland – the main network organization with 2,000
partners dedicated to corporate social responsibility.
On the global level, Nyenrode has intensified its membership of EABIS – the Academy for Business in Society –
to the level of partner. Following INSEAD (2011) and IMD (2012), Nyenrode will organize the annual colloquium
of EABIS at its premises in 2013. It will be on the theme ‘Sustainability and Finance’.
25
65th anniversary of Nyenrode Business
Universiteit
In 2011, Nyenrode had been established for 65 years.
Nyenrode and the great
diversity of students
stimulate and inspire
me to be like them, to
excel. The continuous
connection of theory
and practice for me as a
pracademic is the great
value of Nyenrode!
On the 3rd of September, 1,500 students, alumni, faculty
members and other friends of Nyenrode came together to
celebrate the 65th anniversary. The party area around the
Castle and the Coach House was occupied by a variety of
culinary stalls and there were a number of presentations, an
auction and performances by renowned Dutch artists such
as Ali B and Xander de Buisonjé as well as the Nyenrode Booz
Band. After the regular program, a scintillating late-night
party began in the Coach House.
Princess Máxima receives Postma Prize
Her Royal Highness Princess Máxima of the Netherlands
was awarded the Postma Prize at Nyenrode in November
2011. The prize was initiated to celebrate Nyenrode’s 65th
anniversary and is awarded to people who have performed
Marcel Pheijffer
an outstanding social service in the field of Leadership,
Entrepreneurship and/or Stewardship, the leading themes
(Professor of Accountancy)
at Nyenrode. The 2011 Postma Prize consisted of a sculpture
by the sculptor Pieter Kortekaas. The Postma Prize is named
after the former Rector and Chairman of the Executive Board,
Dr. Jacques Postma (1913-1997). The prize was presented
during the conference ‘Sustainability in the Financial Sector.
Are we ready?’, an event that was co-organized by the
Nyenrode Corporate Governance Institute. During this event,
Princess Máxima delivered a speech on Inclusive Finance.
On May 29th, 2012, Máxima also attended the inaugural
lecture by Professor Gert van Dijk, Professor of (Cooperative)
Microfinancial Services in Developing Economies.
New Dean of Campus
In 2012, a new Dean of Campus was appointed. Prior
to that, the position of Dean of Campus had been vacant
for years. The Dean of Campus initiates and stimulates the
integration of educational activities in a campus environment
26
while stimulating and watching over the social climate on the campus and the well-being of students who live on campus
as well as the employees. A major part of the job is to ‘bring together’ students and create ‘the Nyenrode feel’ with the
corresponding norms and values.
Collaboration with Dutch Embassy in Dhaka
The Embassy of the Kingdom of the Netherlands (EKN) in Dhaka, within its scope of economic diplomacy, has
partnered with Nyenrode Business Universiteit in order to stimulate economic relations between the Netherlands and
Bangladesh. The strategic aim of the Embassy is to strengthen bilateral commercial ties in a responsible manner and
support the improvement of the Bangladeshi business environment with a spill-over effect that improves the lives of the
poor. The partnership aims to increase sustainable bilateral trade and investment in four identified sectors (water, food,
logistics and the IT-sector with a special focus on outsourcing activities) thus facilitating private sector development
(PSD) in Bangladesh. The focus of sustainability will be on employment generation (specifically targeted at women) and
introducing clean (and where applicable innovative) technology.
Making history relevant: Crowd-sourcing medal as an example
Nyenrode’s heritage manager Gert Immerzeel is working with the Corporate Communications department to use
modern methods of communication to present Nyenrode’s history and make it relevant and interesting for today’s
users. This is one illustration: in 2011, Immerzeel found an old prize medal on the estate, fabricated around 1860
for the ‘Vereeniging ter bevordering van fabriek- en handnijverheid in Nederland’ (‘Association for the Promotion of
Manufacturing and Handcrafts in the Netherlands’). Associations such as these frequently organized contests in which
people were asked to submit solutions for all kinds of practical, industrial issues. The medal then was awarded to the
person with the most innovative and enterprising vision. Thus, this historic award fits in perfectly with Nyenrode’s
current aims and ethos. In the new Nyenrode Career Challenge 2013 launched in October 2012, Nyenrode, together with
Capgemini and The International Correspondent, was again looking for useful and innovative visions. They rewarded
talent for the best ideas for a sustainable future of business and society. The finalists of this Challenge were awarded a
replica of the old medal. In recent years, Gert Immerzeel also published articles about the medal: in ‘De Beeldenaar’, a
renowned Dutch numismatic magazine and in a regional history magazine.
Sculptures: Art as a Metaphor
The year 2011-2012 was the year of Nyenrode’s 65th anniversary, a joyful event which was commemorated in many
ways. For this occasion, several-meter-high bronze sculptures by the renowned sculptor Pieter Kortekaas were installed
on the Nyenrode estate. He has loaned these sculptures to Nyenrode for the next five years. They were unveiled over the
course of the anniversary year by different groups of Nyenrode stakeholders and corporate relations. Kortekaas’ works
of art encapsulate human and spiritual strength and energy. The bronze sculptures are a metaphor for the new direction
in leadership and entrepreneurship. They are intended to serve as a source of inspiration for the students, employees
and alumni of the university. The first sculpture that was unveiled was ‘The Conversation’. The other sculptures are
named ‘Tulip Vases’, ‘The Temple’, ‘Strength’ and ‘King’s Throne’.
27
Estate opened for visitors
We annually open our estate on ‘Dutch Heritage Day’ (Open Monumentendag) as well as for a Christmas stroll for
the local community in December. We also sometimes arrange free tours and free entertainment by local performers.
As of 2012, we also have a virtual tour of our Castle online on the Nyenrode website. In June, we host the annual Dutch
Herring Party (Hollandse Haringpartij), an important society and network event. Another example is the Quality in Music
concerts, which we host from time to time. These concerts offer young talented musicians from the Netherlands the
opportunity to showcase their skills to a wider audience. Together with the Town Council, we have made the Castle an
official wedding location for people from the local community and our staff.
Nyenrode appoints University Carilloneur
In 2011, Nyenrode officially appointed Jan Willem Achterkamp to the position of University Carilloneur. In this
capacity, Achterkamp regularly plays the Nyenrode carillon in the Castle during events.
Start-up help for students
Students who set up an enterprise before or after graduation are facilitated by Nyenrode to use the ‘Nyenrode
Business Accelerator’, which offers them coaching, office space and shared services, linking our facilities with our
entrepreneurial focus, our alumni, our faculty and our corporate relations. The Nyenrode Business Accelerator is located
in the Coach House on the Nyenrode estate and has five companies in 2012.
New course to tackle slum issues
On 1 October, 2012, Cordaid, Nyenrode and AT Osborne announced that they were to design a new course: ‘Urban
Change Labs’. This new program with its innovative education concept gives content to the international theme ‘Changing
Cities Building Opportunities’. The program’s students are from different industries and will think up clever solutions
for the problems facing slum areas. Innovative solutions are badly needed because the world’s urban population will
continue to rise in the coming years and current, conventional methods are simply not good enough. This partnership
was presented as a showcase at the 2012 Partner Elections which were held at Nyenrode.
Executive Doctorate Program starts in Chengdu, China
On May 24, 2012, the first Nyenrode Executive Doctorate Program started at the Nordic International Management
Institute (NIMI) in Chengdu, China. The seventeen candidates come from eleven different countries and they are
combining their jobs with a doctorate project.
Partnership Baker Tilly Berk for Education ‘The Robust Auditor’
Nyenrode and audit firm Baker Tilly Berk started a cooperative program to educate the Robust Auditor. The program
is constructed on five pillars: the theoretical academic program, the internship, the internal training courses at the
office, both in the field of techniques and social skills, and training by actually doing the job itself. By coordinating these
five pillars, overlap between them can be avoided. Also, timing of the courses can be adapted to the activities of the job.
Nyenrode New Business Regatta
On Saturday, April 28, 2012, the first edition of the Nyenrode New Business Regatta took place. In the wee hours
of the morning, ten rowing boats left for a 40-kilometer race, starting in the center of Amsterdam and finishing at the
Nyenrode castle. This rowing competition along the old Amsterdam-Breukelen trade route was organized in celebration
of the merger of the New Business School Amsterdam and Nyenrode Business Universiteit. A total of 200 students,
alumni, entrepreneurs and others joined the race, with the closing festivities held at Nyenrode. The second edition of
the Nyenrode New Business Regatta will be held On April 27, 2013.
28
Corporate Marketing & Communications Team helps Parc Spelderholt
In late March 2012, the entire Corporate Marketing & Communications team of Nyenrode
devoted two days to helping Parc Spelderholt in Beekbergen, near Apeldoorn, devise new
initiatives in the field of marketing and communications. Parc Spelderholt is a place where
students with a mental disability can learn to live and work as independently as possible.
In addition to the school, Parc Spelderholt offers conference facilities and a (health care)
hotel. Parc Spelderholt is situated on a beautiful, wooded country estate, with a historic
country house and a campus, and thus is strongly reminiscent of Nyenrode in terms of its
ambiance. Of course, there are major differences between the students of both schools, yet
there is also an important similarity. Just like at Nyenrode, the students of Spelderholt are
committed to pulling out all the stops to ensure their progression in life.
Goudstikker Heiress Marei von Saher visits Nyenrode
In the weekend of September 14 to 16, 2012, Nyenrode was visited by Marei von
Saher, daughter-in-law of the art dealer and former Nijenrode lord of the manor Jacques
Goudstikker (1897-1940). One of the reasons for her visit was a photo shoot for the magazine
‘Ode to Breukelen’ by Nyenrode alumnus Jaap Holtzapffel. Heritage manager Gert Immerzeel
and the Corporate Communications department organized a tour of the estate for her
and a presentation on Nyenrode’s history followed by a dinner in the Castle hosted by a
representative of the Board. In recent years, Von Saher successfully made a claim against the
Dutch state for the return of paintings from the former Goudstikker collection. These had
been taken to Germany during the Second World War, only to reappear in Dutch museums
after the war.
Fund raising for India Project
Together with New Business School Amsterdam, Bachelor students have raised
€60,000 for the ‘Zeg ja voor India’ (‘say yes to India’ at www.zegjavoorindia.nl) project of the
Roundtable India Foundation (www.roundtableindia.org). The raised funds are being used
to build schools in India. As part of their fundraising campaign, the students organized a
charity black-tie dinner in the Artis Royal Zoo. During the dinner, former Prime-Minister JanPeter Balkenende delivered a speech and further funds were raised by an auction chaired by
Christie’s Auction House.
Projects for local Entrepreneurs
All students on the full-time MSc program at Nyenrode did projects for local
entrepreneurs. In total, 23 projects were done on themes like market positioning, strategic
alignment and new product development. The support of the municipality of the Stichtse
Vecht and the business circles of Breukelen and Woerden proved very helpful for this. These
projects serve many purposes: they add value to the local entrepreneurs and strengthen
the local embeddedness of Nyenrode. Furthermore, being involved in the complexity of
real-life management problems can contribute a lot to the students’ learning process. And
the fact that they do this for small and medium-sized companies signals clearly to them that
business is much broader then a small group of famous brands.
Globe
Students, candidates for programs and Nyenrode’s partners hail from all over the
world. At the end of 2012, we placed a ‘globe’ on Nyenrode’s website to display our global
presence.
29
I like to work at Nyenrode
because you work with
motivated students:
people who really want
to achieve something.
We work at the
intersection of education,
research and service
and Nyenrode has a lot
of variety with many
highlights (“never a dull
moment”).
Jan Bots
(Professor of Controlling)
30
Benchmarks and
achie ve ment s
Nyenrode has a huge reputation and is very well-known as a brand. Nyenrode’s distinctive factors compared to
other universities are the strong attention for students’ personal development and community building. Our students
are on a ‘development journey’, where character, skills and competencies are trained and are above all shaped. A robust
auditor has the guts to ask critical questions. Nyenrode students should have the guts to make decisions, in difficult
times too, and this creates the difference that the world of business essentially wants: real leaders and entrepreneurs.
Highlights
Facts & Figures
Our degree programs have been accredited by the Dutch Ministry of Education (through its national
NVAO accreditation program), by AMBA and by EQUIS, and by the Central Register of Higher Education
Study Programs (CROHO). The Accountancy programs are also accredited by the Commissie Eindtermen
Accountantsopleiding (CEA) and the Executive Master of Finance & Control program is also accredited by the
Vereniging van Registercontrollers (VRC).
Nyenrode is subject to the Higher Education and Research Act of 1993 in the Netherlands, conforming to a
Bachelor-Master System, as well as to the European Credit Transfer System (ECTS).
Nyenrode adheres to current national academic codes of conduct. In 2001, the Dutch Royal Scientific
Academy (Koninklijke Nederlandse Akademie van Wetenschappen, KNAW) and the Dutch Organization for
Scientific Research (Nederlandse Organisatie voor Wetenschappelijk Onderzoek, NWO) issued a notice on
scientific integrity and consequently established the National Entity of Scientific Integrity (Landelijk Orgaan
Wetenschappelijke Integriteit, LOWI). LOWI implemented the Code of Conduct for Scientific Practice on January
1st 2005, intended for all universities in the Netherlands. This code aims to address the societal demands and
academic requirements for conducting scientific research. Its goal is to enhance the awareness of what good
scientific research and teaching entails.
31
Best Masters
In the ‘2012 Guide to Master’s Degrees’ (‘Keuzegids Masters 2012’) published by Centrum Hoger Onderwijs Informatie
(CHOI), students and experts give their assessments of the master’s courses available at Dutch universities.
• Top scores in the Business Administration category: Nyenrode’s MSc in Management and MSc in Bedrijfskunde;
• Best Dutch master in Accountancy category: Nyenrode’s MSc in Controlling, followed by MSc in Accountancy;
• Best post-initial master’s program in Accountancy category: Executive Master of Finance & Control (there are no other
comparable programs in the ranking).
• Best master in the overall ranking of all the master’s programs at Dutch universities: MSc in Business Administration
• Third best university in the Netherlands: Nyenrode Business Universiteit
FT Ranking Executive Education
In the 2012 Financial Times rankings for open executive education programs, Nyenrode is now listed as the best
business school in the Netherlands. Nyenrode ranks number 50 in the list of global business schools.
Executive MBA No. 1 in FT Rankings Career Development
The Nyenrode Executive MBA is once again Number 1 in the Financial Times rankings regarding career development.
Nyenrode was also at the top of this list in 2009. In the overall ranking, Nyenrode is in the 85th position.
Nyenrode climbs in Business Schools Rankings
Nyenrode Business Universiteit was ranked higher in the 2012 Financial Times European Business Schools
rankings, making Nyenrode the only Dutch business school to be awarded a higher position than in the previous
rankings. Nyenrode held 33rd place in the rankings for European business schools in 2012. The first place was given to
the IE Business School in Spain followed by the French HEC Paris and the London Business School in the United Kingdom.
Nyenrode MBA programs best reputation
Of all the MBA programs in the Netherlands, Nyenrode’s has the best reputation. This is the conclusion of the
first survey of business schools by Management Team (MT) magazine. Almost without exception, MBA alumni are very
satisfied with the program they did. MT attributes Nyenrode’s good score to, among other things, life on campus and the
close ties between Nyenrode and the private sector. In September 2012, readers of MT ranked Nyenrode no.1 in a list of
educational institutes in the Netherlands for academic MBA education.
Nyenrode is a finalist in MBA Innovation Award
Nyenrode was one of the four finalists in the competition for the MBA Innovation Award organized by the Association
of MBAs. The award was presented in London on October 19, 2011. The jury was impressed by Nyenrode’s integrated
technology programs, Apps in Business in the International MBA and the information and innovation program of the
Executive MBA. The award was eventually won by New Zealand’s University of Waikato.
United Nations Principles for Responsible Management Education
To strengthen our commitment to responsible education, Nyenrode became a signatory member of the United
Nations Principles for Responsible Management Education (PRME) in 2011.
32
Organiz ation
Nyenrode Foundation is the owner of the Nyenrode estate.
It also owns 100% of the shares of Nyenrode University. The Board of
the Foundation is accountable to the Foundation’s Supervisory Board.
Supervisory Board
Nyenrode Foundation
xecutive Committee
E
Nyenrode University
International Academic
Council
•Jan Nooitgedagt (Chairman)
•Miša Džoljić, Rector Magnificus
•Dipak Jain
• André Olijslager
•Dipak Jain
•R obert Polet
• Peter Lorange
• Kees de Kluyver
•Jan Bernard Nolst Trénité
• Peter van Breda
anagement Board
M
Nyenrode Foundation
& CEO
•Sonja Barendregt
•Leen Paape, Dean Degree
•Kees de Kluyver
Programs & Research
•Jan-Willem Broekhuysen,
Board Nyenrode Fund
Dean Executive Education &
•Frank van Wezel (Chairman)
Organizational Development
•Antoine Boelen
• Joost Pieter de Smeth, CFO
•Peter van Breda
•Ronald Emons, Secretary
• Miša Džoljić
•Désirée van Gorp
International Executive
Education Board
•Hans Groen
•Piero Overmars (President)
• Malcolm Gillies
•Peter Lorange (Chairman)
•Walther Remmerswaal
• Joost Sliepenbeek
•David Cole
•Geert Sanders
• Hugo van der Goes
•Ruud Sleijffers
•Pol Schevernels
•Peter Croes
•Miriam Zwaan
•Rino Schreuder
•Herman Bruggink (honorary
•Mariëlle de Macker
•Inge Kauer
member)
•Amelia Zhou
•Erik Wuite (Executive Director)
•Wim Kooijman
•Loek Mensink
Nyenrode Foundation
Nyenrode employed 368 persons at the end of the August 2012. 145
Nyenrode Fund
of them are full-time employees and 223 work part time. In relation
to gender, 41.5% of all employees are men and 58.5% are women.
Nyenrode
Business Universiteit
gender
Nyenrode Services
Nyenrode BBA
total
full time
part time
Male
Number of Persons
153
77
76
Female
Number of Persons
215
68
147
Absenteeism of faculty and staff is very low: 2.9 for the entire
workforce in 2011-2012. Employee turnover is 20% in 2011-2012.
The total number of employees increased by 20 in 2011-2012. We
Nyenrode
New Business School
welcomed 93 new employees and 73 employees left Nyenrode. 33
The consolidated balance sheet for the academic years 2009-10/2011-12 (on August 31st) is shown below.
consolidated income statement (amounts x € 1.000)
2011/12
2010/11
2009/10
Revenue
47.763
47.462
51.159
Expenses Wages and salaries
20.023
17.289
20.418
12.869
13.884
11.925
2.742
2.982
7.157
Hires and other personnel expenses
Housing expenses
Other expenses
8.271
9.103
12.640
43.905
43.259
52.140
Depreciation
2.090
2.004
2.294
Operating result
1.768
2.199
-3.275
444
-266
-259
2.212
1.933
-3.534
Total expenses
Financial income and expenses
Net result
consolidated balance sheet on 31st august (amounts x € 1,000, after appropriation of result)
Property plant and equipment
21.526
21.803
22.749
423
394
226
Current assets
7.200
8.185
8.725
Securities
2.065
2.191
2.307
Cash and cash equivalents
15.327
18.280
14.139
Totaal assets
46.541
50.854
48.146
Group equity
12.203
9.991
10.632
1.141
1.185
1.848
Long term loans
11.046
16.605
14.900
Current liabilities
22.151
23.073
20.766
Total equity and liabilities
46.541
50.854
48.146
26%
20%
22%
Financial fixed assets
Provisions
Solvency
Highlights
Professor Miša Džoljić new Rector Magnificus & CEO
Professor Miša Džoljić is the new Rector Magnificus and CEO of Nyenrode Business Universiteit. His appointment
started on November 1st, 2012. Prior to his position at Nyenrode, Professor Miša Džoljić was a Member of the Executive
Board of the Academic Medical Center (AMC) in Amsterdam and Vice-Dean of the Medical Faculty of the University of
Amsterdam. Džoljić succeeded Maurits van Rooijen who has returned to London where he lives and where he accepted a
position at an international institute for higher education.
Obituary for Frans Schijff, B.Sc., former President of Nyenrode
Mr. Franciscus Johannes Schijff (1929 – 2012), President of Universiteit Nijenrode (now called Nyenrode Business
Universiteit) from 1980 to 1991, died last November. Frans Schijff will be remembered as a committed governor under
whose inspired leadership Nyenrode acquired its university status.
Jan Nooitgedagt new Chairman Supervisory Board
During the December 11 meeting of the SupervisoryBoard, André Olijslager stepped down as Chairman of
the Supervisory Board of the Nyenrode Foundation. His successor is Jan Nooitgedagt, CFO at AEGON. Since 2010,
Mr. Olijslager has been Chairman of the Supervisory Board of the Nyenrode Foundation. Olijslager will remain a member
of the Supervisory Board.
34
Closing
re marks from
the Preside nt
The academic year 2011/2012 will be remembered as a good year. Nyenrode celebrated its 65th anniversary with
a vibrant community of students, alumni, faculty and staff. The trend of improving financial strength and academic
quality has been extended and the values of Leadership, Entrepreneurship and Stewardship have been given depth in
all Nyenrode programs.
The Board of the Nyenrode Foundation has been stable and well functioning during the reporting year. The Board met
six times in person and four times by telephone. Moreover, the real estate, audit and remuneration committees met
before each formal board meeting. The strategy committee has been less active as Nyenrode focused its attention on
execution of the strategic plan 2012-2015.
The Chairman of the Board spent considerable time with the Executive Committee of the university to contribute to the
smooth transition of the Rector Magnificus. Prof. Dr. Maurits van Rooijen decided to return to the UK. We are grateful
for the leadership that Professor Van Rooijen provided. His impact will be lasting on several fronts: (1) during his term
the values Leadership, Entrepreneurship and Stewardship have been developed, (2) undergraduate in business was
brought back to the Nyenrode suite of degree programs by incorporating the New Business School in Amsterdam and
(3) internationalization has regained its (historic) prominent place at Nyenrode. We are happy that we found a great new
rector in Prof. Dr. Miša Džoljić who has started in his new position on November 1, 2012.
Nyenrode takes its role as steward of the estate seriously and has spent considerable time and money maintaining
the estate and its buildings. We are working with the municipality of the Stichtse Vecht to develop the future vision of
Nyenrode in its physical community and the gymnasium was reconfigured to become a LEA(r)N training center for our
clients. We are proud to be partnering with McKinsey, Achmea and ABN AMRO in this initiative.
Financially, Nyenrode improved its strength during the reporting year. Equity was further strengthened by adding the
net result (2.200.000) to our reserves and the debt to InHolland was redeemed early as our cash flow allowed us to do
so. The market environment remains difficult for every institution, also for Nyenrode. Therefore we are grateful to our
clients for their continued engagement and our alumni for their support.
The Stichting Nyenrode Fonds has worked tirelessly to find donors to support our university. This has allowed many
students to study at Nyenrode with a scholarship and has contributed to the financial health of the university.
We expect the environment in the coming years to remain difficult, so we remain cautious, but we are investing in
the quality of our university both in executive education and in degree programs to improve our offering. Under the
leadership of our new Rector Professor Džoljić we will continue to execute our strategic plan and we will look beyond its
boundaries as most goals have been achieved and we need to broaden our horizon.
On behalf of the Executive Board of the Foundation,
Piero Overmars
35
Nyenrode Business Universiteit
Straatweg 25, 3621 BG Breukelen
+31 346 291 291
P.O.Box 130, 3620 AC Breukelen
[email protected]
The Netherlands
www.nyenrode.nl
Nyenrode. A reward for life