Last week, the second cohort of IUM’s new Online Executive MBA program had their very first Residential Week in Monaco. For the first time, the members of the 2012-2013 EMBA Class—who, during the rest of the year, live and work in such diverse places as Canada, Germany, Switzerland, France, Russia, Italy and the Ukraine—finally got to meet each other in real time, and in real life, here in the Principality!

IUM EMBA class

IUM’s EMBA is an online, two year program. During most of this time, EMBA participants, who study while continuing to work, attend live, online evening sessions of one hour, twice a week. In these classes, taught by IUM’s core and visiting faculty, they follow such fundamental management courses as Marketing, Accounting, Corporate Finance, and Corporate Governance and Business Law amongst many others. Online chat sessions and discussion boards with classmates and professors are an integral part of this learning experience. But one of the several differentiators of our EMBA is the residential session here in Monaco. Over the two year program, four unique residential week sessions are offered to students, who are required to attend at least three. These weeks are designed to offer a completely different learning, and networking experience.

Whereas some courses can be very effectively taught online, other courses –those which engender debate or require real time group work, or which revolve around the “soft” skills—are definitely best offered in the offline environment. Accordingly, our residential courses are specifically chosen to encourage interactive group dynamics and enhance personal development skills. In the past week, the EMBA students got to really know each other through the intense and highly engaging Markstrat Business Simulation Game. They also had a full day dedicated to assessing themselves as leaders, team players, and individuals and, through group and one-on-one coaching sessions, identified areas to improve so as to become stronger on all three levels.  A challenging and thought provoking seminar on CSR and Business Ethics wound up the week, which also introduced students to the new and much improved online platform. In addition to classes, participants were also able to experience what it’s like to live and do business in Monaco.

This theme in particular will be reinforced during the next EMBA Residential week, scheduled for April 7 to April 11, 2014.  During that week, IUM and its Groupe Inseec partner will be hosting the first Monaco Luxury Symposium, which will bring together renowned international academics in the field of luxury management, as well as practitioners and industry leaders. It promises to be a stimulating and exciting event, which also leverages IUM’s well known expertise in the area of luxury management. During their stay here, in addition to other classes, the EMBA students will be able to attend seminars and round tables and meet with some of the leading global leaders in the luxury sector. No doubt it will be yet another memorable week in Monaco!

Reported by Dr. Marika Taishoff, MBA and EMBA Program Director


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