College of Business and Economics Annual Report 2017 5 EXECUTIVE SUMMARY OVERVIEW Africa’s aim to achieve 5% economic growth by 2021 depends on connecting African economies to one another, and to those of Asia, Europe and the rest of the world. The fact is that Africa needs more trade than aid, and consequently needs more competent managers to manage and lead the flow of goods and services. In this context, flow means regional integration, realised in the form of international trade; financial integration via the movement of capital; the flow of knowledge and information; and the flow of movement of people, inclusive of tourists, international students, and highly skilled workers. UJ, as a new-generation university of choice anchored in Africa, seeks continuously to deliver its strengths in serving Pan-African ideals, among which is its footprint in management education. As one aspect of the UJ pursuit of greater global stature and excellence, between 2013 and 2016 all nine faculties were intensively reviewed by panels of international academic luminaries in their fields. In 2014, panels convened for the Faculty of Management and the Faculty of Economic and Financial Sciences. In the report pertaining to the Faculty of Management, two important recommendations were made, namely, the proposal for the formation of a Johannesburg Business School, and the importance of a closer connection between the disciplines in the two faculties. This led to UJ embarking on a collective dream: the creation of an entirely new formation at UJ, in the form of a College of Business and Economics, one that would effectively merge two of the largest faculties at UJ into a single, integrated mega-entity that will lead the African continent into a new era of academic and professional knowledge production and professional expertise. In addition, a study was conducted into what it would take to reposition commerce education, asking the question as to how quality educational offerings would influence an increasingly competitive environment, especially given the flow of management postgraduates out of the continent to international destinations. Benchmark providers of commerce higher education that house a business school in various organisational configurations were purposefully sampled from the global population of 12 623 providers of higher education management, finance and economics. Attention was given to providing a balanced perspective aligned with, and within reasonable reach of, the UJ strategic intent towards global excellence and stature by 2025. The sample also covered economies in different stages of economic development, the impact of the number of years in existence, and Quacquarelli Symonds rankings comparable to or better than UJ. From the kernel of an idea planted by International Faculty Reviews in 2014, the fully-fledged College of Business and Economics (CBE) came into being on 1 July 2017. The CBE contains the following six Schools: THE JOHANNESBURG BUSINESS SCHOOL (JBS), including the: • Department of Business Management • Department of Finance • Department of Transport and Supply Chain Management and • Department of Industrial Psychology and People Management THE SCHOOL OF ACCOUNTING (SOA), including the: • Department of Accountancy and • Department of Commercial Accounting THE SCHOOL OF CONSUMER INTELLIGENCE AND INFORMATION SYSTEMS (SCIIS), including the: • Department of Applied Information Systems • Department of Information Knowledge Management and • Department of Marketing Management THE SCHOOL OF ECONOMICS (SOE), including the • Department of Economics and Econometrics Prof Daneel van Lill Executive Dean College of Business and Economics
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