Development of management and finance
Required management development programmes have been made since 2003. The purpose is to ensure the quality of management expertise. As a part of the programme, a survey of management has been done. Personnel have had a chance to evaluate management and the survey results have served as a basis for the development of vision based management, management development programme contents, and for developing the personal management skills of managers.
Laurea’s vision based management will contribute to the Regional advisory boards and International advisory board. They operate mainly in support of the management of the environment for Laurea's future needs of manpower.
The Espoo regional unit has one regional advisory board and Vantaa has two as agreed in the company shareholder and co-operation contract.
The function of the regional units is to improve the competitiveness of Laurea by tightly connecting the innovation system and social decision making. The regional advisory board takes part in Laurea’s quality assurance according to the regional development function. It also takes part in preparing regional strategy, makes presentations on research, development and service functions, makes presentations on Laurea educational products and on their development, and monitors and evaluates their implementation. The regional advisory board acts as an expert forum, which takes the initiatives in developing and implementing regional strategies and programmes, and makes statements on request on the development of the region or business community.
Laurea International Advisory Board (IAB) supports Laurea in the management and development according to the vision. As an expertise forum, it takes initiatives, evaluates and gives statements. The cooperation between Laurea and IAB is based on shared professional interest in a developing international higher education institution that rises to the future challenges of a global operating environment. IAB transfers to Laurea forecast, benchmarking and network data related to the development of the labour market and of higher education institutions around the world. The IAB members represent seven different scientific higher education institutions in the USA, the UK, Portugal, Japan and South Africa. They are recognised experts in the higher education world and they have extensive experience in cooperation between higher education institutions and the labour market as well as in evaluation and financing.
Laurea per unit of economic development activities carried out in line with budget clinics. Budget clinics are used to make budgets for each operating unit and to examine resource use in relation to the operational and financial targets of the following financial year. In addition, the attendees discuss matters that affect the financial situation in the longer term, such as changes in funding, result tracking as well as recruitment and investment needs. The budget clinics are attended by the Administrative Director, the Vice-presidents, the directors of the local units and the Head of Accounting. The outcome is a budget proposal for the following year for each local unit.