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Peter Lorange, one of the old hands of European business education, has received accreditation from the London-based Association of MBAs for programmes run by the Lorange Institute, formerly GSBA Zurich. Prof Lorange, former boss of IMD in nearby Lausanne, bought the Zurich school in July 2009 and renamed it at the beginning of 2010.
Prof Lorange’s model for the school involves few full-time faculty. “I have become rather negative on the concept of a large permanent faculty,” says Prof Lorange. “Rather, I prefer a stable network of part-time faculty, doing both research and teaching. This seems to work very well at the Lorange Institute.”
This approach. however, will preclude the school from applying for accreditation from bodies such as the EFMD, where the Equis accreditation requires a minimum of 25 full-time faculty.
Prof Lorange, a thoroughbred academic, bought GSBA Zurich from its founder Albert Stähli, a non-academic, who challenged the accepted wisdom for teaching business degrees in the German-speaking region of Europe. As well as the school’s Executive MBA programme, the school also teaches a range of MSc degrees, seminars and non-degree programmes. Prof Lorange’s aim is to develop the eponymous school into a centre for high-quality executive education.