Glossary of MBA Terms

Term: EFMD (The European Foundation For Management Development)
Definition: Based in Brussels the EFMD is a body representing Business Schools, Management Colleges and the Management Training and Development interests of Organizations. Business School and Companies are eligible to be members of EFMD. The former have to satisfy certain criteria and to be accepted into membership by the other Schools. The latter are often the corporate clients of the Business Schools - so the EFMD is unusual in representing both the supply and the market sides of the management education business
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