London Business School and Deloitte Start New Engine for Growth

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London Business School and Deloitte, the business advisory firm, launched today the Deloitte Institute of Innovation and Entrepreneurship, a new partnership aimed at better equipping business leaders and entrepreneurs with the information, insights and resources to create new growth and tackle social and economic challenges.

Our aspiration is that some of the biggest new ideas in this field that combine academic rigor and successful implementation will be attributable to the Deloitte Institute of Innovation and Entrepreneurship.

London Business School and Deloitte, the business advisory firm, launched today the Deloitte Institute of Innovation and Entrepreneurship, a new partnership aimed at better equipping business leaders and entrepreneurs with the information, insights and resources to create new growth and tackle social and economic challenges.

The Deloitte Institute of Innovation and Entrepreneurship will generate leading-edge research to improve the understanding of innovation and entrepreneurship worldwide. Through its research, teaching, and outreach activities, the Deloitte Institute of Innovation and Entrepreneurship aims to equip individuals and organizations with the insights and tools they need to create wealth and contribute to the nation’s economic well-being.

Supported by a 10-year partnership with Deloitte, the new institute will consider how innovation and entrepreneurship contribute to economic recovery and growth in the developed world and to economic development in emerging markets. Deloitte’s landmark commitment is the most significant in the School’s 47 year history.

"Innovation is one of the key drivers of everything that goes on in business," Sir Andrew Likierman, Dean, London Business School said. “Our aspiration is that some of the biggest new ideas in this field that combine academic rigor and successful implementation will be attributable to the Deloitte Institute of Innovation and Entrepreneurship,” he continued.

David Sproul, who takes over as Deloitte chief executive and senior partner from June 1, commented, “Innovation is at the heart of what we do and, with the UK at an economic crossroads, businesses and policymakers are seeking new ways to stimulate and sustain growth. The Deloitte Institute of Innovation and Entrepreneurship will provide fresh insights which enable our clients, and UK plc more widely, to innovate, create growth, and compete more effectively in both domestic and global marketplaces. This exciting new partnership will harness the benefits of London Business School’s leading research and education capabilities with Deloitte’s real time insights into the challenges and opportunities facing British businesses.”

The research agenda for the Deloitte Institute of Innovation and Entrepreneurship will cover the many facets of innovation and entrepreneurship (from social innovation, to financing innovation, to co-creation and open innovation), as well as their geographic, industry and technology domains. It will look at how individuals, enterprises and institutions innovate and generate value from those innovations. The research will look at both innovations developed as new ventures (free-standing entrepreneurial teams) and within existing firms (corporate entrepreneurship).

In addition to generating rigorous new tailored research, the Deloitte Institute of Innovation and Entrepreneurship will be underpinned by a series of events throughout the year, an education program and networking opportunities.

The Deloitte Institute of Innovation and Entrepreneurship brings together four faculty members at the core, with more than 10 others from each of London Business School’s areas of study. By broadening the number of faculty engaged in research in innovation and entrepreneurship, it will build a vibrant community of scholars within the School.

“We’re immensely grateful to Deloitte for its outstanding commitment to the School and for helping us realize the vision of the Deloitte Institute of Innovation and Entrepreneurship, through its long-term contribution”, concluded Sir Andrew Likierman.

About London Business School

London Business School's purpose is to deliver insights and leaders that have impact. The School is ranked number one in the world for the full-time MBA programme*. In research, the School is ranked top ten and holds the highest average research score of any UK academic institution**.

The School's faculty, from over 30 countries, is grouped into seven subject areas – Accounting; Economics; Finance; Management Science and Operations; Marketing; Organisational Behaviour; and Strategic and International Management.

Studying at the School provides access to an unmatched diversity of thought. With a presence in four international cities – London, New York, Hong Kong and Dubai – the School is well positioned to equip students from more than 130 countries with the capabilities needed to operate in today’s business environment. Students further benefit from our 30,000 alumni who provide a wealth of knowledge, business experience and worldwide networking opportunities.

The School awards over 1,000 degrees every year, across MBA, Executive MBA, Masters in Finance, Sloan Fellow and PhD programmes and has most recently added Masters in Management to its portfolio. The Executive Education team offers a portfolio of over 30 open programmes as well as custom-designed programmes developed to meet the specific needs of individuals and their organisation. Annually, over 8,000 participants attend executive programmes that are led by many of the world’s leading business thinkers.

http://www.london.edu

About Deloitte:
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see http://www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.

The information contained in this press release is correct at the time of going to press.
For more information, please visit http://www.deloitte.co.uk.

  • Financial Times MBA 2010 Rankings

** Research Assessment Exercise (RAE) 2008

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Katherine Lakeland

Jamie Harley
Deloitte LLP
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