Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
Competency Integration
in Business Education
ACBSP International Conference
4 November 2016
Raef Lawson, PhD, CFA, CMA, CP...
About IMA
• IMA® (Institute of Management Accountants),
founded in 1919, is a leading global
professional association of a...
The Need for Competency
Integration in Business Education
Integration: How Business Professionals Add
Value
The Need for Competency Integration in
Business Education
5
 Globalization and technological change are rapidly changing ...
Competency Integration and Level of
Cognitive Ability
Knowing Identifying Analyzing Prioritizing Anticipating
Demonstrate
...
The Need for Competency Integration in
Business Education
7
 Students’ initial exposure to a technical skill typically fo...
Levels of Competency Integration
Curricular Integration
Curricular Integration – HOW?
9
Levels of Competency Integration
10
Source: “Focusing Accounting Curricula on Students’ Long-Run Careers: Recommendations ...
Curriculum Integration Example:
Capital Investment Decision
11
Accounting CompetenciesFoundational
Competencies
Broad Mana...
Curriculum Integration Example:
Inventory Management
12
Accounting CompetenciesFoundational
Competencies
Broad Management ...
A Framework for Including Integrated
Competency-Based Learning Objectives
13
Enterprise Performance Management (EPM)
(Stra...
Implementation Opportunities &
Issues
Identifying Opportunities for Integration
Identifying opportunities for integration requires
connecting different aspects ...
Integration Opportunities
• The best way to address implementation challenges may
be to consider that it is NOT an “all or...
Implementation Issues
• Development of content needed for more
integrated business education.
• Organizational challenges ...
Implementation Scope and the Levers of
Complexity
18
•Number of
Courses
•Number of
Competencies
•Number of
Professors
• Nu...
Key Processes in Comprehensive
Curriculum Integration
19
List All Desirable Relevant Topics
Select "Need-to-Know" Topics
F...
Life-Cycle Stages of Curricular Integration
20
1 43
Growth
Maturity Decline
Renewal
Decline
2 5
Implementation
CurricularI...
For More Information
21
 “Focusing Accounting Curricula on Students’ Long-Run Careers: Recommendations
for an Integrated ...
Q & A
22
 What are YOUR
experiences/ challenges/
successes with
curricular integration?
Feel free to contact me at:
RLaws...
Upcoming SlideShare
Loading in …5
×

Raef Lawson - Competency Integration in Business Education

Raef Lawson - Competency Integration in Business Education

  • Be the first to comment

  • Be the first to like this

Raef Lawson - Competency Integration in Business Education

  1. 1. Competency Integration in Business Education ACBSP International Conference 4 November 2016 Raef Lawson, PhD, CFA, CMA, CPA Vice President-Research & Policy and Professor-in-Residence IMA® (Institute of Management Accountants)
  2. 2. About IMA • IMA® (Institute of Management Accountants), founded in 1919, is a leading global professional association of accountants and financial professionals in business. • A network of 80 000+ members and over 300 chapters worldwide (including 100 student chapters). • Global headquarters in US; regional offices in Asia, Europe and the Middle East. • IMA offers a professional certification program, the Certified Management Accounting (CMA). • IMA has numerous programs to support the teaching and research efforts of the academic community.
  3. 3. The Need for Competency Integration in Business Education
  4. 4. Integration: How Business Professionals Add Value
  5. 5. The Need for Competency Integration in Business Education 5  Globalization and technological change are rapidly changing the environment in which businesses operate. • Business professionals increasingly operate cross-functionally, in increasingly complex environments, collaborating with other managers in order to improve organizational performance.  Greater competency requires students to achieve higher levels of cognitive development for thinking about and using acquired knowledge.  The cognitive development literature suggests that thought processes develop in hierarchical levels or stages, with each level laying the foundation for the next-higher level.
  6. 6. Competency Integration and Level of Cognitive Ability Knowing Identifying Analyzing Prioritizing Anticipating Demonstrate knowledge in unambiguous situations Identify ambiguous problems and relevant information Analyze relevant information, viewpoints, and alternatives Establish and apply priorities for reaching conclusions Anticipate and adapt to changing conditions Achieve First Achieve Second Achieve Third Achieve Last 6 DeeperKnowledgeand MoreContextualComplexity
  7. 7. The Need for Competency Integration in Business Education 7  Students’ initial exposure to a technical skill typically focuses on skill mastery with minimal integration.  They may then learn how to integrate foundational competencies with other discipline-specific and broad management competencies.  Students may continue to learn how to further integrate foundational competencies cross functionally to apply that knowledge effectively to tasks requiring them to address realistic, complex business problems.  The knowledge, skills, and abilities of a business education should emerge and be developed within the curriculum as integrated competencies, as this is how those competencies are deployed within organizations.
  8. 8. Levels of Competency Integration
  9. 9. Curricular Integration Curricular Integration – HOW? 9
  10. 10. Levels of Competency Integration 10 Source: “Focusing Accounting Curricula on Students’ Long-Run Careers: Recommendations for an Integrated Competency-Based Framework for Accounting Education” Lawson, Raef A., Edward Blocher, Peter C. Brewer, Gary Cokins, James E. Sorensen, David E. Stout, Gary L. Sundem, Susan K. Wolcott and Marc J. F. Wouters), Issues in Accounting Education, May 2014.
  11. 11. Curriculum Integration Example: Capital Investment Decision 11 Accounting CompetenciesFoundational Competencies Broad Management Competencies Communication Quantitative Methods Analytical Thinking & Problem Solving Interpersonal Technology Leadership Governance, Risk & Compliance Additional Core Management Competencies Ethics & Social Responsibility External Reporting & Analysis Financial statement preparation and analysis Taxation: Compliance and Planning Tax implications Assurance & Internal Control Internal and external audit implications Planning, Analysis & Control Screening and preference decisions Behavioral issues Organizational change management Corporate social responsibilities Risk assessment Cost of capital, Capital structure, Real-options analysis Source: “Thoughts on Competency Integration in Accounting Education”, Lawson, Raef A., Edward Blocher, Peter C. Brewer, Jan Taylor Morris, James E. Sorensen, Kevin Stocks, David E. Stout, Gary L. Sundem, and Marc J. F. Wouters, Issues in Accounting Education, August 2015.
  12. 12. Curriculum Integration Example: Inventory Management 12 Accounting CompetenciesFoundational Competencies Broad Management Competencies Communication Quantitative Methods Analytical Thinking & Problem Solving Interpersonal Technology Process Management & Improvement Governance, Risk & Compliance Additional Core Management Competencies Ethics & Social Responsibility Planning, Analysis & Control Strategic performance measurement Information Systems Document and data flows for inventories Assurance & Internal Control Internal and external audit implications External Reporting & Analysis Inventory accounting methods Ratio analysis Global sourcing decisions Lean production Managing inventory risks Collaborative supply chain management Source: “Thoughts on Competency Integration in Accounting Education”, Lawson, Raef A., Edward Blocher, Peter C. Brewer, Jan Taylor Morris, James E. Sorensen, Kevin Stocks, David E. Stout, Gary L. Sundem, and Marc J. F. Wouters, Issues in Accounting Education, August 2015.
  13. 13. A Framework for Including Integrated Competency-Based Learning Objectives 13 Enterprise Performance Management (EPM) (Strategy Formulation and Analysis, Planning, and Execution) A Life-Cycle Management Approach A Value Chain Management Approach A Stakeholder Management Approach A Resource Management Approach A Technology Management Approach Capital Investment Decision-Analysis External Reporting & Analysis Other Accounting Competencies Broad Management Competencies LO1 LO2 LO3 LO4 LO5 LO6 Source: “Thoughts on Competency Integration in Accounting Education”, Lawson, Raef A., Edward Blocher, Peter C. Brewer, Jan Taylor Morris, James E. Sorensen, Kevin Stocks, David E. Stout, Gary L. Sundem, and Marc J. F. Wouters, Issues in Accounting Education, August 2015.
  14. 14. Implementation Opportunities & Issues
  15. 15. Identifying Opportunities for Integration Identifying opportunities for integration requires connecting different aspects of a particular accounting topic. At an abstract level, it may be helpful to think about several connections: How are ex post and ex ante aspects related? How are financial and nonfinancial aspects of a topic related? 15
  16. 16. Integration Opportunities • The best way to address implementation challenges may be to consider that it is NOT an “all or nothing” decision. • Instructors can • Integrate topics within a given course • Integrate topics across courses that they teach • Coordinate with colleagues teaching other accounting courses, for example, on the basis of a common case that is used across courses. 16 Integration, regardless of who initiates it or how it is implemented, can occur without necessarily involving a complete curriculum overhaul.
  17. 17. Implementation Issues • Development of content needed for more integrated business education. • Organizational challenges for implementing more integrated business education in schools and colleges. • Deployment of pedagogical methods that draw on higher levels of cognitive development of students. 17
  18. 18. Implementation Scope and the Levers of Complexity 18 •Number of Courses •Number of Competencies •Number of Professors • Number of Learning Objectives Within and Across Competencies Areas of Expertise Existing and New Accounting and Broad Management
  19. 19. Key Processes in Comprehensive Curriculum Integration 19 List All Desirable Relevant Topics Select "Need-to-Know" Topics Formulate Topics into Courses Organize Courses and Sequence into Programs Develop Potential Current (and Future) Staffing Source: “Managing the Curricular-Change Process: Implementing Competency-Based Accounting Education”, Lawson, Raef A., Karen V. Pincus, James E. Sorensen, Kevin D. Stocks, and David E. Stout, Issues in Accounting Education, forthcoming 2017.
  20. 20. Life-Cycle Stages of Curricular Integration 20 1 43 Growth Maturity Decline Renewal Decline 2 5 Implementation CurricularIntegration Time Source: “Managing the Curricular-Change Process: Implementing Competency-Based Accounting Education”, Lawson, Raef A., Karen V. Pincus, James E. Sorensen, Kevin D. Stocks, and David E. Stout, Issues in Accounting Education, forthcoming 2017.
  21. 21. For More Information 21  “Focusing Accounting Curricula on Students’ Long-Run Careers: Recommendations for an Integrated Competency-Based Framework for Accounting Education” (Raef Lawson, Edward Blocher, Peter C. Brewer, Gary Cokins, James E. Sorensen, David E. Stout, Gary L. Sundem, Susan K. Wolcott and Marc J. F. Wouters), Issues in Accounting Education, May 2014.  “Thoughts on Competency Integration in Accounting Education” (Raef Lawson, Edward Blocher, Peter C. Brewer, Jan Taylor Morris, James E. Sorensen, Kevin Stocks, David E. Stout, Gary L. Sundem, and Marc J. F. Wouters), Issues in Accounting Education, August 2015  “Managing the Curricular-Change Process: Implementing Competency-Based Accounting Education” (Raef Lawson, Karen V. Pincus, James E. Sorensen, Kevin D. Stocks, and David E. Stout), Issues in Accounting Education, forthcoming 2017.
  22. 22. Q & A 22  What are YOUR experiences/ challenges/ successes with curricular integration? Feel free to contact me at: RLawson@imanet.org

×