ALBA Identity

MISION AND VISION

Our mission is to educate visionary leaders of tomorrow who will act as agents of change and help shape the future business world by pushing forward the frontiers of knowledge related to the management of business organizations, while making that knowledge relevant to practitioners. Generating and disseminating knowledge represent our twin objectives.

Our vision is to become one of the leading research-driven Graduate Business Schools in southeastern Europe, on the basis of excellence of teaching and its intellectual impact on the business world, attracting outstanding faculty and students from all over the world.


BUSINESS UNUSUAL

“Business Unusual” signifies our unwavering commitment to setting our sights over the horizon, reaching for visionary ideals and working restlessly to get there, against the tide and against all odds.

This is the spirit in which we pursue our transformative, Business Unusual, mission as stated above.

We apply this principle to all the challenges facing business and society today, in Greece and beyond. In the face of economic, social, political and environmental crisis, we maintain the highest ethical and quality standards while seeking innovations that will transform everything else.

Business Unusual is the founding DNA of ALBA. A way of thinking and working in business, a way of living in society. We invite all those who share or wish to partake in this mentality to join us.

 


HISTORY

ALBA was founded in 1992, through a joint initiative of the Federation of Greek Industries ( ΣΕΒ ), the leading Employers' Union in Greece, and the Hellenic Management Association ( ΕΕΔΕ ); both the preparation for the creation of ALBA and its operations until the end of 1993 were funded by the European Commission and by contributions offered by its Corporate Members.

In February 1995, the Athens Chamber of Commerce and Industry ( ΕΒΕΑ ) joined the Federation of Greek Industries and the Hellenic Management Association to become the third collective body of Greek businesses under whose auspices ALBA now operates.

Since the end of December 2011, ALBA Graduate Business School and The American College of Greece (ACG) have formed a strategic alliance aiming to create a top international educational institution in Greece.

Europe’s largest and most historic American college and Greece’s most prestigious graduate business school combined their strengths to pursue an ambitious growth strategy that will further consolidate their leadership positions. By joining forces, the two institutions will also become more competitive internationally and contribute to making Greece an international educational destination.

In the framework of this alliance, ALBA, continues offering its portfolio of MBA and business related MSc programs and pursuing its other activities as ALBA Graduate Business School at The American College of Greece. ACG continues to offer undergraduate programs in business and the liberal arts and sciences, as well as graduate programs in the arts and sciences through DEREE.

The two schools — both non-profit institutions — will retain all of their existing accreditations, including ACG’s NEASC and ALBA’s AMBA and EFMD/EPAS.

The ACG and ALBA collaboration forms one of the largest and certainly the most influential alumni community in Greece, numbering some 37,000 highly qualified individuals who are active in thousands of businesses and organizations, as well as in academia and public affairs, many of them in leadership positions, in Greece and abroad.


LEGAL STATUS

ALBA was established as a not-for-profit educational association of organizations of Greek corporations/employers and individual corporations. Today, 87 companies are corporate members.

It operated outside the Greek formal (state) educational system as a Laboratory of Liberal Studies (Εργαστήριο Ελευθέρων Σπουδών). In 2009 ALBA was established as ALBA College of Business Administration according to the Law 3696/2008.

In 2010 according to the Law 3848/2010 ALBA was established as a Center of Postsecondary Education.

In 2013 according to the new Law 2038/2013 ALBA is established and operates as a College.

Its operations are funded by tuitions and fees, contributions by employers' organizations and by corporate and individual donations.


Related actions

STATUTE

ACADEMIC COUNCIL

The Academic Council is an international advisory body consisting of the following internationally renowned scholars convening annually to review ALBA's performance and discuss strategic issues:

Takis J. Athanasopoulos, Chairman of the Board of IOBE, Chairman of HERACLES Group of Companies; Professor Emeritus, Department of Banking and Finance, University of Piraeus, Greece

Richard E. Boyatzis, Ph.D., H.R. Horvitz Professor of Family Business Professor, Organizational Behavior 
Distinguished University Professor, Case Western Reserve University

George M. Constantinides, The Leo Melamed Professor of Finance, Graduate School of Business, University of Chicago, USA

Christian Delporte, Former Rector, Facultes Universitaires Catholiques de Mons (FUCaM), Belgium, Associate Director, Quality Services, EFMD

Stylianos (Stelios) Kavadias, Cambridge Judge Business School, University of Cambridge

Panagiotis (Panos) Kouvelis, Senior Associate Dean & Director of Executive Programs Director of Boeing Center on Technology, Information and Manufacturing Emerson Distinguished Professor of Operations and Manufacturing Management

Arnoud De Meyer, President, Singapore Management University

Ilian Mihov, Dean, INSEAD, France

Christine Moorman T. Austin Finch, Sr. Professor Academic Area Marketing Marketing Strategy, Innovation, Consumer Behavior

John Saunders, Former Dean, Aston Business School, Aston University, UK

Luigi Tava, Professor of Quantitative Economics, Director, Quantitative Methods Center, SDA Bocconi, Italy

Howard Thomas, Distinguished Professor of Strategic Management and Dean of the Lee Kong Chian School of Business at Singapore Management University

Haridimos Tsoukas, Columbia Ship Management Chaired Professor of Strategic Management, University of Cyprus

Robert Winkler, James B. Duke Professor, The Fuqua School of Business, Duke University, USA


MILESTONES IN THE LIFE OF ALBA

2016

  • ALBA won the AMBA’s MBA Innovation Award 2015 in a grand ceremony in London on January 29th
  • On September 7th ALBA celebrated its acceptance as the first Academic Institution to be named a Green Award Incentive Provider by the Green Award Foundation
  • The Society for Human Resource Management (SHRM) has acknowledged that ALBA's MSc in Strategic Human Resource Management fully aligns with SHRM's HR Curriculum Guidebook and Templates
  • On June 2nd, ALBA received a Silver Award at the Event Awards 2016 organized by Boussias Communications. ALBA received the award for the category of Scientific Conferences, for the organization of the 31st EGOS Colloquium
  • The Society The MSc in Tourism Management was awarded for the second consecutive year with the Silver Award, at the Tourism Awards 2016 ceremony. The program has been awarded in the subcategory "Education and Connection to the Tourism Industry" for its strategic partnership with Costa Navarino.

2015

  • ALBA organizes and hosts from June 29th until July 4th for the first time in Greece, the 31st European Group for Organizational Studies (EGOS) with 1,800 participants coming from more than 50 countries
  • The ALBA Executive MBA is accredited by The Association of MBAs (AMBA)
  • The MSc in Business for Lawyers is included in the FT Innovative Law Schools Report
  • The MSc in Tourism Management was awarded the Silver Award, at the Tourism Awards 2015 ceremony, held on March 12, 2015. The Program has been awarded in the subcategory “Connection of Education with the labor market" for its outstanding strategic partnership with Costa Navarino.
  • ALBA and its Executive Development Department received the second prize in the 2015 HR Excellence Award during the HR Summit and Expo 2015, in Dubai, the most prestigious and largest HR conference in the Middle East. The award was presented to ALBA for the Executive Development Program (EDP) it offers to Novo Nordisk executives.

2014

  • ALBA launces the MSc in Tourism Management, the MSc in Entrepreneurship and the MSc in Insurance Risk Management in cooperation with EIAS (Greek Institute of Insurance Studies)
  • ALBA re-launches Executive MBA, the only c-level MBA offered in Greece
  • ALBA is awarded NEASC accreditation , as a result of its strategic alliance with The American College of Greece

2013

  • ALBA hosts for the first time in Greece The Negotiation Challenge Competition in Athens, 5-7 April
  • ALBA hosts for the second time the 21st edition of The European Business Plan of The Year Competition
  • ALBA launches three new programs: The MSc in Risk Management, the MSc in Shipping Management and the Double Masters for Lawyers in collaboration with the University of Reading, School of Law
  • ALBA launches the Diploma in Sport Business Management under the auspices and with the cooperation of the Sport Business Institute

2012

  • The ALBA team comprised of MSc in Finance students wins the first place at the CFA Research Challenge Competition
  • ALBA re launches the MSc in Marketing program
  • ALBA honors Mr. Theodoros Papalexopoulos with the 2nd ALBA Business unusual Award
  • ALBA is awarded with the Silver Effie Award for the campaign FEE or FREE designed by LOWE Athens 

 

Learn more

2011

  • The first Class of the one-year full-time MSc in International Business & Management Program starts in September
  • The former Full Time and Professional MBA Programs have been revised and are now called The ALBA MBA Program with morning and evening classes. The first Class starts in September
  • ALBA cooperated with INSEAD in order to present the first customized simulation taught in the Greek language
  • ALBA is appointed as the BIMCO Global Exam Centre in Greece
  • The ALBA MSc in Business for Lawyers is included in the Financial Times LLM 2011 Listing for the second consecutive year
  • ALBA Graduate Business School and The American College of Greece announces their strategic alliance

2010

  • Awarded 1st Prize at the European Business Plan of the Year Competition 2010
  • The ALBA MSc in Finance is included in the Financial Times 2010 Masters in Finance Listings, for the fourth consecutive year
  • The ALBA MSc in Business for Lawyers is included in the Financial Times LLM 2010 Listing
  • ALBA launches the ALBA Executive Briefings in the Greek Business Community
  • ALBA developed the first Train the Trainer Course for the Retail Banking
  • ALBA developed the “Biography” program, a senior leadership program addressed to top executives
  • ALBA in collaboration with ICMA Centre, part of world ranked Henley Business School at the University of Reading, introduces the MSc in International Shipping and Finance
  • The MSc in International Shipping and Finance program is accredited by the Institute of Chartered Shipbrokers (ICS) and the Chartered Institute for Securities & Investments (CISI)
  • ALBA honors Captain Vasilis Constantakopoulos with the 1st ALBA Business unusual Award

2009

  • ALBA is accredited by EPAS for the MSc in Finance and the MSc in Strategic Human Resources Management programs
  • The ALBA MSc in Finance program is included in the Financial Times 2009 Masters in Finance Listings, for the third consecutive year
  • ALBA launches a series of articles written by resident and visiting faculty on the financial crisis, titled "Management in Times of Crisis", in collaboration with the Greek newspaper Kathimerini.
  • AHEAD (ALBA Hub of Enterprise & Development) is founded which brings together all ALBA activities dedicated to entrepreneurship and aims to promote the understanding and development of enterprise within Greece, and beyond.
  • ALBA applies for the building permit to build 8,000 m2.
  • ALBA is granted the licence by the Greek Ministry of Education to be established  and operate as a College according to the new Law 3696/2008.
  • The Stavros Costopoulos Endowed Chair in Human Resource Management and Development is assigned to Associate Professor Olga Epitropaki
  • ALBA developed the first Leadership Development Program
  • ALBA co developed a program in entrepreneurship in association with the Athens Chamber of Commerce

2008

  • The ALBA MSc in Finance is included in the Financial Times 2008 Masters in Finance Listings, for the second consecutive year
  • ALBA team wins the 2nd Runner Up Award at the European Business Plan of the Year Competition 2008
  • The MBA in Shipping program is accredited by the Institute of Chartered Shipbrokers (ICS)
  • ALBA co-developed a Diploma in Taxation in cooperation with Ernst & Young

 

2007

  • ALBA is accredited by the Association of MBAs (AMBA) for all its MBA Programs
  • ALBA team wins the 1st Runner Up Award of the European Business Plan of the Year Competion 2007
  • The ALBA MSc in Finance is included in the Financial Times 2007 list of Masters in Finance Programs
  • 1st class of the ALBA-ERNST & YOUNG Postgraduate Diploma in Taxation Program starts in October
  • ALBA becomes an academic partner of the United Nations Development Program and becomes a member of the Global Compact Network (GCN) of the United Nations
  • 1st class of the ALBA-American College of Thessaloniki (ACT), Executive MBA, starts in January
  • ALBA co-organized, in the framework of ANTHISI research project, the 1st Greek Competition on Equal opportunities in the workplace
  • ALBA organized the first In House Leadership Academy
  • ALBA organized the annual conference of the Association of Maritime Economics (IAME) which was held in July for the first time in Greece

2006

  • Development of a new Corporate Charter
  • ALBA acquires a piece of land of about 7.4 acres (30.000 square meters), to build a new Campus
  • ALBA team wins the 1st Runner Up Award at the European Business Plan of the Year Competition 2006
  • 1st Class of the MBA in Shipping Program begins
  • TITAN CEMENT Co S.A. an ALBA Corporate Member, extends its distinguished VISITING PROFESSORS PROGRAM for another three years (2005-2008)
  • Establishment of the Stavros Costopoulos Endowed Chair by the Costopoulos family
  • ALBA introduces in the Greek Labor Market the Recruitment Confidence Index which repeats every 6 months
  •  ALBA developed the first  training  Program for Junior High Flyers
  • ALBA initiated the Executive Breakfast series
  • ALBA developed a specialized, In House Diploma in HRM for an international group of executives
  • ALBA and Women’s International Shipping and Trading Association (WISTA) Hellas announce the “Women in Shipping Scholarship Series” that runs since then

2005

  • 1st Class of the MBA in Banking program starts under the auspices of the Hellenic Bank Association
  • The Aristides Daskalopoulos Endowed Professorship in Business Ethics is assigned to Professor Richard Nielsen
  • 1st Prize at the European Business Plan of the Year Competition
  • In-house Executive Development Program for VIOHALKO Group starts in September
  • Development of the Faculty Personnel Policy Regulations in line with the International Practice
  • ALBA co-developed MyGlobe, an open program in Global Management, in cooperation with INSEAD

2004

  • 1st Class of the MSc in Finance program starts in September
  • Joint Executive Development Programs in cooperation with INSEAD and YALE SCHOOL OF MANAGEMENT are offered
  • ALBA organizes and hosts the European Business Plan of the Year Competition in Athens
  • In-house Executive Development Program for NOVO NORDISK executives from seven countries starts in May
  • ALBA MBA Team comes in 1st in the L'OREAL e-Strat Challenge (Business Game) in Greece and 29th among 1000 teams globally
  • 2nd "Contemporary Trends in Management" Article Series in OECONOMICOS TAHYDROMOS
  • Appointment of Associate Professors Michael Tsiros and Demetrios Vakratsas to the Tassos Papastratos Research Professorships in Marketing established by the PAPASTRATOS FOUNDATION
  • The ALBA Social Responsibility Committee was created in December
  • ALBA delivered a joint  open program in Leadership & Team Effectiveness, in cooperation with the Yale School of Management

2003

  • 1st Class of the MSc in Strategic Human Resource Management program starts in January
  • Establishment of the Tassos Papastratos Research Professorships by the PAPASTRATOS FOUNDATION
  • ALBA organizes the BEST WORKPLACES Competition for the first time in Greece
  • 1st Prize in the European Business Plan of the Year Competition and participation in the Global Competition in Singapore
  • 1st Class of the ALBA - EFG EUROBANK ERGASIAS MBA in Financial Services starts in January
  • Professor Haridimos Tsoukas is appointed Editor-in-Chief of the Organization Studies academic journal
  • The Article Series titled 'Contemporary Trends in Management' is published in ECONOMICOS TAHYDROMOS
  • Professor V. Theoharakis initiates the ALBA Ranking Surveys of International Accademic Journals
  • The first class of the In House MBA “Eurobank – ALBA MBA in Financial Services” was launched

2002

  • Hosting of the 3rd European Conference on Organizational Knowledge, Learning & Capabilities (OKLC)
  • 1st Class of the ALBA - SHELL Diploma in Management Studies starts in April

2001

  • Establishment of the George D. Mavros Research Professorship by Mr. Dimitri G. Mavros
  • Professor Haridimos Tsoukas is appointed to the George D. Mavros Research Professorship
  • ALBA is invited to participate in the European Business Plan of The Year Competition. ALBA's team makes it to the finals in their first Participation
  • The European Commission assigns the Research Project ENLARGE to a Consortium of European Business Schools and consulting companies (INSEAD, LKAEM, University of Cyprus, Maribor University, Bulgarian Academy of Science, ICI, PLANET) led by ALBA

2000

  • TITAN CEMENT Co S.A. , an ALBA Corporate Member, establish a 5-year TITAN-INSEAD VISITING PROFESSORS PROGRAM for ALBA
  • The first Class of the one-year part-time program MSc in Business for Lawyers starts in January
  • The 9th EUROPEAN FINANCIAL MANAGEMENT ASSOCIATION Conference, is organized by ALBA in late June
  • Establishment of the Aristides Daskalopoulos Endowed Professorship in Business Ethics by the DELTA Group of Companies

1999

  • ALBA co-organizes its first Executive Development Program in Greece to be attended by executives from abroad (for the Delhaize ''Le Lion'' Group)
  • Establishment of the Constantinos Kapsaskis Endowed Professorship by ERGOBANK S.A.
  • The first issue "Guide of New Entrepreneurs" is available to the public. The Guide is updated annually since then

1998

  • Establishment of the Kitty Kyriacopoulos Endowed Chair in Finance the first ever Endowed Chair in Greece
  • Professor Nickolaos G. Travlos is appointed to the Kitty Kyriacopoulos Chair in Finance becoming the first Dean in ALBA's history
  • Organization of the first open seminar
  • ALBA delivered the first In House Management Program for A-B Vassilopoulos (Delhaize Group)

1997

  • The European Commission assigns a Research Project for the development of a Management Curriculum on and for the Information Society (MACIS) to a Consortium of European Business Schools (INSEAD, London Business School, Copenhagen Business School, ESADE, Erasmus, University of Cologne) led by ALBA

1996

  • The first Class of the part-time Professional MBA program with evenings classes, starts in January
  • ALBA hosts the 3rd Multinational Finance Society Conference, in Thessaloniki

1995

  • The Athens Chamber of Commerce and Industry (ACCI) joins FGI and HMA in becoming the third collective body of business enterprises under whose auspices ALBA operates

1994

  • First meeting of ALBA's Academic Council, an international advisory body convening annually to review ALBA's performance and discuss strategic issues

1993

  • The first class of the one-year full-time, overintensive MBA starts in January

1992

  • Formal procedures completed for the establishment of ALBA as a not-for-profit Association, operating under the auspices of the Federation of Greek Industries (FGI) and the Hellenic Management Association (HMA)