Mazars launches Mittelstand Business School
Mazars the leading International audit and advisory group has established the Mittelstand Business School to develop and support leaders of Owner-Managed businesses across Europe
A team from Mazars in Ireland has been the driving force behind the establishment of the school.
George Tsoukalas (Mazars, Greece), Melanie Orriss (Mazars, UK), Lorcan Colclough (Partner, Mazars Ireland), Maxi Guenther (Mazars, Germany), Sven Buchschatz Mazars, (Germany)
The genesis of the Mittelstand Business School was the Mazars Report ‘How to be a Standout SME’ which benchmarked the performance of SMEs across eight European countries. That report revealed weaknesses in the SME sector in terms of management expertise and overall capability to grow businesses to strong Mid-Market positions.
“We need to develop Owner-Managers who can drive their businesses from the ‘S’ of SME towards the ‘M’ and beyond where they are considering how to grow their business internationally. Research has consistently shown that companies with strong leadership and an international footprint are more sustainable businesses which employ more people and have a greater value,” said Joe Carr, Partner in Mazars Enterprise Division. “The Mazars Mittelstand Business School is a bespoke programme for business consultants working with pioneering Owner-Managers wishing to take their development to the next level.”
Joe Carr (Partner, Mazars Ireland), Prof. Finian Buckley (Associate Professor of Organisational Psychology at DCU Business School)
The inaugural class of the Mittelstand Business School are Mid-Market Advisors working with Mazars in 13 countries including Ireland. They spent 1 week in Dussledorf in April and are attending the second week of the programme in Dublin. They will then use online tools and use their expertise in specialist subjects to deliver advice to clients across Europe. The team from Mazars Ireland researched and developed the proprietary online training programmes which are now being deployed in 20 countries.
“This is an important international initiative for the Mazars Group and we are delighted to work with our European partners Mazars University and DCU to develop an even stronger offering for clients. The Mid-Market is a key market for Mazars in Ireland and we look forward to bringing some of the value generated in this initiative to our clients in Ireland.”
Professor Finian Buckley of the Dublin City University Business Schoo l in Dublin worked with Mazars to develop programme content. DCU’s Business School is ranked in the top 5% of Business Schools globally with an outstanding reputation for working with top firms, locally and internationally, on leadership development programmes.
“We’ve gathered a team of exciting and inspiring workshop leaders who are tasked to challenge participants thinking, and extend their skills repertoire in key business skills including digitisation for mid-market companies, critical thinking, market / competitor analysis, strategic corporate finance, governance and corporate accountability; HR and business planning”, said Prof. Buckley. “We’re giving consultants a deep understanding of the challenges for growing Mid-Market companies so they can best advise clients who wish to become challengers in both their home and international marketplaces”.
The sharing of best practice across borders is a key part of the programme and bringing together 35 consultants from 12 countries has led to interesting collaborations according to Lorcan Colclough, Partner, Mazars Enterprise Division. “Having seen the benefits of this collaboration, Mazars is now developing an international team of Mid-Market Advisors who will specialise in helping companies grow and expand across markets. This will greatly benefit our clients, giving them local knowledge and insights and helping them overcome quickly many common barriers to new market entry. No other firm is providing this level of support”, he said.
It is expected that more than 1,000 Mazars Business Advisors will undertake specific training in the next 10 months and that Mazars Ireland and DCU will be central to the delivery of the programme as it expands globally.