The contents of this blog has been inspired by current preparations for our upcoming broadcasting event Navigating to the New Normal Economy. This live online event will be delivered as a joint collaboration between the Center of Excellence in Finance (CEF) and IEDC Bled School of Management within the “Strengthening Line Ministries’ Capacities to Assess Fiscal Implications of Structural Reforms (FISR)” project. The FISR project aims to ensure sound and consistent assessment of the fiscal implications of structural reforms in EU candidates and potential candidates. It is being funded by the European Union.

The IEDC-Bled School of Management is pleased to partner with the Center of Excellence in Finance in the important mission of crossing sectoral bridges.

The IEDC was the pioneer in educating leaders in Central and Eastern Europe and beyond as the first management school of its kind in the CEE, established 34 years ago. Throughout its history, the IEDC has played an important role in building bridges and creating synergies between the public and private sectors. We brought knowledge and best practices from business to the public sector, and conducted seminars for representatives of a number of Central and Eastern European countries' public administrations and governments.

Our experience has shown that it is very important that representatives of the public and private sectors learn together, interact and thus exchange knowledge and experience. At the IEDC-Bled School of Management, entrepreneurs and managers learn from participants representing public administration and NGOs about the needs of the society at large, social responsibility, etc. At the same time, the representatives of the private sector convey their best practices and trends to their colleagues in the public sector.

We had an excellent experience with a longer seminar, where representatives of both sides took part. They spent a month together in class, learning, discussing and resolving problems. Besides studying the newest trends and best practices, they appreciated the network they established, which they could later use for the realization of their projects.

We are convinced that public-private partnership is about promoting dialogue, finding a common denominator, and setting up a new type of collaboration based on fresh perceptions, mutual responsibility and accountability. I firmly believe that to successfully meet the challenges we are facing in today’s world, we will all have to work together, the public and the private sector. Management education can serve as a great supporter and facilitator in this process, and our mission remains to educate responsible leaders, regardless of the sector.