Global

MBA
Program
Table of ARISON SCHOOL OF
contents BUSINESS
FROM THE Prof. Uriel Reichman

PRESIDENT
President and Founder of the
Letter from the President Interdisciplinary Center Herzliya
3
Dean’s Welcome At the dawn of the 2010-2011 academic year, the Interdisciplinary Center
(IDC) Herzliya will be in the midst of implementing the strategic plans for its
4
future. Over the past sixteen years, our schools and research institutes have
Global MBA Program won international recognition while our alumni have taken impressive steps
6-7 toward changing the face of Israeli society. We will be building upon these

Global Management GMBA accomplishments by expanding our academic programs and activities to exciting

8-9 new heights.

Strategic Management GMBA I believe that an era of renewal is starting to take shape within Israeli society.
10-11 Joining IDC Herzliya means being part of this fascinating process, which
Entrepreneurship GEMBA will infuse a commitment to constitutional and governmental reform as well
12-13 as economic growth; will address the challenges presented by new media

Beyond the Classroom technology; and will reevaluate Israel’s diplomatic strategy and policies as

14-15 well as the country’s social and moral agenda – all of which are intrinsic to our
academic mission.
Career Development
16-17 IDC Herzliya has led an academic avant-garde movement since its inception. We combine the study of theory with real-

Faculty world experience. Our educational method is based on an interdisciplinary approach, information technology and openness
18-25 to the international horizon. Our outlook, which is rooted in the concepts of liberty and responsibility, emphasizes initiative
and leadership alongside community service.
Global Outlook
26-29
I am convinced that everyone who joins us will not only obtain an excellent education in business management along with
Rafael Recanati International School a far reaching professional network, but also meaningful friendships and an experience that will accompany them for the
30-33 rest of their lives.

Student Services
34-36
Admissions, Classes and Course Schedule
37-42

The Global MBA Program benefits

from the generous support
of the Ted Arison Family Foundation.
Global MBA
3
ARISON SCHOOL OF
BUSINESS
DEAN’S
WELCOME

Prof. Yair Tauman

Dean, Arison School of Business

The Arison School of Business strives to prepare future business leaders and
executives for the modern business world and its constantly shifting challenges.
The Global MBA Program offers students high-level MBA courses taught by
world renowned professors who are experts in their fields. The program is
innovative and is continually updated to reflect new developments in business
education and the global arena. It is designed and taught by experienced and
internationally regarded faculty members who have lectured at the world’s top
universities. They bring the best and latest in international education and a
strong commitment to teaching excellence.

Studying in a program with an international student body gives participants a

significant advantage in developing international connections and in discovering
global business opportunities. The program also provides students with the
practical tools and theoretical knowledge needed to establish and manage
businesses as well as to develop and implement business initiatives on an
international scale.

The facts confirming

Israel’s achievements
are indeed impressive:
the highest number of
scientists per capita;
the highest number of
companies traded on US
exchanges outside of the
US; the significant presence
of such leaders as IBM,
Intel, Microsoft, HP, and
others, together with their
continuous acquisition of
Israeli start-ups that make
major contributions to
their offerings. Add world-
acclaimed universities and
research centers, and you
can feel the tempo in every
after-hour haunt of the
high-tech sector.

Global MBA Global MBA

4 5
Grasp the Present Global Management
Transform the GMBA -
Future
In addition to the core foundation in general management,
Global Management is comprised of a range of elective
courses that are relevant to current trends in business.
Global Management is enriched with an Exchange program

The Global MBA at the IDC
provides future business leaders
and executives with the theoretical
knowledge and practical tools to
conduct business in the global arena.
The Global MBA offers part-time
and full-time programs in areas such
with the Wharton School, numerous visiting professors,
and a study module and trip to India or China.
as Innovation, Strategic Management,
Entrepreneurship and Global PART-TIME
Management that share core classes
in general management taught from a Sunday 16:00-21:00
Friday 8:00-14:00
global perspective.
Global Global Management is designed for working professionals
who plan to continue working throughout the program.

MBA
Program
Global Strategic Managment
GMBA - Global Entrepreneurship
GEMBA-
In addition to the core foundation in general management,
Global Strategic Management focuses on giving the students the
cutting edge tools and practical experience to design operational In addition to the core foundation in general management,
and business development strategies in a global environment. Global Entrepreneurship provides students with the
It is run jointly with the Wharton School, and sharpens the theoretical knowledge and practical tools vital to
students’ problem solving and strategic thinking ability. entrepreneurship. Students gain hands-on experience by
establishing a commercial or social venture with the direct

PART-TIME/Modular guidance of seasoned and successful entrepreneurs.

Sunday 16:00-21:00 FULL-TIME

MONDAY 16:00-21:00
Friday 8:00-14:00 Sunday 16:00-21:00
Wednesday 16:00-21:00
Global Strategic Management is designed for students who have
a flexible work schedule and/or agreements with their employer, allowing for an
Friday 8:00-14:00
increase in time devoted to projects throughout the program.
Global Entrepreneurship is designed for students interested
in devoting most of their time and energy to developing their
own ventures; that is, for true entrepreneurs.

Global MBA Global MBA

6 7
The Global Management
GMBA
Head of Program:
Dr. Nadine Baudot Trajtenberg

This rigorous program prepares students to meet the challenges of the modern business world
by providing them with the theoretical and practical tools to conduct business in the global
arena.

The foundation of the program is built on core business management principles, where the
global perspective is incorporated into each discipline, whether marketing, finance, strategy, or
decision analysis. In addition to examining the core management courses from an international
framework, students will round out their studies with globally focused electives including an
India or China module with a study trip. During the trip students will visit local and multinational
companies in a variety of locations and industries.

The faculty consists of the best lecturers from the world’s leading business schools. They are
involved in the business arenas of various countries, giving students access to their expertise in
the global market, as well as to the Israeli business sector’s strength in innovation, hi-tech and
entrepreneurship.

“The Global MBA program has been a place where I have

gained vast knowledge about how to manage a business with
direct guidance from top professors and also where I have
built a very strong professional network, but it’s also a place
where I have made real friends.”

Claudia Chvaicer
Global MBA, Global Management
Graduating Class of 2012
Undergraduate degree: Advertising and Communication
Anhembi Morumbi University
São Paulo, Brazil
Product Analyst Senior- Expand Group Brazil

An Invitation
to Make a Difference
We invite you to join us in this adventure, where you will gain professional skills
and knowledge from a faculty who are experts in their fields and drawn from
the world’s top business programs. Simultaneously, you will build a professional
network with the leaders of the future that you will carry for a lifetime.

Global MBA Global MBA

8 9
Global Strategic Management
GMBA
Head of Global Strategy Track:
Mr. Yuval Dovev

This distinctive program is comprised of core business courses become a part of a multinational consulting team made
along with a specialization in Global Strategic Management, up of students from top business schools who will work
a track that is run jointly with The Wharton School at the together on a real-life project sponsored by a real client,
University of Pennsylvania. either a Multinational or Israeli company.

Graduates earn a Global MBA degree from the IDC along with
a Wharton-IDC GCP (Global Consulting Practicum) graduate
diploma.
The Global Strategic Management studies enable students
to acquire the tools and management techniques used
by international management consulting firms. Students
This Global Consulting Practicum includes sponsored
international travel and provides genuine global
collaboration and practical experience. Students have
access to an extensive international network and work
closely with the finest graduates of the world’s leading
business schools.

“Working with a team of highly talented MBAs from Wharton

and ISB (one of India’s top Business schools, in Hyderabad),
exposed me to the sensitivities of different cultures, but also to
the universality of professionalism and personal integrity.”

Noam Bernstein
Global MBA, Strategic Management
Graduating class of 2011
GCP Project-TEVA Pharmaceuticals
Undergraduate degree: Industrial/Product Design
Bezalel Academy of Art and Design
Israel

Empowering future business leaders

to develop the strategies & tactics for
success
in tomorrow’s global marketplaces
The international arena continues to undergo dramatic With questions looming about global markets, Global
changes, from volatile financial markets to accelerating Strategic Management prepares students to meet these
innovation and vast migrations of service and challenges and anticipate these changes through studies that
manufacturing sites. strengthen strategic planning skills.

Global MBA Global MBA

10 11
The Global Entrepreneurship
GEMBA Head of Program:
Prof. Ronen Israel

This exceptional program is designed for students who wish to acquire the “We don’t teach Entrepreneurship.
necessary skills to start their own venture in the global market. We work together with our network
of Israeli Entrepreneur friends who
have “made it” so that we can enable
Students are provided with state of the art entrepreneurship studies together our student entrepreneurs to bring
with the core business courses of the Global MBA. their dreams of creating a successful
and meaningful business or social
enterprise to life. This program is not
The curriculum addresses entrepreneurship in all its aspects and allows students
for everyone. It is for those who want
to gain practical experience by establishing a commercial or social venture. to leave their impact on society and
are willing to do what it takes to make
The Global Entrepreneurship program builds on Israel’s status as a center of high- it happen.”
tech entrepreneurship and depends on IDC Herzliya’s reputation and resources Prof. Ronen Israel
as a leader in business education. Head of Program, Global
Entrepreneurship-GEMBA

This challenging and intense endeavor is suitable for students who have
demonstrated entrepreneurial, business or leadership skills and are interested in
devoting most of their time and energy to developing their own ventures.

“I’m not sure I actually would have “Starting a business is an

started my business had it not been immense challenge, and I
for the support and knowledgeable knew that I’d need help. The
direction I received from Global Global Entrepreneurship
Entrepreneurship professors, board program provided a
members, and classmates. I wanted to structured framework for
start my business for three years but it support as well as the
wasn’t until I joined the program that guidance and expertise of
my idea became a viable business.” serial entrepreneurs.”

Naomi Younger Aaron Blank

Global MBA Program, Global Entrepreneurship-GEMBA Global MBA Program
Graduating class of 2011 Global Entrepreneurship-GEMBA
Undergraduate degree: BS Business Administration Graduating Class of 2011
University of Southern California Undergraduate Degree: Literature
Founder, SEGlet Colby College, USA

A hot-bed of
Entrepreneurship
The IDC Global Entrepreneurship program draws on, reflects You will find start-ups that launched the solutions
and contributes to Israel’s extraordinary entrepreneurial that created entire industries, companies that have
achievements. IDC is geographically located in Herzliya, exited on major financial markets, and investors
one of the most veteran and exciting crucibles of from Israel and abroad.
entrepreneurship in the world.
Global MBA Global MBA
12 13
GLOBAL MBA
Taken from the IDC Herzliyan Spring 2010 issue
by Joy Pincus

Members of IDC’s winning team stand with Prof. Sarit Markovich and Mr.
Students Claim Victory Yuval Dovev, Head of the Strategic Management track of the Global MBA,
who advised them on their winning strategy (from left: Ilan Guttman, Yaniv
Nissim, Sarit Markovich, Yuval Dovev and Noam Bernstein) 
IDC team overcomes some 1,500 students
from all over Israel
in national leading business magazine,
The Marker’s Case Study Competition.
When Yaniv Nissim, Noam Bernstein and Ilan Guttman, three students in the IDC’s Global MBA
Program entered The Marker’s ‘Case Study’ competition, they were in it to win.

The contest, co-sponsored by Entrepreneur Dan David and TASC international consulting firm, invited
MBA students to solve real-life problems posed by four leading Israeli companies. Some 1,500 students
in 416 teams registered for the first round.

“For the first cut, we were given a general problem to solve, that related to a consumer electronics
company and what it had to do in order to grow its market share,” says Nissim. The team, who chose
the name “YNG” to represent their team, did more than solve the problem at hand - they delivered it in
an exciting visual manner, using graphics to get their message across and win them an extra edge. The
judges were impressed, and YNG moved to the semifinals. For next round, the 40 semifinalists were
divided amongst the 4 ‘client’ companies, with YNG assigned to Bank Leumi. They met with Bank Leumi
executives, who briefed them on their challenge: Develop a strategy for the bank to enter the field of
mobile banking.

According to Nissim, “Mobile banking is happening around the world, and there are security issues and
psychological barriers, so one of the main things we had to show the bank was an added value that
would motivate users to switch banks or to deepen their relationship with the bank.”
“When I was looking for a
top tier MBA program, among
The team sailed through semifinals, with one more hurdle to go: Final Presentations at the end of other things I was looking for
January. To prepare, they debated long and hard on their opening – what words and even what a diverse program that focused
intonation to use. on broad subjects that would
attract people from very different
backgrounds.
All that was left was to wait, and at a special event in downtown Tel Aviv, the winners were announced
and the three team members were thrilled to hear that they would be taking home the first place prize With the Global MBA I found
for Bank Leumi. A second IDC team, with members Ron Levy, Uri Ron and Amir Rapson, took third exactly that: a demanding
program with first rate professors,
place with their solution for Matrix. According to the team, they could never have succeeded without
a focus on conducting business
IDC and their advisors from the Global MBA program. in a global environment, and a
diverse group of classmates.”
“IDC helped us a lot all along the way,” says Nissim, “especially Prof. Sarit Markovich, a Strategy
Amir Rapson “They were in it to win, and it was
Professor in the Global MBA Program, and Mr. Yuval Dovev, head of the Global Strategy Track of the Global MBA, Global Management really exciting to see that commitment.”
Global MBA Program. Graduating Class of 2012
Undergraduate degree: Physics Prof. Sarit Markovich
Tel Aviv University, Israel Global MBA Program, Arison School
Director of Embedded Development- CTERA Networks of Business

Global MBA Global MBA

14 15
Give your
career path Career
a head start Karin Kaufman
Director of the Career Development Center
Development Center
The Career Development Center (CDC) at IDC Herzliya aims to prepare students and alumni for the modern
Former HR Manger of Polar International Group job market by providing them with the tools and resources to find employment both before and after they
Earned an MBA from the IDC, Arison School of Business
graduate. CDC serves as a bridge between the educational and the professional periods in the lives of IDC
Herzliya students and alumni. The CDC provides a variety of networking, career counseling, placement and
informational services to IDC Herzliya students and alumni enabling them to meet their career goals.

CDC services
include:
»» Recruiting and Networking Events which allow employers and students to meet and network.
»» Individualized career counseling and career guidance in the field of employment: Career paths, CV workshops, Interview tips.
»» A frequently updated database containing a variety of full-time, part-time and short-term job and internship offers.
»» A variety of open positions for MBA students/alumni are sent via emails on a weekly basis.
»» Workshops, lectures and printed material on supplementary processes of job hunting.
»» Job Fairs.

Professional acceleration
Personal empowerment
Global perspectives

Global MBA
17
The best
from Academia

The most
successful
“Eventually, what you get from this program is in relation to what you put into
it. Thankfully, what I found in the GMBA is that I am surrounded by good people
and they all put a lot into it.”

Arnon Schrire
from Business Global MBA, Global Management
Graduating Class of 2012
Undergraduate degree: Information System Engineering & Knowledge Management
Technion
Project Manager, SW Team Manager, Consultant, and System Analyst- Matrix IT

An interaction that
inspires

Global MBA Global MBA

18 19
Select Faculty
of the Global MBA
Prof. Amir Barnea
PhD, Cornell University
Prof. Barnea is the founding dean of the Arison School of Business. He was a
professor of finance at Tel Aviv and Rice universities. His main area of specialization
is corporate finance. He has published many articles in top journals of finance and
the book Agency Problems and Financial Contracting. Prof. Barnea has been a board
member of the Tel Aviv Stock Exchange, a member of public committees and a board
member of public corporations in Israel.
Prof. Elazar Berkovitch
PhD, Northwestern University
Prof. Berkovitch is the former dean of the Arison School of Business and the director
of its MBA Program. He has been a professor at the University of Michigan and at the
School of Business Administration at Tel Aviv University and served as a member of
the editorial board of the Review of Financial Studies and the European Financial
Review. The primary focus of Prof. Berkovitch’s research is corporate finance, mergers
and acquisitions, bankruptcy and firm reorganization.
Prof. Jacob Boudoukh
PhD, Stanford University
Prof. Boudoukh is a graduate of the PhD program in finance at Stanford University’s
Graduate School of Business. Currently he serves as the research director of the
Rothschild Caesarea Center for Capital Markets and Risk Management at IDC. Until
2004 he served as an associate professor of finance at the Stern School of Business,
NYU. His research focuses on empirical asset pricing, investments, derivatives and
risk management.
Global MBA
20
Prof. Eyal Byalogorsky
PhD, Duke University
Prof. Biyalogorsky has a PhD in marketing from Duke University and a BSc in electrical
engineering from Tel Aviv University. He is an associate professor at the University
of California, Davis, where he teaches courses on pricing, product management
and marketing management. Prof. Biyalogorsky’s research has appeared in leading
marketing journals such as Marketing Science and the Journal of Marketing. He
received the “Professor of the Year Award” recognizing excellence in teaching in 2000,
2003 and 2004.
Prof. Rafi Eldor
PhD, Harvard University
Prof. Eldor is the academic director of the Caesarea Edmond Benjamin de Rothschild
Center for Capital Markets and Risk Management at IDC. He has taught at Tel Aviv,
Boston, Columbia and Bar-Ilan universities. He has served as the chief economist of
Israel Discount Bank, chairman of the board of a publicly traded company, general
manager of a money management firm and a consultant on futures and options. He is
the author of a number of books and textbooks.
Prof. Ronen Israel
PhD, Northwestern University
Prof. Israel is a finance professor at the Arison School of Business, the
director of the Entrepreneurship Center at IDC Herzliya and a visiting professor
at the University of Chicago Graduate School of Business. Prof. Israel has served as a
finance professor both at Michigan University Business School and Carnegie
Mellon University and taught in the MBA programs at the Kellog School
of Management at Northwestern University, Columbia Business School, Duke
University and London Business School. He has published many articles in leading
economic journals on corporate finance. His main research interests are the capital
allocation process, organizational design, capital structure and bankruptcy. Prof.
Israel’s current research focuses on entrepreneurial finance, the capital
location process and managerial compensation.
Global MBA
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Select Faculty
of the Global MBA
Dr. Varda Liberman
PhD, Tel Aviv University
Dr. Liberman is a deputy dean of the Arison School of Business and the director
of Mathematical and Statistical Studies at IDC. She has served as an associate
researcher at the Institute for Advanced Studies at The Hebrew University of
Jerusalem and at Stanford University where she still spends every summer as a
visiting researcher. Her research focuses on probabilistic judgments and decision-
making. She is the author of a number of books and textbooks.
Prof. Sarit Markovitch
PhD, Tel Aviv University
Dr. Markovich holds a BA in Computer Science and Economics and a PhD in
Economics from Tel Aviv University. Her postdoctorate is from the University of
Chicago in Economics. She joined the Arison School of Business after four years
at the Kellogg School of Management, Northwestern University. Dr. Markovich’s
research interests focus on strategic interactions in markets with network effects,
patents and licensing, enterprise-wide systems, and strategic pricing in IT markets.
Prof. Roni Michaely
PhD, New York University
Prof. Michaely’s recent research covers raising capital, conflicts of interest in the
investment and banking industry, and companies’ payout policies. In two recent
studies, Prof. Michaely was ranked number 25 in terms of the impact of his
publications and number 32 in terms of the number of publications among all
finance academics. He has won awards for best papers from the Journal of Finance,
the Journal of Financial Economics and the Review of Financial Studies.
Global MBA
22
Dr. Talia Rymon
PhD, University of Pennsylvania
Dr. Rymon serves as a deputy dean of the Arison School of Business and the head of
the Marketing Program at IDC. She has served as a faculty member at Carnegie Mellon
University. Dr. Rymon received a BA in economics from Tel Aviv University and an MA
and PhD in marketing from the Wharton School at the University of Pennsylvania. Her
research interests include marketing strategy, competitive signaling, entertainment
marketing and services marketing.
Prof. Oded Sarig
PhD, University of California,
Berkeley
Prof. Sarig is the Shrem, Fudim, Kelner Professor of Finance at IDC and former dean of the
Arison School of Business. Prof. Sarig received his BA in accounting and economics from
Tel Aviv University. His past academic positions were at Columbia University, Tel Aviv
University and the Wharton School of the University of Pennsylvania. He has published
books and multiple articles in leading academic journals.
Dr. Mark Schwartz
PhD, York University
Dr. Mark Schwartz is associate professor of Governance, Law and Ethics at York University,
Toronto and a lecturer in the Legal Studies and Business Ethics Department of the
Wharton School, University of Pennsylvania. He has published in a number of academic
journals including the Journal of Business Ethics, Business Ethics Quarterly, and Business
& Society. He is a co-author of the textbook Business Ethics: Readings and Cases in
Corporate Morality and is a research fellow of the Business Ethics Center of Jerusalem.
Dr. Schwartz has consulted with a number of business firms and governments around the
world on topics related to business ethics.
Global MBA
23
Select Faculty
of the Global MBA
Dr. Dan Segal
PhD, New York University
Dr. Segal is a faculty member at the Arison School of Business. He has degrees in
business administration, economics and accounting. His primary research interests
include financial accounting issues such as the effects of accounting information on
economic decisions, earnings management, the conservatism principle and company
valuation. Dr. Segal has published research papers in leading accounting and finance
journals such as the Accounting Review, the Journal of Accounting Research and
Review of Financial Studies.
Prof. Oded Shenkar
PhD, Columbia University
Prof. Shenkar is the academic advisor of the Global Management Program (GMBA) at
IDC Herzliya. His academic training is in business administration, East Asian (Chinese)
studies and sociology. He specializes in Chinese management systems, cross-border
alliances and mergers, and the management of multinational companies. Prof.
Shenkar holds the Ford Motor Company Chair of Global Business Management and is
a professor of Management and Human Resources at the Fisher College of Business,
Ohio State University. He was a senior visiting fellow at Cambridge University and
has taught at leading universities around the world. He also serves as a consultant to
multinational enterprises, governments, international institutions and universities. Prof.
Shenkar is vice president of the Academy of International Business. He has published
numerous articles in major journals and is the author of many books, most recently The
Chinese Century.
Dr. Neil Wilkof
JD, University of Chicago;
PhD, University of Illinois
Dr. Wilkof is a partner and head of the Intellectual Property and Information Technology
Department of the law firm of Herzog Fox & Neeman, Tel Aviv. Dr. Wilkof has served as
an adjunct lecturer at Bar-Ilan University, the University of Haifa and the ITT Chicago-
Kent School of Law and as a consultant to the Global Entrepreneurship MBA Program
(GMBA). Dr. Wilkof is the author of the first edition and is co-author with Daniel Burkitt
of the second edition of Trade Mark Licensing and is a co-editor of Intellectual Property
in the Global Marketplace. He is a member of the editorial board of the European
Trade Mark Reports, European Copyright and Design Reports and the Oxford Journal of
Intellectual Property Law & Practice.
Global MBA
24
Dr. Nadine Baudot-Trajtenberg
PhD, Harvard University
Dr. Baudot-Trajtenberg is associate dean of the Global MBA Program. She has
taught at Tufts and Tel Aviv universities. Dr. Baudot-Trajtenberg spent 20 years
in the banking industry in Israel and is a leading spokesperson to the investor
community on matters of finance, banking and economic developments. Her
interests are the economics of globalization, corporate communication, and the
political economy of Israel. She serves on the board of public corporations and
public organizations.
Prof. Yair Tauman
PhD, The Hebrew University
of Jerusalem
Prof. Tauman obtained his PhD and MSc in mathematics, both under the
supervision of Nobel Laureate Robert Aumann. His areas of research are game
theory and industrial organization. Prof. Tauman has published articles in
Econometrica, Games and Economic Behavior, Journal of Economic Theory,
Quarterly Journal of Economics, RAND Journal of Economics, among others. He
has been Leading Professor of Economics and the Director of the Center for
Game Theory in Economics at State University of New York, Stony Brook. Prof.
Tauman has taught at Tel Aviv and Northwestern universities, at the Kellogg
School of Business and was a visiting professor at Stanford University.
Insight Knowledge
Experience
Global MBA
25
Overseas The Global MBA
Module Program
benefits from the academic guidance
of Prof. Oded Shenkar,
an expert on global management
who has extensive experience
conducting business in China.

Prof. Oded Shenkar

“On August 1st I began my

The idea behind the country modules is that efficient and effective business
true education of China when
operation in any market requires thorough knowledge of the context in which we landed in Shanghai. Until
business takes place. The module and study trip therefore introduce students then, we studied in class, I read
to the historical, economic, cultural, social and geopolitical circumstances of a a few online articles, looked
at a tourism book- but nothing
country along with its economic and geopolitical rise. At the end of the module,
could prepare me for the
students will be familiar with some of the unique features of each country and true experience the study trip
develop tools with which to extend their knowledge in the future. The study trip delivered.”
allows students to fully immerse themselves in the environment and take their
Adit Moskovitch
business and cultural understanding to a deeper level. Global MBA, Global Management
Graduating Class of 2012
Undergraduate degree: Double major of
Computer Science and Economics
Tel Aviv University
Director Field Services EMEA- Jacada
The Ted Arison
Family Foundation
TED ARISON
(1924-1999)
Ted Arison was born and raised in
Tel Aviv, studied engineering at the
American University in Beirut but left
to enlist in the Jewish Brigade of the
British Army during WWII. Mr. Arison
went on to become a lieutenant-
colonel in the Israel Defense
Forces. He set up the renowned
Carnival Cruise Company in Miami,
established the National Foundation
for Advancement in the Arts and the
New World Symphony, and purchased
the Miami Heat NBA Team. Mr. Arison
founded the Arison Foundation in the
U.S. and, in 1991, also established a
Global MBA
28
foundation in Israel bearing his name.
The Israeli foundation supports and
contributes to education, health,
research, and art.
The Arison School of Business at the
IDC was established in 1995 through
the support of the Ted Arison Family
Foundation. The Family Foundation
continues to play a prominent role in
supporting the success of the program.
The Ted Arison Family Foundation is
headed by Mr. Ted Arison's grandson,
Mr. Jason Arison
Global Business
Oath
At the recent 2010 Annual World Economic Forum, members
of ‘The Forum of Young Global Leaders’, including Efrat Peled,
Chairperson and CEO of Arison Investments, joined forces
with top tier business schools in an effort to transform the
value system associated with current business practices. 
The forum devised a Hippocratic Oath of sorts for MBA
students, by introducing a petition that outlines a
commitment to ‘do no harm’ and to add value throughout the
practice of business management.
The IDC, Arison School of Business is the first business school
in Israel to embrace the pledge at an institutional level. Many
MBA students at the IDC who have long been involved with
volunteer activities are eager to unite with other business
schools in supporting and furthering this cause.
Global MBA
29
RAPHAEL RECANATI
International School
The Raphael Recanati International
School was established in order to
allow students from around the world
to benefit from the excellent academic
programs at IDC Herzliya by offering
several of these programs in English.
The school strives to find the brightest
and most promising young adults and
help them develop the skills necessary
to become the world’s future leaders,
Global MBA
30
while introducing them to Israel and
all it has to offer. The school has
grown quickly, attracting hundreds
of talented students from across
the globe with its high academic
standards, outstanding faculty,
innovative teaching methods and
personal attention to each student’s
needs. It is the only institution in
Israel where one out five students are
international students thus creating
an international flavor on campus.
Many Israelis who are looking for
a global outlook and would like
to perfect their English-language
skills study at the Raphael Recanati
International School. Global MBA
students benefit from the services
provided through the RRIS and are
active participants in RRIS activities.
Global MBA
31
RAPHAEL RECANATI
International School
Building a community
together with you
Though the Raphael Recanati International School’s
main focus is academics, it also provides international
students, including Global MBA students, with the
opportunity to learn more about Israel and the Middle
East. International students learn side by side with
their Israeli counterparts and are involved in all aspects
of campus life, from the Student Union and volunteer
projects to sports and debate teams. The school
offers an extensive extracurricular program that takes
students beyond the boundaries of the IDC Herzliya
campus and acquaints them with the long, rich, diverse
history of Israel.
Studying in an academic institution in Israel is a
fantastic way for students to become acquainted with
contemporary Israel and the history of the Jewish
People. The staff of the Raphael Recanati International
School feel a responsibility to take students beyond
the boundaries of the IDC Herzliya campus and
expose them to all that Israel has to offer, from the
Golan Heights in the north to the Red Sea in the
south. This is done through a variety of extracurricular
activities. They include field trips, seminars and events
in uniquely Israeli locations, such as Masada and
Jerusalem; hiking trips in the Galilee and the Negev;
and becoming better acquainted with Israeli society by
volunteering in the Herzliya community.
The municipality of Herzliya invites the school’s
students to the cultural events and performances it
organizes free of charge. The school also organizes
events on campus, such as a Theater Club and the
Ambassadors Club, which teaches Israel advocacy and
diplomacy. In addition, a wide range of social events –
from barbeques to beach parties to formal receptions –
bring together international and Israeli students. These
activities are intended for both undergraduate and
Global MBA students.
Global MBA
32
Language Development
Global MBA students are able to partake in the Hebrew Ulpan in the summer
before the program begins. Throughout the program Global MBA students are
able and encouraged to continue their Hebrew language development and may
take Elective Language Courses in Arabic, Italian or French.
Debating Club
IDC Herzliya’s Berman-Lippa Family Foundation Debating Club is the largest
debating club in Israel and one of the most popular activities at IDC Herzliya. The
club has represented IDC Herzliya in competitions in Israel and abroad, winning
first prize at the European University Debating Championship in the “English as a
Second Language” category.
IDC Entrepreneurship Club
Another anchor of extracurricular activities is the IDC Entrepreneurship Club,
which facilitates the exchange of information and views among students
with entrepreneurial interests and ideas, faculty members and successful
entrepreneurs.
Social responsibility and social entrepreneurship are components of the club as
well.
Young Entrepreneurs Israel Program
Reflecting IDC Herzliya’s philosophy that campuses should be an integral part
of their communities, many student activities focus on serving the public. Some
extracurricular activities allow students to use their newly acquired knowledge
to contribute to the community. For example, business students can mentor
budding entrepreneurs at local schools through the Young Entrepreneurs Israel
Program.
Hillel
The IDC Herzliya Hillel House serves as a hub for Jewish activities on campus and
a platform that enables a variety of student initiatives. It aims to enrich students’
lives with meaningful Jewish experiences. The IDC Herzliya Hillel House strives
to meet the specific needs of international, veteran Israeli and new immigrant
students through activities that celebrate the broad spectrum of languages and
cultures in Israel. Activities include Friday night dinners, trips around Israel,
weekend seminars and celebrations of Jewish and Israeli holidays.
Global MBA
33
 ALUMNI SERVICES
ASSOCIATION For Global MBA Students
Visa and Status
Assistance
Students are responsible for clarifying
IDC Herzliya’s first graduates and administration together
and establishing their status in Israel
founded the Alumni Association in 1998. It has grown to
and can turn to the Raphael Recanati
have some 6,000 members. Alumni from various years
International School staff for advice
volunteer to serve on the Alumni Association Board,
and assistance. Before commencing
planning its activities with the director.
studies, all students must clarify
their status and eligibility for a visa
The Alumni Association seeks to foster relationships
or Israeli citizenship with the Israeli
between alumni, as well as between alumni and IDC
embassy or consulate in their county
Herzliya, and to encourage graduates to help one another
of origin.
advance common goals. The Alumni Association’s goals
include establishing a dynamic network of alumni in order
The Ministry of Immigrant Absorption
to help alumni further their professional careers in Israel
provides advice and assistance to
and abroad. It strives to be a supportive organization that
students considering immigrating to
offers services and activities relevant to alumni and to
Israel.
develop avenues for alumni of experience and stature to
serve as mentors and role models for current students.
Health Insurance
All IDC Herzliya students are required
Alumni Association to have comprehensive health
Activities & Services insurance coverage throughout their
»» Organizing professional enrichment conferences and seminars. studies. Israeli citizens, including new
»» Sponsoring remedial, elective and continuing education immigrants, receive health insurance
courses for alumni at reduced prices. for a low monthly fee in accordance
»» Helping alumni to continue to use IDC Herzliya services, such with the country’s health insurance
as the Career Development Center and the Marc Rich Library, legislation. An Israeli health fund
by arranging informative and networking events specifically for provides a special insurance plan for
alumni. international students at IDC Herzliya.
»» Hosting on-going social events so that alumni can stay The plan provides comprehensive
connected. health coverage and high-level
»» Establishing and coordinating business clubs which allow primary and secondary medical care
alumni to meet leading figures in the Israeli economy. for $500. This includes hospitalization,
»» Fostering ties with alumni associations of other institutions in a 24-hour English-language
Israel and around the world. hotline, house calls and subsidized
»» Operating an internet site that is an effective tool for nurturing medication. Students can sign up for
connections and furthering cooperation between alumni. health insurance through the Raphael
»» Organizing community service initiatives and raising funds for Recanati International School.
scholarships.

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SCHOLARSHIPS
for Global Various scholarship
MBA Students opportunities
are available
to Global MBA
Students.
Global MBA Committee Scholarships
These scholarships are awarded based on
academic excellence and professional and
personal achievements.
Masa Scholarships
The Jewish Agency for Israel and the Israeli
Prime Minister’s Office co-sponsor the
Masa project to encourage young Jews
who are not Israeli citizens to study in
Israel. Application forms for Masa must
be submitted to the Raphael Recanati
International School, which will stamp
the application and forward it to Masa.
Masa will not accept applications without
an RRIS stamp. Please note, Masa is an
independent initiative and therefore its
criteria for evaluating scholarship requests
may differ from those used to evaluate
requests for the Global MBA Program.
www.masaisrael.org
FFEL Loan
for U.S. Students
The Raphael Recanati International School
at IDC, Herzliya has been approved by the
U.S. Department of Education as a Foreign
School to participate in the FFEL Loan
Program. Students will need to submit a
FAFSA and can do so electronically at the
following website: www.fafsa.ed.gov
This website allows the student to submit
a FAFSA, make any needed corrections
and print the student version of the FAFSA
request. Our FAFSA school code is G40703.
Etti Levi - Financial Aid;
E-mail: Ettile@idc.ac.il
Global MBA
36
APPLICATION &
Admission Regulations
Application Period
The application period for the academic year starting in 2011 and ending in 2012 is
December 1st, 2010– July 1st, 2011.
The Global MBA Program has a rolling admissions process, meaning that applicants
do not have to submit an application on a fixed date but may submit their
application at any time prior to the last deadline on July 1st. Due to the competitive
nature of the admissions process, applicants are recommended to prepare their
application well in advance of the deadlines. In particular, studying for and taking
the GMAT is a lengthy process that should be started in parallel with the application
process.
The early application period is open from December 1st, 2010 until February 1st,
2011.
The standard application period is open from February 1st, 2011 until July 1st, 2011.
Application Fee (non refundable)
Application fee: $110. U.S.
The application fee covers part of the expense of processing and evaluating an
application to study at IDC Herzliya.
Admission Criteria
»» Completed Undergraduate Degree
from a recognized academic institution.
»» Solid academic background as demonstrated
by grades and overall GPA
»» GMAT score
»» Demonstrated professional experience
»» Outstanding personal achievements
Global MBA
37
How
to Apply?
Online application
Complete the online Application form, including essays, recommendation letters,
transcripts and documents at:
http://www.idc.ac.il/GraduatePrograms_Registration/

Upload the scanned Official transcripts of previous academic studies

(undergraduate or graduate degrees). The documents have to bear the official
stamp from the issuing institution. Scanned photocopies of the original
documents will be accepted only if properly notarized. Upload to:
http://www.idc.ac.il/GraduatePrograms_Registration/

Official results of the GMAT exam. *Applicants should ask the testing agency to
send the results directly to the IDC, Arison School of Business.

Upload a detailed CV describing professional experience to:

http://www.idc.ac.il/GraduatePrograms_Registration/

Upload 2 (two) letters of recommendation. Preferably one from a source who

can comment on Academic abilities and one from a source who can comment on
Professional experience:
http://www.idc.ac.il/GraduatePrograms_Registration/

* If requested original documents will be returned by mail.

Application Process
The application process consists of two stages:
Stage 1: Your application will be evaluated by the
Admission’s Committee, based on the submitted material
(essays, official transcripts, GMAT score, etc..)
Stage 2: Applicants who successfully pass Stage 1 will
be invited to a personal interview with the Admissions
Committee. (Applicants living outside of Israel may be interviewed by
phone, video conference or by a visiting professor).

The admissions committee will evaluate and reach decisions

regarding your candidature and you will be informed of your
Applicant Status within 45 days of receiving the completed
application.

Applicant Status: Accepted, Accepted-Conditional, Waitlist, Rejected

(A, AC, WL, R)

Global MBA Global MBA

38 39
 Academic Calendar
FOR THE GLOBAL MBA PROGRAM CLASS
Securing your place in the Program
Accepted applicants must pay a down payment in order to secure their
place in the program. Please remember that only once the down payment
OF
2013
has been received is an accepted applicant’s place secured, thus Preparatory Courses for students who need Statistics,
August 7th-September 16th, 2011
confirming their place in the program Economics and/or Mathematics

October 2nd-11th 2011 Leadership workshop

Official start of the Global MBA Program- Orientation

October 21st, 2011
Ceremony
MBA Program Tuition October 23rd-December 12th, 2011 Mini Semester 1
1. The entire tuition for the Global Management (GMBA), which
begins in the Fall of 2011, is $27,000 U.S. December 18th, 2011-January 27th 2012 Mini Semester 2

2. The entire tuition for the Global Entrepreneurship (GEMBA), February 12th-March 23rd, 2012 Mini Semester 3
which begins in the Fall of 2011, is $29,000 U.S.
April 6th-13th 2012 Passover
3. Preparatory course tuition is $450. U.S. per course. Tuition
must be paid by the date stamped on the payment voucher.
April 15th-June 1st, 2012 Mini Semester 4

June 17th-July 27th, 2012 Mini Semester 5

August 5th-17th, 2012 Study Trip (China or India)

September 2nd-October 19th, 2012 Mini Semester 6

November 4th-December 14th, 2012 Mini Semester 7

December 30th, 2012-February 8th, 2013 Mini Semester 8

February 24th-April 12th, 2013 Mini Semester 9

Global MBA Program

Selected Core Courses Global Management Elective Courses Selected Global
Entrepreneurship
Courses
Business Strategy A Managerial Accounting Business & The Digital Media Company Entrepreneurship 101
Business Strategy B Marketing 1 China Module Bi-Cultural Negotiation Practicum in Sustainable
Ethics Marketing 2 Corporate Valuation Marketing Models Entrepreneurship
Financial Accounting 1 Organizational Behavior Decision Making Marketing Strategy Communication in the Business World
Financial Accounting 2 Private Equity Global Leadership Mergers & Acquisitions Entrepreneurs' Tales
Finance 1 Quantitative Methods Entrepreneurship in the Web Era Mythodrama Bringing Business to Life
Finance 2 Supply Chain Management EU Presentation Skills Workshop Entrepreneurial Finance
Global Strategy Thinking Strategically Global Economic Environment Pricing Policy
Human Resource Management Global Marketing Sales Management * Courses are open to all Global MBA students

Intellectual Property Rights Growing your own Company Strategic Innovation Management as electives

Leadership Development Intro to Entrepreneurship & S.U Sustainability

Global MBA Global MBA

40 41
MEET US
MBA
Consultations
We encourage you to arrange an individual consultation with us in order to gain feedback
about your candidate profile, ask questions and gain more insight into the Global MBA Program.
Although these meetings do not take the place of a formal Admissions interview they provide
you with valuable information throughout your application process.

To schedule an individual consultation either in person or by telephone

please contact:
MBArishum@idc.ac.il (Candidates living in Israel)
RRIS.us@idc.ac.il (Candidates living in North America)
RRIS.master@idc.ac.il (Candidates outside of Israel and North America)
You are also encouraged to fill out the contact form at:
http://portal.idc.ac.il/en/main/about_idc/campus_tour/Pages/ContactUs.aspx

OpenDays
The IDC, Arison School of Business hosts
Open Days, which take place on the IDC
campus throughout the year. These events
give you the opportunity to gain a deeper
understanding of the Global MBA Program
through presentations by heads of
programs. You also have the opportunity
to speak with professors, alumni and
current students. To find out when the
next Open Day is you may contact us
directly or go to: http://portal.idc.
ac.il/en/main/about_idc/campus_
tour/Pages/OpenHouse.aspx

Events
near you: Throughout the year the Global MBA
participates in numerous MBA Fairs
from Los Angeles, CA to Hyderabad,
India. Please contact the Admissions
Department to find out about events
in your area: MBArishum@idc.ac.il

Global MBA
42

Global
MBA
Program
Admissions Department
(for Israeli students)
Interdisciplinary Center Herzliya
Kanfei Nesharim St.
P.O.Box 167
Herzliya 46150, Israel
Tel: +972-9-952-7381
Fax: +972-9-956-7392
E-mail: master@idc.ac.il
www.janisdesign.netvision.net.il
Admissions Department
www.janisdesign.netvision.net.il
(for International students)
Interdisciplinary Center Herzliya
Kanfei Nesharim St.
P.O.Box 167
Herzliya 46150, Israel
Tel.: +972-9-9527658
Fax.: +972-9-9527334
E-mail: rrismaster@idc.ac.il