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EU-funded Executive Training Program in Japan and South Korea

Date: 10/15/2013
Source: Deloitte
 The selection of the executives for the 2013 cycle of the Executive Training Programme (ETP), which will start in November 2013, has been completed. However, enrollment is now open for the 2014 cycle of this program that strengthens the activity of local companies and provides training for its executives.

„The Romanian companies aiming for an international development can capitalize on the opportunity of penetrating less explored markets by our entrepreneurs”, stated Ioana Vãdan, Consultant within Deloitte Consultanta, and coordinator of this stage of the program. „ETP supports local entities in their efforts to enter Japanese and South Korean markets by providing them with the necessary business, language and cultural training and also by supporting them to direct their resources to an international path.”

ETP offers the European companies and its executives the opportunity to develop their business, language (Japanese and Korean) and cultural knowledge and to succeed in entering the Japanese and South Korean markets, maintaining their cost levels as low as possible. In this respect, European Union helps Romanian executives by funding the whole training course and providing a scholarship (26,400 Euro a year for Japan, and 24,400 Euro a year for South Korea). Sponsoring companies, meaning employers of selected executives are also encouraged to contribute to the living expenses of ETP participants.

„Due to ETP, over 1,000 executives and 800 European companies managed to stand out in Japan and South Korea, successfully overcoming language and cultural barriers”, says Ioana Vãdan. „A survey conducted among the participants in the programme showed that over 65% of them became top managers with their companies. Moreover, the business cooperation with Japan and South Korea improved significantly, as the turnover of the respective companies has doubled within 10 years since the completion of the programme. Practically, ETP offers the EU companies the chance to expand in Asia and to create new jobs”.

In order to be selected, the executives must be EU citizens and employees of European companies which intend to start or to expand their operations in Japan and South Korea. The programme has three stages:
• A 3-week introductory training course, in London – on the economy, culture, and modern society of Japan and South Korea;
• 30 weeks of intensive management, business and language training in Tokyo or Seoul;
• 12 weeks of internship with a Japanese or South Korean company.

The trainings are provided by three world’s top universities:
• School of Oriental and African Studies, London University;
• Waseda University (Tokyo);
• Yonsei University (Seoul).

European executives can apply by accessing the website www.euetp.eu. The application deadline is May 31, 2014. The programme will run from November 2014 to November 2015. There are 45 places available for ETP Japan and 15 for ETP South Korea.

About Executive Training Programme (ETP):
The Executive Training Programme (ETP) is a EU-funded programme that provides European companies with the business, language and cultural training necessary for successfully entering the Japanese and South Korean markets. The way business is done in Japan and South Korea is so vastly different to how it is done in Europe that EU companies and executives doing business there need to be provided with specialist skills and insights. Growing the number of EU companies operating in both Japan and South Korea is a key strategic imperative for the European Commission.
More details available on www.euetp.eu




###


Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/ro/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and deep local expertise to help clients succeed wherever they operate. Deloitte's approximately 200,000 professionals are committed to becoming the standard of excellence.

© 2013 Deloitte Romania

Deloitte Consulting: EU-funded Executive Training Program in Japan and South Korea
Enrolment is open for next cycle starting in 2014



Bucharest, October 15, 2013 – The selection of the executives for the 2013 cycle of the Executive Training Programme (ETP), which will start in November 2013, has been completed. However, enrollment is now open for the 2014 cycle of this program that strengthens the activity of local companies and provides training for its executives.

„The Romanian companies aiming for an international development can capitalize on the opportunity of penetrating less explored markets by our entrepreneurs”, stated Ioana Vãdan, Consultant within Deloitte Consultanta, and coordinator of this stage of the program. „ETP supports local entities in their efforts to enter Japanese and South Korean markets by providing them with the necessary business, language and cultural training and also by supporting them to direct their resources to an international path.”

ETP offers the European companies and its executives the opportunity to develop their business, language (Japanese and Korean) and cultural knowledge and to succeed in entering the Japanese and South Korean markets, maintaining their cost levels as low as possible. In this respect, European Union helps Romanian executives by funding the whole training course and providing a scholarship (26,400 Euro a year for Japan, and 24,400 Euro a year for South Korea). Sponsoring companies, meaning employers of selected executives are also encouraged to contribute to the living expenses of ETP participants.

„Due to ETP, over 1,000 executives and 800 European companies managed to stand out in Japan and South Korea, successfully overcoming language and cultural barriers”, says Ioana Vãdan. „A survey conducted among the participants in the programme showed that over 65% of them became top managers with their companies. Moreover, the business cooperation with Japan and South Korea improved significantly, as the turnover of the respective companies has doubled within 10 years since the completion of the programme. Practically, ETP offers the EU companies the chance to expand in Asia and to create new jobs”.

In order to be selected, the executives must be EU citizens and employees of European companies which intend to start or to expand their operations in Japan and South Korea. The programme has three stages:
• A 3-week introductory training course, in London – on the economy, culture, and modern society of Japan and South Korea;
• 30 weeks of intensive management, business and language training in Tokyo or Seoul;
• 12 weeks of internship with a Japanese or South Korean company.

The trainings are provided by three world’s top universities:
• School of Oriental and African Studies, London University;
• Waseda University (Tokyo);
• Yonsei University (Seoul).

European executives can apply by accessing the website www.euetp.eu. The application deadline is May 31, 2014. The programme will run from November 2014 to November 2015. There are 45 places available for ETP Japan and 15 for ETP South Korea.

About Executive Training Programme (ETP):
The Executive Training Programme (ETP) is a EU-funded programme that provides European companies with the business, language and cultural training necessary for successfully entering the Japanese and South Korean markets. The way business is done in Japan and South Korea is so vastly different to how it is done in Europe that EU companies and executives doing business there need to be provided with specialist skills and insights. Growing the number of EU companies operating in both Japan and South Korea is a key strategic imperative for the European Commission.
More details available on www.euetp.eu




###


Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/ro/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and deep local expertise to help clients succeed wherever they operate. Deloitte's approximately 200,000 professionals are committed to becoming the standard of excellence.

© 2013 Deloitte Romania

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