Over the past few years, corporate universities, as they are called, have become increasingly common. Independent of this, strategy process theory is also finding a place in international management research. In this paper, it will be shown that strategy process theory demonstrates an affinity with the concept of the corporate university. A survey of the 1,000 largest German companies for the "Federal Ministry of Education and Research" is examining for the first time how widespread corporate universities are in Germany and how they are organized. On the basis of this empirical data it will be shown to what extent the concept of the corporate university in practice is in line with the theoretical findings of strategy process theory.

In the brutally competitive world of high technology markets the need to manage and stimulate change is ever-present. A critical component for preparing companies to become 'agile giants' is customized management development intervention that allows participants to learn and problem solve in environments that match closely their corporate challenges. This article describes the longitudinal relationship established between Infineon Technologies, a German semiconductor manufacturer, and Babson College, a leading executive education provider. A centerpiece of the resultant program -running now for 6 years -is an action-based exercise where participants apply concepts and tools to actionable real-world company projects. Our goal is to create a strong opportunity focus whereby the company can quickly identify and bring to market new product ideas while still undertaking rigorous analytical due diligence. We describe the criteria used in selecting an academic partner, considerations employed in designing the program (Global Management Development), the importance of continuous improvement (e.g., taking a program module to China), and the metrics used to measure program performance. We conclude with the lessons learned from the partnership. Critically, these lessons are transferable to other customized program clients and to other executive education providers. Trusted partnerships result from commitment, openness and intellectual curiosity on both sides and it is hoped that this article provides some of the key guidelines required for program and company success.

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