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Agency draws up business school standards
By Vera Ye |
April 18, 2013, Thursday
|
Online Edition
Online Edition
AACSB International, the leading accrediting agency for business schools worldwide, has released a set of standards it claims will help business schools meet the rapidly changing environment.
Based on a study of market needs, the agency has reconsidered definitions of excellence and the role of accreditation, and defined new standards stressing three key areas of innovation, impact and engagement.
"Business schools are at a time of unprecedented change. To remain current, leaders within the industry had to stand back and evaluate where management education needed to go," said Joseph DiAngelo, chair of the AACSB Board of Directors and dean of the Erivan K Haub School of Business at Saint Joseph's University.
"Throughout this process, we looked deeply at the marketplace to determine new routes to relevance, to ensure business schools are developing the type of leaders that society needs for the future."
The changes will keep business schools at the heart of global commerce," DiAngelo said.
Established in 1916, AACSB International is an association of more than 1,350 educational institutions, businesses, and organizations in 83 countries and regions.
Based on a study of market needs, the agency has reconsidered definitions of excellence and the role of accreditation, and defined new standards stressing three key areas of innovation, impact and engagement.
"Business schools are at a time of unprecedented change. To remain current, leaders within the industry had to stand back and evaluate where management education needed to go," said Joseph DiAngelo, chair of the AACSB Board of Directors and dean of the Erivan K Haub School of Business at Saint Joseph's University.
"Throughout this process, we looked deeply at the marketplace to determine new routes to relevance, to ensure business schools are developing the type of leaders that society needs for the future."
The changes will keep business schools at the heart of global commerce," DiAngelo said.
Established in 1916, AACSB International is an association of more than 1,350 educational institutions, businesses, and organizations in 83 countries and regions.
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