AACSB INTERNATIONAL Global Accreditation-Getting Started James M. Daley Rockhurst University Karel Soudan University of Antwerp Joseph M. Phillips Albers School of Business and Economics Seattle University July 17, 2011

The Mission of AACSB International AACSB International advances quality management education worldwide through accreditation, thought leadership, and value-added services.

The AACSB Network 1208 member business schools in 77 countries and territories 620 accredited schools in 38 countries and territories (less than 5% of the schools offering business degrees worldwide) 177 accredited accounting programs in 5 countries 55 corporate/foundation/non-profit members Estimated 14 billion USD combined operating budget, averaging 20.6 million USD per school* Over 55,000 full-time equivalent (FTE) faculty and more than 1.5 million enrolled students* *Based on the 698 respondents to the 2009-10 Business School Questionnaire.

The World of Management Education Region Members Accredited In Process Estimated Schools Offering Business Programs Africa 12 1 2 781 Eastern, South-Eastern, and Southern Asia 163 33 41 5,545 Central and Western Asia 37 9 11 557 Europe 208 53 2,444 Latin America and the Caribbean 56 13 6 1,985 Northern America 694 498 61 1,727 Oceania 38 10 101 Totals 1,208 620 184 13,140

Global Accreditation Total = 770 AACSB (607) EQUIS / EPAS (164) 49 (6.4%) 30 (3.9%) 521 (67.7%) 48 (6.2%) 37 (4.8%) 8 (1%) Use this not only to finish pointing out that accredited schools make up only a fraction of the total number of institutions awarding business degrees, but also to point out that on the other side, our increasing size relative to other global accreditation has led the Board to begin thinking about ways to increase value amongst existing accredited schools. Discuss importance of the work of the special committee in this context. (Transition to next section of slides) With the remaining slides, we’ll talk about other areas in which the future of management education is being shaped, and discuss some of the ways that AACSB – through its governance structure, committees, task forces, special interest groups, professional development, publications, etc. (all of which are comprised of/contributed to by members) – is helping to shape that future. 77 (10.0%) AMBA (170) Source: AACSB analysis of publicly available data as of 31 March, 2011 5

The Value of AACSB International Accreditation Aspires to be the highest standard for business schools worldwide A voluntary commitment to quality and continuous improvement Rigorous self-assessment and comprehensive peer review

AACSB International Accreditation Ensures a Business School: Manages resources to achieve a vibrant and relevant mission Advances management knowledge through faculty scholarship Provides quality teaching and current curricula Earns recognition for excellence joining AACSB accredited business schools that are among the best in the world (less than 5% of world’s business schools are AACSB accredited)

AACSB International Accreditation Ensures a School: Cultivates meaningful interaction between students and a qualified faculty Produces graduates who have achieved specified learning goals Makes a statement to external communities about your commitment to quality and continuous improvement

Other Benefits of Accreditation Benchmarking Data Information on trends in business education Access to good ideas Networking with other schools

Once you have it, then what?? No one wants to lose it Use to build in a discipline around key areas of: Strategic planning Assurance of learning Faculty qualifications

Strategic Planning Initiate a new planning process every three years or so Large, inclusive group Update annually Track progress annually Maintenance Reports were a good tool for that Institute something similar

Assurance of Learning Have a plan that lays out what will be done each year Track that on an annual basis Report back to the faculty on an annual basis In the US, regional accrediting bodies are also expecting this

Faculty Qualifications Track AQ/PQ and Participating/Supporting coverage for each academic session, including simulations on planned schedules Report results to faculty and Chief Academic Officer Leverage to ensure sufficient faculty resources No Chief Academic Officer wants Continuing Review or accreditation lost on his/her watch

Faculty Qualifications Manage the AQ to the 50% undergrad / 70%(?) grad level AQ/PQ Definition Get faculty to work together on scholarship Part-time (adjunct) faculty can be “participating” with appropriate activities supporting the school outside of teaching Participating/Supporting Definition

Promote Your Accreditation Place seal on all publications and materials. Make it clear on your website. AACSB wants you to, and its good for you, particularly outside of the US where it is less common. AACSB accreditation brings immediate credibility with global partners, certainly those in the US.

Keep Your Finger on the AACSB Pulse Need to stay current with what is happening at AACSB. Someone needs to attend a regional, annual, or deans’ meeting each year. Don’t go 3-4 years not worrying about AACSB. Send faculty and other administrators to occasional meetings so they learn for themselves – “AACSB Succession Planning”