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Accreditation helps institutions foster international partnerships, which can enhance their impact on society. Reputation and high rankings alone are no longer enough for business schools. In a globalized economy, international accreditation and quantifiable benchmarks provide an internationally recognized framework to demonstrate school quality, long-term partner viability, development and growth potential important way to do it. According to Professor Eric CORNUEL, President of EFMD Global (EFMD), a rigorous accreditation system does not only rely on a few criteria that vary from year to year. A good system, he says, provides an accurate and comprehensive picture of what the school offers, its ethos and its value to its students and partners. “This allows us to identify leading institutions in terms of perceived excellence and in terms of their commitment to continuous improvement and importance of impact,” explains Cornuel. Caryn BECK-DUDLEY, President and CEO of AACSB International (AACSB), said accreditation also helps business schools improve business practices through strategic management, learner success, thought leadership, and a commitment to social impact. We encourage you to take responsibility for what you do. Founded in 1916, he AACSB is one of the world’s oldest and most recognized accreditation bodies. Building Trust After the financial crisis of 2008, distrust of financial institutions surged and business education institutions suffered reputational damage. Accreditation is an opportunity to earn public trust and demonstrate that business schools are committed to research and development projects that truly address global issues. “Achieving an international accreditation like AACSB accreditation demonstrates that a business school’s long-term commitment is to do more than provide the best business education. Source link
