Jerry E. Trapnell, PhD, CPA Executive Vice President and Chief Accreditation Officer AACSB International A BRIEFING ON AACSB INTERNATIONAL ACCREDITATION A Presentation to the Inaugural Event of KABEA

2 Discussion Points AACSB International Mission & End Statements AACSB International membership and accreditation The value proposition for membership and AACSB International accreditation The accreditation process and standards Sales strategies Questions and discussion

3 Who is AACSB International? AACSB is a not-for-profit corporation of educational institutions, corporations, and other organizations devoted to the promotion and improvement of higher education in business administration and management

4 AACSB International Mission: AACSB International advances quality management education worldwide through accreditation and thought leadership.

5 AACSB History Founded in 1916 to foster excellence in business schools and to enhance recognition of the importance of management education

6 AACSB’s Founding Schools Founding members: Columbia University, Cornell University, Dartmouth College, Harvard University, New York University, Northwestern University, The Ohio State University, Tulane University, University of California-Berkley, University of Chicago, University of Illinois, University of Nebraska, University of Pennsylvania, University of Pittsburgh, University of Texas, University of Wisconsin-Madison, and Yale University

7 AACSB International-Current Status AACSB International has 1025 members from 70 countries The AACSB International Accreditation Council has 506 members representing 28 countries (470 US and 76 OUS) AACSB International has granted separate accounting accreditation to 167 programs in 5 countries (162 US and 5 OUS)

8 AACSB International Accredited Business Schools in Korea Korea Advanced Institute of Science and Technology (KAIST) Korea University Seoul National University

9 AACSB International Accreditation Represents: The highest standard for business schools worldwide. A voluntary commitment to quality and continuous improvement through rigorous self evaluation and comprehensive peer review processes consistent with internationally relevant standards. The best business schools in the world.

10 THE VALUE PROPOSITION Earning AACSB International accreditation: Informs schools and their stakeholders about educational quality derived from internationally developed standards Provides an association with an international community of schools that have achieved accreditation Assists schools to achieve and improve quality in their educational programs via self-evaluation and peer review

11 AACSB International Accreditation Assures Stakeholders That business school/accounting programs: Manage resources to achieve a vibrant and relevant mission Advance business and management knowledge through faculty scholarship Provide high-caliber teaching of quality and current curricula Cultivate meaningful interaction between students and a qualified faculty Produce graduates who have achieved specified learning goals.

12 AACSB International Eligibility Criteria Authority to grant degrees (undergraduate, masters, and/or doctorates) Degree programs are supported by continuing resources Scope of accreditation Diversity in students, faculty and staff and in perspectives Expectations for ethical behavior Programs have produced graduates for at least two years

13 Philosophy of AACSB International Accreditation-Strategic Management Accreditation satisfies a moral dimension of management education through Strategic Management standards that focus on: A well articulated mission; Effective use of resources to achieve the mission, and Management focused on continuous quality improvement; and Advancement of knowledge in the management education.

14 Philosophy of AACSB International Accreditation-Participants Accreditation ensures the quality of the educational dimension of business schools through Participant Standards that: Require appropriate actions and interactions between faculty, students, administrators, and staff; Insure use of sufficient, qualified, and engaged faculty resources; and Expect active student involvement and appropriate student recruitment policies and support systems. Appropriate student recruitment efforts consistent with mission

15 Philosophy of AACSB International Accreditation-Assurance of Learning Accreditation ensures the accountability dimension of management education through Assurance of Learning standards that: Insure delivery of effectively managed curricula consistent with the stated mission; Insure program intentions defined by learning goals; and Insure learning achievement as demonstrated by direct assessment of learning.

16 Accounting Accreditation The accounting accreditation standards and processes parallel the business standards in terms of framework tailored to the specifics of accounting programs and the profession of accounting

17 Key Attributes of AACSB Accreditation Relevant to KABEA Mission-based accreditation is vital to recognize the unique role institutions can have Diversity in mission focus should be celebrated Quality and continuous improvement are important dimensions that an accreditation system should capture Standards should be developed through a broad- based, highly participatory process Self assessment and peer review based on site visits should be included

18 Key Attributes of AACSB Accreditation Relevant to KABEA Actions by the accrediting body must be consistent with its standards and processes On-going, regularly scheduled reviews are essential to maintain focus on quality and continuous improvement Those making the accreditation decisions should be accountable and subject to review The process must be founded on integrity, thoughtful and principled judgment, rigorous application of standards, and a context of trust The process must focus on continuous improvement in student learning

19 Key Attributes of AACSB Accreditation Relevant to KABEA Standards must recognize the central role of the faculty in developing and delivering high quality academic programs A sufficient and highly qualified faculty is essential and standards should reflect this perspective Faculty qualifications should be based on academic preparation and continuous development efforts to maintain currency in the teaching field

20 Key Attributes of AACSB Accreditation Relevant to KABEA Accreditation success should be based on a team effort involving administrators, faculty, students, employers, and alumni Business schools should contribute to the advancement of knowledge in the fields of business consistent with their mission Ethics, integrity and global perspectives must be important dimensions of business school curricula and policies Accreditation standards and processes must be subject to oversight and continuous improvement as well

21 QUESTIONS AND DISCUSSION

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