AACSB Overview

Hema A. Krishnan, Ph.D.April 1, 2014Mount Kenya University

•Gold Standard for Quality

•Gold Standard for all Participants: Students, Faculty, Staff, Alumni, Business community

•Gold Standard for Curriculum

•Gold Standard for Career and Educational Opportunities.

What is AACSB Accreditation?

•Enhance Reputation of the college and brand the university

•Attract and retain faculty and students

•Attract business community

•Enhance synergies with other units of the university.

Why Accreditation Matters?

Less than 5% of the 13,000 business schools in the world have earned AACSB accreditation

•Rigorous Self Evaluation and Peer Review

* Eligibility Application

* Pre-Accreditation Phase

* Initial Accreditation

* Continuous Improvement Review every 5 years.

What is the Process for AACSB Business Accreditation?

•Become a member of AACSB International

•Business School should offer Bachelor’s degree or higher

•Identify Faculty and Administrators champions for AACSB who would attend workshops at AACSB international meetings

•Familiarize faculty and administration with AACSB accreditation standards and the accreditation process

Eligibility Application

•To collaborate with all units of the university

•To interview all stakeholders: suggested approach- snowball-type interviewing

•Interview constituencies and use the conversations to understand their parts of the university.

•Share information

•Request interviewees to write their part

•Craft an authentic narrative that tells thestory of the university.

Role of faculty champion(s)

•Complete the Eligibility Application * Comprehensive Review of school* Organization Chart* Financial Condition of University and

resources allocated * Strategic Plan of Business School

•Revise the Eligibility Application and send it to the IAC (AACSB Accreditation Committee)

•IAC will review the application:* If approved, a formal mentor will be

assigned.

Eligibility Application-Cont’d

•Strategic Management and Innovation standardsStandards 1, 2, 3: Mission, Finances,

Strategy

•Pa rticipant Standards Standards 4, 5, 6, 7: Students, faculty, staff

•Learning and Teaching Standards Standards 8, 9, 10, 11, 12: Curriculum

•Academic and Professional EngagementStandards 13, 14, 15: Faculty, Students

Business Accreditation-2013 Standards

•SWOT Analysis of School/ University

University Leadership and cultureHigh Quality FacultyHigh Quality Programs and curriculumHigh Quality Support ServicesInfrastructureSupport of Business CommunityFinancial resources to realize mission

Steps

•Educational Qualifications of faculty (Ph.D.)

•Research Portfolio of tenure track faculty

•Teaching Portfolio of faculty

•Industry experience of professional faculty

Quality of Faculty

•Attracting top-notch faculty•Faculty mentoring policies•Faculty development policies•Faculty tenure and promotion policies•Teaching policies: loads, evaluations•Resources to support teaching•Resources to support research•Policies to reward research and teaching excellence•Policies for visiting/temporary faculty•Experiential learning opportunities

Hiring / Mentoring faculty

•Degrees offered (Bachelor’s, Masters, Ph.D.)•Curriculum•Learning goals for each program•Assessment tools for each program•Process for feedback•Closing the feedback loop•Initiating changes to the curriculum

AACSB Themes: InnovationImpactEngagement

Quality of Programs

•Recruitment policies for students: Admission standards, etc.

•Student mentoring and support programs

•Career placement and development programs

•Alumni programs

Support Services Quality

•College building and classroom facilities

•Project room facilities

•Technology

•Library resources

•University ambience

•General Community

Infrastructure

•Local Business Community

•MKU alumni base

•Integration with teaching (guest speakers, etc)

•Integration with research (case studies--)

•Integration with students (mentoring..)

•Integration with placement services

Business Community-to advance Mission

•Tuition fees

•Endowment: Local, Regional, National

•Alumni Base

•General Business Community

•Partnerships with other universities

Financial Resources

AACSB Overview

Questions?

The material from AACSB is gratefully acknowledged in the preparation of this presentation. Also, the use of Xavier University, MKU and AACSB logos is gratefully acknowledged.

www.aacsb.edu