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AACSB Business Accreditation Standards: Updates 2024

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AACSB Business Accreditation Standards: Updates 2024 

AACSB significantly updated its Business Accreditation Standards in 2020.  It issues annual amendments and updates – usually on 1 July. 

 QED’s overview of the updates made as part of the 2024 publication, together with an assessment of the significance of the change can be found in this downloadable PDF file. 

 The updates reflect clarification and additional explanation – particularly linked to Standards 3, 5 and 8. These should not provide any significant change for schools.  However, as always, QED recommends that all schools within an AACSB accreditation process (whether initial or renewal) should review and ensure they have understood the changes and clarifications – particularly to ensure the updates do not highlight any potential internal misunderstanding of AACSB principles and standards. 

 NB: QED’s material represents QED’s interpretation of the AACSB Updates.  We always recommend that you view the updated standards directly  and we have provided links within our update document) 

 As above, QED’s summary of the updates across the key documents is available in this downloadable PDF file. 

For advice and further details on any of the above, please contact the QED Accreditation Team at info@QEDaccreditation.com.

EQUIS 2024 Updates

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EQUIS 2024 Updates

 

EFMD revises the documentation supporting EQUIS periodically.  QED’s overview of the updates made as part of the 2024 publication, together with an assessment of the significance of the change can be found in this downloadable PDF file. 

As usual, clarification and guidance points have been updated within the EQUIS Standards and Criteria.  Two areas of the standards should be particularly noted: 

  • Standard 5 (Research) has been completely re-written.   
  • It now focuses very specifically on two research categories (academic publications and practice-oriented publications).  Pedagogical scholarship is no longer a category within Standard 5, but is included as one of the (practice-oriented) fields of researchand is also linked directly into Standard 2 (see below).   
  • The Assessment Criteria have been rewritten (though many of the principles behind the criteria remain as before) 
  • There is a greater focus on more ‘holistic means of research evalution’ and this also translates into changes in the Data Sheet. 
  • Standard 2 Assessment Criteria now includes a section on ‘pedagogic development and innovation’.  In addition, there are additional questions linked to the impact of degree programmes on their relevant constituencies.  

The Process Manual and related Annexes have also been reviewed. Duplication has been minimised and detailed guidance has been moved to the Annexes where relevant.  A cross map of this is provided in Appendix 2 and Appendix 3 below.  Key areas of significance to note include: 

  • The Datasheet has been updated.   
  • Tables have been renumbered – which may impact schools preparing their SAR (e.g. cross references to tables within the Datasheet. 
  • Some additional information is required to support evidence of practice-oriented research activities (Table 12a to 12d) 
  • Additional guidance has been provided in several of the annexes (e.g. Annex 7 EQUIS Advisory Guide; Annex 10: Peer Review Visit Guide). 

 As above, QED’s summary of the updates across the key documents is available in this downloadable PDF file. 

 For advice and further details on any of the above, please contact the QED Accreditation Team at info@QEDaccreditation.com. 

AABS Accreditation Unveiled: A Comparative Analysis and Uniqueness

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AABS Accreditation Unveiled: A Comparative Analysis and Uniqueness

 

Joanne Powell, a seasoned expert in business school accreditation and continuous improvement and also the Head of Accreditation Services at QED Accreditation, brings her extensive experience in education and advisory services to this white paper. Her co-author, Nizar Becheikh, is an associate professor with a robust background in strategy and innovation management. Together, they provide a comprehensive and authoritative perspective on the AABS accreditation process.

The white paper “AABS Accreditation Unveiled: A Comparative Analysis and Uniqueness” is an essential read for stakeholders in the African business education sector. It not only highlights the unique strengths of the AABS accreditation but also offers valuable insights into how African BHE institutions can leverage this accreditation to achieve excellence and make a lasting impact on their communities.

A downloadable copy of the white paper can be found here.

 

For advice and further details on any of the above, please contact the QED Accreditation Team at info@QEDaccreditation.com.

 

 

AABS Accreditation and the Importance of Data Collection

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AABS Accreditation and the Importance of Data Collection

 

Joanne Powell, the Head of Accreditation Services of QED Accreditation, co-authored a white paper highlighting the eight key principles for institutions to consider during the accreditation process, focusing particularly on data management. These principles include obtaining support from leadership, demystifying the accreditation process, conducting gap analyses, project planning, effective communication, allowing sufficient time, managing data, and preparing for the long haul. The white paper focuses on Principle 7—Data Management—elaborating on its crucial role in the accreditation process.

The whitepaper “AABS Accreditation and the Importance of Data Collection” provides a detailed roadmap for business schools to enhance their accreditation processes through effective data management. By adopting the principles and practices outlined in this document, institutions can not only meet AABS standards but also position themselves for long-term success in the competitive landscape of higher education.

The downloadable copy of the whitepaper can be found here.

 

For advice and further details on any of the above, please contact the QED Accreditation Team at info@QEDaccreditation.com.

 

 

Internationalisation: Curtin Verhoeff Model (template)

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Internationalisation: An approach to setting indicators of achievement

Internationalisation within higher education business schools is a mulit-dimensional concept. EFMD, within the EQUIS Standards, provides a framework for Schools to assess and measure internationalisation (Chapter 8 of the EQUIS Standards).  A model to further build on this framework has been devised by Helen Verhoeff at Curtin Business School (Australia) and, with her kind permission, this template is shared in this downloadable PDF file.

Please note, any use of this template framework should acknowledge the Curtin Verhoeff Model.

Links to the EQUIS Standards can be found here. (Link valid at 15/4/2024)

 

For advice and further details on any of the above, please contact the QED Accreditation Team at info@QEDaccreditation.com.

Accreditation Fees & Costs – April 2024

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Accreditation Costs

There are several facets to the costs of accreditation:
  1. Payments made to the relevant accreditation bodies and comprise a mix of membership fees, accreditation fees and other expenses etc.  These are relatively fixed and easy to estimate (see link below).
  2. Staffing and advisory costs to support accreditation.  These are harder to estimate, and depend on several factors. For example:
    • Will there be an accreditation team with sufficient time and experience to manage the full accreditation process?
    • Are there additional faculty allowances given to accreditation?
    • Will the School require some external input, to support the internal resources?
  3. Investment Costs:  These vary hugely from school to school and naturally depend on each School’s strategic priorities.  Of course, strategic investment costs are not always linked to accreditation: Some strategic decisions will be made regardless of accreditation plans.  Others may only be made as a consequence of accreditation.

QED has listed the costs and fees associated with each of the accreditation bodies (#1 above), valid as of March 2024.  These can be viewed here.

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AACSB State of Accreditation Report 2023

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AACSB State of Accreditation Report 2023

AACSB’s 2023 State of Accreditation Report has been released. This is the second edition of the online report, and is a very valuable tool for all AACSB Schools.  It provides a summary of trends and insights, based on Schools’ interactions with AACSB during 2022/23 – including Accreditation visit outcomes; insights on the implementation of societal impact; feedback from PRTs in terms of best practices and innovation, as well as suggestions for key areas of focus.

 

AACSB welcomes feedback on the report through stateofaccreditation@aacsb.edu.   In addition, QED is always interested to hear your feedback, which you can submit by clicking the feedback button.