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AACSB ICAM 2023 – Key Takeaways

By | Conference Update, Resource

AACSB ICAM 2023 – Key Takeaways

ICAM 2023 was the first of five conferences that QED is attending before the end of June.  As always, it was a great opportunity to catch up with friends, clients and colleagues – as well as hear some interesting speakers and updates on accreditation. As always, there was lots to choose from – but in the interests of focusing, my top three takeaways were:

1. Societal Impact was a recurring theme in several meetings and conversations.  Several key principles within AACSB were re-emphasised throughout multiple sessions: 

  • It is up to Schools to define their areas of priority for positive societal impact – in alignment with their mission and values.  AACSB does not prescribe what areas are required.  Nor does it prescribe the use of the UN SDGs as a framework. However, many schools use the SDGs as it is widely understood and often aligns with institutional work for the PRiME network.
  • It is not about demonstrating lots of activity across a wide range of SDGs – but about deciding which areas are being championed/emphasised (again, in alignment with mission and values). Most, if not all, schools have limited resources – so AACSB is encouraging schools to decide on the key areas of societal impact and focus resources (financial, human, organisational etc) accordingly. This does not preclude other activity from taking place – but places the focus clearly on areas where it might be possible to ‘move the needle’ and have real impact.
  • Some participants are clearly struggling with the definition of impact and how to measure impact. In essence, there isn’t a ‘stock’ measurement system, as the metrics employed by any school will need to align with its identified area of focus.  However, it may be helpful to revisit AACSB’s White Paper on Societal Impact – and note particularly the definitions of, and relationship between, activities, outputs, outcomes and impact (Page 7 of the report)

2. Dr Linda Hill gave an incredibly engaging, thought-provoking session on the ABCs of Leadership and Building an Agile Organisation.  There was so much to choose from in this session, and I need to review my notes and the slides again to get more of the learning. One of the things that stood out to me were her tips for identifying key barriers to change – using six key questions

Identify Key Barriers & How to Address Them

  • How much do you spend on “shoulds” and “coulds?
  • How do you encourage diversity of thought?
  • How do you get people to view reasonable missteps and intelligent failures as learning opportunities?
  • How do you ensure that people don’t compromise too quickly – as opposed to working through differences – when making decisions?
  • Are you developing talent to be value creators and game changers?
  • Is your team collaborative-ready?

3. In the Q&A session for Initial Accreditation, the presenters shared the key reasons why iSERs are sent back to Institutions for further review before being accepted (i.e. revise and resubmit decisions).  These are:

  • Standard 1 – Strategic Plan: At the point of submitting the iSER, the strategic plan is expected to be specific and current.  This includes having key objectives, timelines and metrics (for measuring success or not).
  • Standard 5 – AoL: The iSER should demonstrate a good understanding of AoL.  A School may not be implementing the AoL process fully, but there should be a clear timeline for implementation, which demonstrates the overall understanding of the process and the ability to complete two cycles of measurement before a Peer Review Visit.
  • Standard 3 – Faculty Qualification Criteria: Faculty qualification criteria (for SA, PA etc) should be aligned with mission and reasonably specific.  For example, if a school has a strong mission to engage with practice, then the PA and IP criteria should strongly reflect the need for this engagement.  The quality of activities should also be referenced – be it quality of research publications; level and type of practice engagement or other activities.

If you were at ICAM, what were your key takeaways?  We’d love to hear them.

For those who may have missed last week’s email, take note of the inclusion of an AoL module within Accredinator.  For further details, or to book a demo, please email accredinator@QEDaccreditation.com.

WEBINAR RECORDING: An Introduction to International Business School Accreditation

By | Webinars

Are you new to the world of international business school accreditation?

 

Joanne Powell was the key speaker for a webinar hosted by KIMEP University’s Bang College of Business.  The topic is ‘An Introduction to International Business School Accreditation systems’, and it presents a high level summary of each of the top accreditations (AACSB, AMBA, EFMD Programme Accreditation, and EQUIS).  A recording of the webinar is available for viewing here (original English version) with translations in  Kazakh and Russian also.

 

If you’ve any questions on the topics raised in this webinar, please contact the QED Accreditation Team at info@QEDaccreditation.com.

EQUIS: Updates to standards and guidance 2023

By | Resource

EQUIS Standards and Guidance: Updates 2023

EFMD revises the documentation supporting EQUIS periodically.  QED’s overview of the updates made as part of the 2023 publication, together with an assessment of the significance of the change can be found in this downloadable PDF file.

  • There are no significant changes to the EQUIS Standards and Criteria, though clarification and guidance points have been added in several areas.  However, there are some process changes which should be noted by Schools:
    • The traditional Base Room has been replaced by an Online Document Repository (ODR)
    • In several discreet areas, additional documents are now specifically required in English, rather than a School’s native language (These were optional in previous years).
    • In some key areas, EFMD has confirmed that it is appropriate to cross-reference from the SAR to the Datasheet (where information may be duplicated).

    Other points of potential significance are:

    • In exceptional circumstances, the post-eligibility period may be extended from two years to four years.
    • References to the EFMD Guidelines and Position Papers have now been removed from the Standards. In addition, these documents have been removed from the section of the website dealing with EQUIS accreditation.
    • Key EQUIS fees have increased by 10% (Application Fee, Eligibility Fee, Review Fees.

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.

Free Webinar: An Introduction to International Business School Accreditation

By | Webinars

Are you looking for an introduction to international business school accreditation systems? If so, this webinar might be for you. Joanne Powell is guest speaker at KIMEP University‘s Bang College of Business webinar on Thursday, March 16th. Times are listed below and registration is required at https://lnkd.in/eNUu7Bqp

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

Image for article on MBA degrees

New article – Managing MBA Degree Offers as a Portfolio

By | Resource

Image for article on MBA degreesRead a recent article that calls for greater focus on degree connectivity when managing MBA offerings. The article has been co-authored by Ulrich Hommel (Xolas), Joanne Powell (QED) and Sarah Hardcastle (Hardcastle and Associates); and published in MBA International Review, Nr. 82, pp. 14-16.   A copy of the article is also available here.

This article focuses on the advantages of managing a portfolio of MBA degrees as a portfolio. Whilst this might sound tautological, it reflects our experience that many business schools continue to run MBA programs on a relatively stand-alone basis, which can be explained by path dependency or internal governance arrangements. More typical is what we term the traditional portfolio approach, a focus on increasing gross revenue returns via market segmentation and realizing cost economies by pooling activities across programs.

We suggest a complementary and generally overlooked viewpoint that offering MBA programs with within portfolio connectivity in mind can help to realize revenue (and additional cost) synergies that increase gross returns in the aggregate. They will “carry the day” if outweighing the opportunity cost of de-segmentation of the overall offer.

Email QED to learn more

ANZQAN Takeaways 2022

By | Conference Update, Resource

ANZQAN Takeaways

 

After the ANZQAN Conference, one attendee reached-out to us with, “all generally share the same challenges, but there are so many different ways to approach those challenges”. This is where the real benefit of these events arises – the ability to hear alternative approaches to challenges and perhaps be inspired to find more innovative approaches within our own domains.

Below are our takeaways:

Key Learning #1: There was a great Dean’s Panel discussion on managing accreditation strategies.  This covered a variety of themes but the key take-away and reminder was to “keep doing the small (everyday) stuff” and not just wait for the “big events” to happen.  This comment took place in the context of sustainability and a reminder that everyone has a role to play (and the importance of discussing and sharing good practice).  However, it resonated more widely as a reminder that change is often present in a multitude of smaller habits that take place consistently.  “We are what we repeatedly do: Excellence then is not an act, but a habit.”(Will Durant, attributed to Aristotle)

Key Learning #2: There was some great sharing of good practice related to socialising the mission. We really liked the suggestion to “embrace mission in both function and optics”.  It spoke to the importance of ensuring that an organisation’s mission needs to be front and centre of

  1. discussions, decisions and strategy (function)
  1. documents, merchandise, and other visuals (optics)

By embracing both function and optics, schools (or other organisations) are better placed to optimise the integration of the mission into every-day operations and strategy.

Key Learning #3: Internationalisation was a key topic for multiple reasons – including both general challenges arising from the Covid 19 pandemic, as well as ongoing geo-political challenges in several regions of the world.  Reference was made to EFMD’s internationalisation framework (EFMD Accredited Process Manual Annexes (Annex 10, page 61)) OR  EQUIS Standards and Criteria 2022 (last section of Chapter 8, page 73, “Further Guidance on Assessing Internationalisation” ) with one school (Curtin) illustrating how it has developed a set of parameters for each of the 12 dimensions of internationalisation (across the four categories of Policy, Content, Context and Network).  The parameters for each dimension outline what characterises low, medium and high performance, in line with the School’s own mission and strategy.  This seems like an excellent way to frame a School’s internationalisation priorities and a great example of good practice.

Finally, both EFMD and AACSB presented to the meeting.  A key takeaway from each that might be of interest:

  • EFMD: The EFMD update included the news that in certain (limited) circumstances, eligibility (for schools in the initial EQUIS process) may be extended to 48 months rather than limited to the current 24 months.  This potentially impacts the length of time available to complete the Self Assessment Report (SAR) and Peer Review Visit for schools that have significant, key areas to address and where it makes sense to delay the process.  Such situations are likely to require the approval of the EQUIS Board and Schools will be required to complete some interim reporting.  No further details are publicly available to date, but QED expects that the 2023 Process Documentation will include updated guidance.  In the interim, we suggest that any questions are submitted directly to your EFMD account manager or advisor.
  • AACSB’s session focused on reporting for positive societal impact.  There was a lot of good advice here, but the key points noted were: i) ensure the vision for positive societal impact is identified clearly in the context of a School’s mission and values;  and ii) consider using ‘counter factuals’ to help conversation (e.g. “What would happen if we didn’t do xyz?”)

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

 

QED Advisor nominated for LIFT Award

By | News, Resource

QED advisor,  Joanne Powell, has been nominated for a LIFT (https://liftireland.ie/) award in the leadership category of Competence. Her nomination included reference to her “love for learning and self improvement and implementing change for the betterment of the organisation” and also noted that she “is highly respected and hugely trusted because of her competency.

LIFT Ireland is a social enterprise aimed at increasing the level of positive leadership in Ireland.  All nominations are being reviewed in the coming weeks, with the shortlist being announced in early January, before the live awards ceremony (date tbc).  To learn more about the LIFT values and LIFT process, visit https://liftireland.ie/about/

Email QED to learn more