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Building Superior Membership and Accreditation Value MAACBA Annual Meetig New Brunswick, NJ October 17, 2014 The challenge …in a world of unprecedented change Global business environment Business & management practice Higher education industry Introduction The mission …to advance quality management education worldwide through Accreditation Thought leadership Value-added services Introduction AACSB in Since 2009 + 30% 2014 Members 1,436 ♦ 88 Countries Educational 1,385 Corporate 51 + 25% Accredited 716 ♦ 48 Countries + 45% Events 80 ♦ 20 Countries Introduction Reach of AACSB International AACSB-accredited members present AACSB members present No AACSB members present Distribution of schools as of September 2, 2014. Introduction Amsterdam 2014 Tampa 1916/2004 Introduction Singapore 2009 Building value through globalization Globalization and 2020 AACSB 2020 Recommend strategies and structures to significantly increase AACSB’s achievement of its global mission, providing for superior membership advantage as well as quality improvement and quality assurance services, with a particular focus on emerging economies. Globalization and 2020 About AACSB 2020 > 15 members - Co-chairs Santiago Iniguez & Mark Rice > Process and methodology - Global research - International focus group meetings - Threaded discussions - Face-to-face 2020 meetings Globalization and 2020 For AACSB, globalization has… > Enhanced services and collaboration > Increased knowledge and influence > Provided additional scale and resources 2020 aims to build on initial success, leveraging globalization to create superior membership and accreditation value. Globalization and 2020 2020 Themes Developing recommendations that… > Increase engagement > Enhance value through regionalization > Foster international collaboration > Strengthen the brand Globalization and 2020 2020 Timeline 2020 launched 2014 Initial Themes Final Report Global engagement & feedback 2015 Globalization and 2020 Building value through accreditation Accreditation Leading through accreditation Changing a culture AACSB Compliance > Innovation Academic > Professional Quality > Impact Training and education Communication Learning Accreditation Implementing 2013 Standards Training Education Communication Learning 22 volunteer training events 570+ participants 40 accreditation seminar events 1,900+ participants 40+ feature articles 600+ web posts 12 early adopter schools Accreditation What have we learned so far… Thinking broadly about impact Supporting efforts to diversify faculty models Revealing opportunities to improve accreditation 75% Accreditation 2014-2015 Continuous Improvement Reviews Investing in… an accreditation management system AACSB Manage accreditation processes Store vital information Communicate among teams, committees, mentors & staff Improve staff efficiency and documentation Reduce burden to schools Leverage for best practices Accreditation Helping schools with… Financial models & strategies AACSB Changing market conditions Declining public and institutional support Opaque financial structures Comparable data, tools, and information Education – business schools and institutions Accreditation support Accreditation Building the… the marketing value of accreditation AACSB Focusing on distinctive missions Increasing external visibility and recognition Providing marketing support Global digital marketing campaigns Marketing platforms and lead generation Broad education, communication, and media Accreditation Building value through vision and leadership Visioning initiative and CIME The Process Exploring > Future roles of management in society > Evolving expectations of management education > Emerging opportunities for business schools Engaging > Higher and management education leaders > Business and government leaders > Students and alumni Visioning initiative and CIME The Timeline Centennial ICAM 2014 2014 ICAM 2016 ICAM 2015 2015 2016 Future roles of management in society Evolving expectations of management education Emerging opportunities for business schools Visioning initiative and CIME Engaging Business Practice Business Practices Council (BPC) > Created in 2013 > 9 business practitioners > 4 academic leaders with business experience A collaborative partnership of business and management education to inform gaps between business school graduates and employer needs, while supporting business school innovation, engagement, and impact. Visioning initiative and CIME Bridging Two CEOs President & CEO Position Description > International experience; global outlook > Demonstrated leadership capacity in diverse environments > Knowledge of higher and management education Timeline > Position announcement – April 2014 > Finalists selected – November 2014 > New CEO announced – January 2015 Visioning initiative and CIME Questions