1 New Directions for Management Education SBAA Annual Meeting November 7-9, 2004 John Fernandes...

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New Directions for New Directions for Management EducationManagement Education

SBAA Annual MeetingSBAA Annual Meeting

November 7-9, 2004November 7-9, 2004

John FernandesPresident and CEO

AACSB International

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New Mission and End StatementsNew Mission and End Statements

FY03-04 Highlights and FY04-05 PlansFY03-04 Highlights and FY04-05 Plans

Accreditation UpdateAccreditation Update

Thought Leadership InitiativesThought Leadership Initiatives

Relocation UpdateRelocation Update

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New Mission New Mission and End Statementsand End Statements

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AACSB International MissionAACSB International Mission AACSB International advances quality AACSB International advances quality

management education worldwide management education worldwide through accreditation and thought through accreditation and thought leadership.leadership.

GlobalizationGlobalization In accordance with its mission statement, In accordance with its mission statement,

AACSB is committed to its role as the AACSB is committed to its role as the world’s leader in the advancement of world’s leader in the advancement of management education. This global mindset management education. This global mindset is an integral and pervasive element in each is an integral and pervasive element in each end statement and is reflected in all end statement and is reflected in all organizational functions and actions.organizational functions and actions.

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New MissionNew Mission

Reinforces commitment to accreditation Reinforces commitment to accreditation AACSB International’s “AACSB International’s “raison d’êtreraison d’être””

Focuses AACSB on its emerging role as Focuses AACSB on its emerging role as thought leader for management educationthought leader for management education

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End Statement 1 - AccreditationEnd Statement 1 - AccreditationAACSB assures quality management AACSB assures quality management education by providing the world’s most education by providing the world’s most prestigious business school accreditation.prestigious business school accreditation.

End Statement 2 - Knowledge ServicesEnd Statement 2 - Knowledge ServicesAACSB provides high quality data, AACSB provides high quality data, information, and reports about the information, and reports about the characteristics, practices, trends and characteristics, practices, trends and environments of business programs environments of business programs worldwide.worldwide.

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End Statement 3 - Member ServicesEnd Statement 3 - Member ServicesAACSB products and services fulfill member AACSB products and services fulfill member needs and preferences and help to increase needs and preferences and help to increase knowledge and skills, develop relationships, and knowledge and skills, develop relationships, and broaden awareness of global management broaden awareness of global management education issues.education issues.

End Statement 4 - Thought LeadershipEnd Statement 4 - Thought LeadershipAACSB is regarded as the world’s most AACSB is regarded as the world’s most respected and informed voice regarding respected and informed voice regarding significant issues in management education.significant issues in management education.

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End Statement 5 - Advocacy for End Statement 5 - Advocacy for Management EducationManagement Education

AACSB reinforces and influences public AACSB reinforces and influences public perception of key management education perception of key management education issues through advocacy campaigns that issues through advocacy campaigns that engage a broad range of relevant publics.engage a broad range of relevant publics.

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FY03-04 Highlights FY03-04 Highlights and FY04-05 Plansand FY04-05 Plans

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FY03-04FY03-04HighlightsHighlights

32 schools in business and 6 in 32 schools in business and 6 in accounting entered pre-accreditationaccounting entered pre-accreditation

New accounting accreditation standards New accounting accreditation standards passedpassed

34 new OUS members34 new OUS members

GFME establishedGFME established

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85% of accredited schools reported BSQ 85% of accredited schools reported BSQ datadata

Assessment and ethics resource centers Assessment and ethics resource centers launchedlaunched

12 conferences and 18 seminars held on 12 conferences and 18 seminars held on four continentsfour continents

FY03-04FY03-04HighlightsHighlights

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Implement a distance-based peer review Implement a distance-based peer review training programtraining program

New campaign on value of accreditationNew campaign on value of accreditation

Implement doctoral education resource Implement doctoral education resource center and promotional initiativescenter and promotional initiatives

FY04-05 FY04-05 CEO GoalsCEO Goals

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Hold 34 conferences and seminars on Hold 34 conferences and seminars on three continentsthree continents

Issue reports on the value of business Issue reports on the value of business education and rankingseducation and rankings

Design and implement an effective PR Design and implement an effective PR plan for thought leadership reportsplan for thought leadership reports

FY04-05 FY04-05 CEO GoalsCEO Goals

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The Accreditation Council is now at 482 The Accreditation Council is now at 482 members (419 US and 63 OUS)members (419 US and 63 OUS)

There are 165 separately accredited There are 165 separately accredited accounting programs (161 US and 4 OUS)accounting programs (161 US and 4 OUS)


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Accreditation Quality Committee (AQC) Accreditation Quality Committee (AQC) InterpretationsInterpretations

ABD’s are academically qualified for up to ABD’s are academically qualified for up to 3 years past comprehensive exams. 3 years past comprehensive exams. (Standard 10)(Standard 10)

A graduate degree in law will be A graduate degree in law will be considered academically qualified to teach considered academically qualified to teach business law and legal environment of business law and legal environment of business. (Standard 10)business. (Standard 10)


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AQC Interpretations (contd.)AQC Interpretations (contd.)

Institutions awarding business degrees Institutions awarding business degrees must provide a majority of learning. must provide a majority of learning. (Standards 17 & 20)(Standards 17 & 20)


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AQC Interpretations (contd.)AQC Interpretations (contd.)

Accredited accounting programs will be Accredited accounting programs will be asked to approve the application of asked to approve the application of Standard 10 to accounting programs Standard 10 to accounting programs seeking and maintaining separate seeking and maintaining separate accounting accreditation which was accounting accreditation which was inadvertently left out of document inadvertently left out of document submitted for vote in April, 2004. The submitted for vote in April, 2004. The writing committee intended for it to be writing committee intended for it to be included.included.


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AQC Other ActivitiesAQC Other ActivitiesAdopted a revised “Conflict of Interest” Adopted a revised “Conflict of Interest” statement for reviewers and “Member statement for reviewers and “Member Responsibility Statement.”Responsibility Statement.”Approved revised complaint procedure Approved revised complaint procedure policy that incorporates such from faculty, policy that incorporates such from faculty, students, alumni, etc. into the normal students, alumni, etc. into the normal accreditation review process and requiring accreditation review process and requiring clear linkage to accreditation standards for clear linkage to accreditation standards for the complaint to be brought into the review the complaint to be brought into the review process.process.


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AQC Other ActivitiesAQC Other ActivitiesEstablished January as the annual date Established January as the annual date that all updates of Standards and that all updates of Standards and interpretive materials will be effectiveinterpretive materials will be effectiveFeedback from participants in Feedback from participants in maintenance of accreditation reviews maintenance of accreditation reviews indicate very positive opinions about such indicate very positive opinions about such reviews.reviews.


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AQC Other Activities (cont’d)AQC Other Activities (cont’d)

Some concerns on length of the visit and Some concerns on length of the visit and use of the benchmark data on peer use of the benchmark data on peer schoolsschools

Responding to accounting curricula Responding to accounting curricula proposals from NASBA/AICPA 150-Hour proposals from NASBA/AICPA 150-Hour Task Force on Education Rules clearly Task Force on Education Rules clearly stating AACSB International’s perspective stating AACSB International’s perspective on ethics education and stressing flexibility on ethics education and stressing flexibility in curricula structures.in curricula structures.


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Accreditation Coordinating Committee ActionsAccreditation Coordinating Committee Actions

Acted on eligibility and program Acted on eligibility and program inclusion/exclusion requestsinclusion/exclusion requests

Adopted a policy to allow schools to get a Adopted a policy to allow schools to get a response for “out-of-cycle” program response for “out-of-cycle” program inclusion/exclusion requests to address new inclusion/exclusion requests to address new program proposals and modificationsprogram proposals and modifications


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In SummaryIn Summary

AACSB accreditation is making great AACSB accreditation is making great strides in strengthening its position as strides in strengthening its position as “the Global Accreditor” for b-schools“the Global Accreditor” for b-schools

AACSB is restructuring its accreditation AACSB is restructuring its accreditation staffing and committee membership to staffing and committee membership to reinforce its global missionreinforce its global mission

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Thought Leadership Thought Leadership InitiativesInitiatives

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Thought Leadership InitiativesThought Leadership Initiatives

Essentially a new role for AACSBEssentially a new role for AACSB

Formalized through new thought Formalized through new thought leadership end statementleadership end statement

Role of Committee on Issues in Role of Committee on Issues in Management EducationManagement Education

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Previous/ongoing InitiativesPrevious/ongoing Initiatives

Management Education Task ForceManagement Education Task Force

Doctoral Faculty CommissionDoctoral Faculty Commission

Learning Outcomes Assessment Task Learning Outcomes Assessment Task ForceForce

Ethics Education Task ForceEthics Education Task Force

Thought LeadershipThought Leadership

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Current InitiativesCurrent Initiatives

Continuation of work related to doctoral Continuation of work related to doctoral faculty shortagefaculty shortage

Possible extension of work of Ethics Possible extension of work of Ethics Education Task ForceEducation Task Force

RankingsRankings

Value Proposition for Business SchoolsValue Proposition for Business Schools

Alliance for Management EducationAlliance for Management Education

Thought LeadershipThought Leadership

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Achieve successful relocationAchieve successful relocationIdentified and continuously monitor 25 Identified and continuously monitor 25 major relocations risksmajor relocations risksUtilize proven, systematic recruiting Utilize proven, systematic recruiting process to ensure that we have the best process to ensure that we have the best staff availablestaff availableSuccessfully relocate 11 - 12 employees Successfully relocate 11 - 12 employees from St. Louis to Tampafrom St. Louis to TampaStay within time and spending budgetsStay within time and spending budgets


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Harbour Island Office (Downtown Tampa)Harbour Island Office (Downtown Tampa)

Planned occupancy November 8Planned occupancy November 8

Currently occupying temporary spaceCurrently occupying temporary space

Construction of permanent office space Construction of permanent office space on scheduleon schedule


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Relocation LogisticsRelocation Logistics

Final packing of St. Louis office contents Final packing of St. Louis office contents on November 19on November 19

Transitional staffing in both locations Transitional staffing in both locations during move periodduring move period

Network server and website downtime Network server and website downtime minimizedminimized

Full operations in Tampa on November 29Full operations in Tampa on November 29

Closely monitoring relocation expenditures Closely monitoring relocation expenditures to stay within budgetsto stay within budgets


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Working together, we will Working together, we will

advance to the next level advance to the next level

of mission fulfillmentof mission fulfillment

1 New Directions for Management Education SBAA Annual Meeting November 7-9, 2004 John Fernandes...

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