EFMD and AACSB Announce Strategic Alliance Agreement

ec-jfEFMD and the Association to Advance Collegiate Schools of Business (AACSB), two of the most influential voices in management education, have joined together for a second strategic alliance agreement, to improve the effectiveness and efficiency of the accreditation process for schools holding both AACSB and EFMD's EQUIS accreditation.

In the past ten years, management education has become a leading global industry with over 14,000 business degree granting institutions in more than 200 countries. During this period, AACSB and EFMD (with EQUIS & EPAS accreditation) have emerged as the most prestigious and sought after business school accreditations around the globe.

AACSB and EFMD began their original agreement in 2002, with both organizations pledging to periodically hold joint educational programs, share data, and cooperate on initiatives. Three initiatives were held and in 2004, the Global Foundation for Management Education (GFME) was formed to identify and address challenges and opportunities in management education worldwide, as well as advance its quality and content.

This second agreement, effective 1 October 2012, calls for AACSB and EFMD to refine their priorities of furthering global management education by continuing to conduct joint educational offerings, sharing data, and advancing the efforts of the GFME. "Our primary objective is to advance global management education quality through research, guidance, and information," said John J. Fernandes, president and chief executive officer of AACSB International.

"The last 10 years has seen remarkable growth in the management education sector and EFMD & AACSB have played a major role in the development of management education around the world. As the two leading global networks, we offer many opportunities for business schools and companies to exchange, share, form partnerships, collaborate on research and engage in quality improvement via accreditation and mentoring. Our alliance is strong and we hope it brings lasting value to our community and also opens our networks to many new business schools around the world," said Prof. Eric Cornuel, CEO & Director General of EFMD.

Since the 2002 agreement, the role of business as a sustainable and socially-responsible enterprise comprised of ethical stakeholders, has risen consistently with the world's demand for accountability. AACSB and EFMD, through their accreditations and services, are important stakeholders in addressing society's objectives of sustainability, social responsibility and ethical leadership.

About AACSB International
AACSB International (The Association to Advance Collegiate Schools of Business), founded in 1916, is an association of more than 1,300 educational institutions, businesses, and other organizations in 83 countries and territories. AACSB's mission is to advance quality management education worldwide through accreditation, thought leadership, and value-added services. As the premier accreditation body for institutions offering undergraduate, master's, and doctorate degrees in business and accounting, the association also conducts a wide array of conferences and seminar programs at locations throughout the world. AACSB's global headquarters is located in Tampa, Florida, USA and its Asia Pacific headquarters is located in Singapore.

About EFMD
EFMD is an international membership organization, based in Brussels, Belgium. With more than 800 member organizations from academia, business, public service and consultancy in 82 countries, EFMD provides a unique forum for information, research, networking and debate on innovation and best practice in management development. EFMD is recognized globally as an accreditation body of quality in management education and has established accreditation services for business schools and business school programmes, corporate universities and technology-enhanced learning programmes.

For more information, please visit: www.aacsb.edu or www.efmd.org

EFMD appoints Michael Osbaldeston as Director of Quality Services

michaelosbaldestonIt is a great privilege to take up the position of Director of Quality Services (QS) at EFMD this month following in the footsteps of the illustrious founding director of EQUIS, Gordon Shenton, and the subsequent director of QS, Julio Urgel, who has led the development of our integrated portfolio of services – EQUIS, EPAS and DAF – so successfully over the last ten years and now becomes a Deputy Director General of EFMD. For me, this is a case of going full circle, having been a member of the original project team which gave birth to EQUIS in 1997 when serving as a Vice President of EFMD, then as a member of its Awarding Body in both an academic and a corporate capacity, and more recently, as a QS senior adviser.
During my tenure as Dean of two UK business schools, Ashridge and Cranfield, and also as Director of Global Learning at Shell International, I have been intimately involved in the processes of quality improvement, accreditation and internationalisation of management education. I look forward to bringing this experience to bear on the development of EFMD’s services. I intend to play a full and active role in promoting EQUIS, EPAS and DAF in new areas of the world and look forward to working with the experienced team of Associate Directors, the highly competent administrative staff in Brussels and the enthusiastic and committed network of peer reviewers spread throughout the globe.
Issues of particular concern at present are broadening our interpretation of “Contribution to the Community” to encompass Ethics, Responsibility and Sustainability, providing greater consistency in our assessment of “Research and Development” and “Internationalisation”, and designing a special version of EQUIS re-accreditation which can be offered to those schools which have been accredited for five years on three consecutive occasions. We also need to spread the word more widely on the availability of DAF as a quality mentoring service provided for developing schools by experienced international deans.
So there is much to be done and I look forward to meeting more Deans and Programme Directors of accredited schools and programmes over the coming months at our various information sessions and advisory seminars, and of course, at the next EFMD Deans and Directors Meeting at Koc School of Business in Turkey in January 2013.

Prof. Michael Osbaldeston, EFMD Director of Quality Services