New AACSB Standards on the Impact of Business Schools' Education and Research: Implementation and Measurement Issues easurement Issues

• In Event: Inter-Track Topics

Abstract

In 2013, the Association to Advance College Schools of Business (AACSB) adopted revised accreditation standards, which includes a requirement that accredited business programs be evaluated for impact. This represents a switch to valuing the outputs of a school to valuing its impact on society. We focus on the impact of education and research in this paper. The new emphasis on impact will cause business schools problems with establishing impact measures, promotion and tenure decisions, strategic planning, staffing, and funding. The paper discusses the changes, possible school and faculty reactions to them, and issues and problems involved in implementation. The discussion should be useful to business school administrators, faculty, and the AACSB itself.

Authors

• Steven C Hunt, Western Illinois University

• Jack Elfrink, Western Illinois University