AACSB International, the global association of business schools, announced the launch of a new initiative that will focus on advancing quality management education in emerging economies in Latin America, the Middle East, and Central/Eastern Europe. The announcement coincides with the Board of Directors meeting at AACSB's International Conference and Annual Meeting in San Diego, CA, where more than 1,200 leaders in management education from 51 countries gathered to address the future of business and business schools.
"Business schools play a key role in expanding the opportunities for businesses, and are vital to the success of an emerging market economy," said Jan Williams, Chair, 2011-2012 AACSB International Board of Directors and Dean and Stokely Foundation Leadership Chair, College of Business Administration, University of Tennessee at Knoxville. "This is a significant extension and broadening of AACSB's efforts to expand quality assurance efforts among business schools in emerging economies."
AACSB's research on emerging economies revealed an increase in higher education enrollment of 136% between 1999 -2009, and more than double the number of global corporations based in these countries--from 8.2 percent in 2005 to 17.4 percent in 2010.
"It's becoming clear that business schools in these emerging economies are committed to providing the best education to their students and to having a positive impact on their communities and their countries," said John J. Fernandes, President and CEO of AACSB. "AACSB supports and encourages the journey these institutions are on, and is committed to providing the value-added services and resources to support their efforts of quality improvement."
Since opening its Asia Pacific headquarters in Singapore in 2009, AACSB membership in the region has increased by more than 90%. The number of professional development programs offered to Asia Pacific members has also more than tripled from 2009 to 2012.
AACSB is taking immediate steps towards advancing quality management education by offering expertise to meet the needs of business schools in additional emerging economies. AACSB has appointed two special advisors to the president, Thierry Grange, Dean and Director General, Grenoble Ecole de Management, focusing on emerging economies Central and Eastern Europe and George Najjar, currently the dean at American University of Beirut Suliman S. Olayan School of Business, who will serve as special advisor in the Middle East and Africa. The organization will also add a full-time position to serve Latin America and the Caribbean in the coming months, and has established a Latin American and Caribbean advisory council to the board.
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.
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