One of the breakout sessions at the GBSN 2012 conference focused on the difficulties in determining the quality of management education outside of the accreditation model. Eon Smit of Stellenbosch Business School has provided us a summary of his presentation in "Going Beyond Accreditation: How to Measure Quality in Business Schools" to share with those who were not able to attend the session.
This paper deals with the roots of business school accreditation, quality indicators in the business school industry, unique challenges for African business schools and the reasons why some schools do not and will not seek accreditation. It concludes with some reflections on the future of accreditation.
One of the primary drivers for organised business school accreditation can be found in the character of the imperfect market(s) in business education, on one hand characterised by the non-homogeneous educational product offerings faced by relatively unsophisticated clients in the form of potential students or potential corporate clients. This results in situations of pronounced asymmetries in information, knowledge and understanding which is further exacerbated by high product prices and the global integration of the education industry. Additional sections include
- Roots of Accreditation
- Business School Indicators of Quality
- Challenges for African Schools
- Reasons for not Pursuing Accreditation in Africa