The Indian School of Business (ISB) has been accredited by the EFMD Quality Improvement System (EQUIS) and re-accredited by the Association for Advancement of Collegiate Schools of Business (AACSB). With this, it joins the league of just about a hundred select business schools worldwide that have both AACSB and EQUIS accreditations.
AACSB and EFMD are internationally accepted accreditation institutions focused on raising the standards of management education worldwide. ISB was the first B-school in South Asia to get the AACSB accreditation in 2011.
Making the announcement, Rajendra Srivastava, Dean, ISB, said, “It is a proud moment for all of us at ISB to be in the select group of schools accredited by EQUIS and AACSB. Over the past 15 years, ISB has focused on building a high-quality teaching and research environment, delivering education that is responsive to the needs of businesses, government and the larger society, and I am happy that our efforts are being recognised world over. The accreditations are an endorsement of the calibre of our outstanding faculty, alumni, students and staff who have demonstrated high standards of excellence.”
Both EQUIS and AACSB accredit an institution as a whole after evaluating whether its quality controls meet rigorous international standards. They especially evaluate the institution’s focus on internationalisation and ethics, its connections with the corporate world, and how it balances between academic and managerial relevance.
The key areas of focus for EQUIS are: a) Environment b) Institutional status c) Governance d) Mission, vision, and values e) Strategic positioning f) Strategic direction and objectives g) Strategic planning h) Quality assurance i) Internationalisation j) Ethics, responsibility, and sustainability, and k) Corporate connections. The AACSB accreditation requires evidence of continuous quality improvement in three vital areas: engagement, innovation, and impact.