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Accreditation Council for Business Schools and Programs

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Accreditation Council for Business Schools and Programs
AbbreviationACBSP
Formation1989 [1]
TypeNGO
PurposeEducational accreditation
Key people
Dewayne Thompson (chairman)
Websitewww.acbsp.org

The Accreditation Council for Business Schools and Programs (ACBSP), formerly the Association of Collegiate Business Schools and Programs, is a U.S. organization offering accreditation services to business programs focused on teaching and learning.[2]

Based in Overland Park, Kansas (a suburb of Kansas City), ACBSP was created to fulfill a need for specialized accreditation by colleges and universities with business schools and programs.[3]

History

ACBSP was founded in 1989 to accredit business schools with an emphasis on teaching and learning.[1] At the time, only 260 out of 2,400 schools of business had specialized professional accreditation, all from the Association to Advance Collegiate Schools of Business (AACSB). Most or all of the AACSB accredited schools had an emphasis on research, while most other schools had an emphasis on teaching. On April 28, 1988, 150 of the non-accredited schools met in Kansas City, Missouri, to consider alternatives to AACSB accreditation for teaching-oriented schools.[4]

On May 12, 1989, a study group completed a feasibility study and submitted recommendations for standard for accreditation by the ACBSP. In August 1992, ACBSP was recognized by the U.S. Department of Education as a specialized accreditation agency for business education. In June 1994, a U.S. Department of Education Advisory Committee recommended withdrawal of recognition for the ACBSP due to a determination that ACBSP accreditation would not be a "required element" in making an institution eligible to participate in U.S. federal government programs under the Higher Education Act or other authorities.[5] However, at its meeting on January 22, 2001, the Council for Higher Education Accreditation (CHEA) Board of Directors granted recognition to the ACBSP.[6] On September 19, 2011 The CHEA renewed its recognition of the ACBSP for a further 10 years.[7]

In June 2010, the ACBSP changed its name from Association of Collegiate Business Schools and Programs to Accreditation Council for Business Schools and Programs.[4][8] The ACBSP accredits mostly business schools with traditional campus locations, but also accredits online business programs as well.

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Business school

Business school

A business school is a university-level institution that confers degrees in business administration or management. A business school may also be referred to as school of management, management school, school of business administration, or colloquially b-school or biz school. A business school teaches topics such as accounting, administration, business analytics, strategy, economics, entrepreneurship, finance, human resource management, management science, management information systems, international business, logistics, marketing, sales, operations management, organizational psychology, organizational behavior, public relations, research methods, real estate, and supply chain management among others.

Association to Advance Collegiate Schools of Business

Association to Advance Collegiate Schools of Business

The Association to Advance Collegiate Schools of Business, also known as AACSB International, is an American professional organization. It was founded as the American Assembly of Collegiate Schools of Business in 1916 to provide accreditation to schools of business, and was later known as the American Association of Collegiate Schools of Business and as the International Association for Management Education.

Higher Education Act of 1965

Higher Education Act of 1965

The Higher Education Act of 1965 (HEA) was legislation signed into United States law on November 8, 1965, as part of President Lyndon Johnson's Great Society domestic agenda. Johnson chose Texas State University, his alma mater, as the signing site. The law was intended "to strengthen the educational resources of our colleges and universities and to provide financial assistance for students in postsecondary and higher education". It increased federal money given to universities, created scholarships, gave low-interest loans for students, and established a National Teachers Corps. The "financial assistance for students" is covered in Title IV of the HEA.

Council for Higher Education Accreditation

Council for Higher Education Accreditation

The Council for Higher Education Accreditation (CHEA) is a United States organization of degree-granting colleges and universities. It identifies its purpose as providing national advocacy for academic quality through accreditation in order to certify the quality of higher education accrediting organizations, including regional, faith-based, private, career, and programmatic accrediting organizations.

Membership

As of August 2010, ACBSP reported having over 8,000 individual members and 828 member educational institutions, of which 529 had ACBSP accreditation and 220 had candidacy status. All but 134 member institutions are in the United States.[4] In April 2013, ACBSP reported 1,171 member campuses, 183 of which are located outside of the U.S. Of those campuses, 586 have achieved accreditation and more than 500 are in candidacy for accreditation. Individual members on these campuses now exceed 10,000.[9]

Affiliations

ACBSP holds membership and/or recognition in the following networks:

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Universidad Argentina de la Empresa

Universidad Argentina de la Empresa

Argentine University of Enterprise is a private university in Buenos Aires, Argentina. It was founded by the Argentine Chamber of Corporations.

Council for Higher Education Accreditation

Council for Higher Education Accreditation

The Council for Higher Education Accreditation (CHEA) is a United States organization of degree-granting colleges and universities. It identifies its purpose as providing national advocacy for academic quality through accreditation in order to certify the quality of higher education accrediting organizations, including regional, faith-based, private, career, and programmatic accrediting organizations.

European Association for Quality Assurance in Higher Education

European Association for Quality Assurance in Higher Education

The European Association for Quality Assurance in Higher Education (ENQA), formerly the European Network for Quality Assurance in Higher Education, was established as an organization to represent quality assurance and accreditation organisations from the European Higher Education Area and internationally.

International Network for Quality Assurance Agencies in Higher Education

International Network for Quality Assurance Agencies in Higher Education

The International Network for Quality Assurance Agencies in Higher Education (INQAAHE) is an international quality assurance body. It works closely with national accreditation bodies, including the Council for Higher Education Accreditation in the US, and other coordinating bodies, such as the European Association for Quality Assurance in Higher Education (EQNA) in Europe, and with academicians to control educational quality in around 140 countries, and is headquartered in Barcelona, Spain.

Global Management Challenge

Global Management Challenge

Global Management Challenge (GMC) is a strategic management competition for managers and university students. Participants form teams of 3-5 members, and each team is placed in a group of 5-8 teams, depending the competition. The teams are then given a virtual company, initially identical to every other company in the competition. Each team then develops their company by making a series of decisions relating to every aspect of the business, such as how many machines to buy, or how much to spend on advertising. In each round, five sets of decisions are taken, corresponding to five quarters. A quarter is a period said to span three months.

Federation of Swiss Private Schools

Federation of Swiss Private Schools

Federation of Swiss Private Schools (SFPS), is a Swiss association of private Schools in Switzerland. Its aim is to bring together and defend the interests of private schools throughout Switzerland.

American Academy of Financial Management

American Academy of Financial Management

The American Academy of Financial Management (AAFM) was a US-based board of standards, certifying body, and accreditation council focused on the finance sector and wealth management professionals. AAFM was superseded by the Global Academy of Finance and Management.

Honor societies

Through an agreement made in January 1992 between Delta Mu Delta and ACBSP, establishment of Delta Mu Delta chapters is now exclusively at colleges and universities with business programs which are accredited by ACBSP at the baccalaureate/graduate levels.[25] Delta Mu Delta was founded in 1913 by the Dean from Harvard University and four professors from Yale University and New York University to recognize students in accredited business schools for their high academic achievement in baccalaureate, masters and doctorate programs.[26] The ACBSP also recognizes the Kappa Beta Delta business honor society [27] and the Sigma Beta Delta business honor society.[28] Membership in the honor societies is also available to online students who are attending ACBSP accredited programs.

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Delta Mu Delta

Delta Mu Delta

Delta Mu Delta (ΔΜΔ) is an international honor society that recognizes academic excellence in Baccalaureate, Master's, and Doctorate degree business administration programs at Association of Collegiate Business Schools and Programs (ACBSP)-accredited schools. It was founded November 18, 1913 by the Dean from Harvard University and four professors from Yale University and New York University.

Harvard University

Harvard University

Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher learning in the United States and is widely considered to be one of the most prestigious universities in the world.

Yale University

Yale University

Yale University is a private Ivy League research university in New Haven, Connecticut. Founded in 1701, Yale is the third-oldest institution of higher education in the United States and one of the nine colonial colleges chartered before the American Revolution.

New York University

New York University

New York University (NYU) is a private research university in New York City. Chartered in 1831 by the New York State Legislature, NYU was founded by a group of New Yorkers led by then-Secretary of the Treasury Albert Gallatin.

Sigma Beta Delta

Sigma Beta Delta

Sigma Beta Delta (ΣΒΔ) is a scholastic honor society that recognizes academic achievement among students in the fields of business, management, and administration .

Employer recognition

In 2006, Intel announced that it would no longer provide tuition reimbursement for employees to attend business schools with accreditation from ACBSP, which accredited several for-profit universities. Instead they will only be accepting AACSB accredited courses. At the same time the company imposed a similar restriction on reimbursements for engineering programs. The company explained that the policy change was intended to make the program more cost-effective to the company, noting that employees had been receiving reimbursement for programs "that were not of the highest value to the company" or left Intel after finishing programs that did not advance their careers there.[29][30][31][32] This was perhaps an indirect criticism of the University of Phoenix and other rapidly growing for-profit colleges that seemed unstable; with many rotating part-time instructors and over many locations nationwide.

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Intel

Intel

Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California. It is the world's largest semiconductor chip manufacturer by revenue, and is one of the developers of the x86 series of instruction sets found in most personal computers (PCs). Incorporated in Delaware, Intel ranked No. 45 in the 2020 Fortune 500 list of the largest United States corporations by total revenue for nearly a decade, from 2007 to 2016 fiscal years.

University of Phoenix

University of Phoenix

University of Phoenix (UoPX) is a private for-profit university headquartered in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels. It is institutionally accredited by the Higher Learning Commission and has an open enrollment admissions policy for many undergraduate programs. The school is currently owned by Apollo Global Management and Vistria Group, two US private-equity firms, but is in the process of being sold.

For-profit higher education in the United States

For-profit higher education in the United States

For-profit higher education in the United States refers to the commercialization and privatization of American higher education institutions. For-profit colleges have been the most recognizable for-profit institutions, but commercialization has been a part of US higher education for centuries. Privatization of public institutions has also been increasing since at least the 1980s.

Source: "Accreditation Council for Business Schools and Programs", Wikipedia, Wikimedia Foundation, (2023, March 16th), https://en.wikipedia.org/wiki/Accreditation_Council_for_Business_Schools_and_Programs.

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Further Reading

Asian Institute of Management

Delta Mu Delta

International Accreditation Council for Business Education

ISG Business School

Business School Lausanne

Apollos University

EU Business School

Alpha Beta Gamma

International School of Management (Paris)

GBSB Global Business School

Sigma Beta Delta

Charisma University
References
  1. ^ a b "Accreditation: An opportunity for recognition". Communicator. American Accounting Association. February 1998. Archived from the original on 2016-03-03.
  2. ^ ACBSP Mission, http://www.acbsp.org/?page=about_us
  3. ^ "Accreditation Council for Business Schools and Programs (ACBSP)". CollegeAtlas.org.
  4. ^ a b c About ACBSP Archived August 11, 2010, at the Wayback Machine, ACBSP website, accessed October 27, 2010
  5. ^ National Advisory Committee on Institutional Quality and Integrity, Notice of public meeting Archived September 26, 2011, at the Wayback Machine, Federal Register, October 13, 1995 (Volume 60, Number 198), Page 53345-53347
  6. ^ CHEA Directory Archived 2014-09-23 at the Wayback Machine
  7. ^ "CHEA Recognition Summary" (PDF). Archived from the original (PDF) on 2016-03-04. Retrieved 2011-10-29.
  8. ^ [1], ACBSP CHEA
  9. ^ ACBSP Website - History Retrieved January 25, 2014
  10. ^ "MBA Glossary: ACBSP". MBA Warrior Blog. 17 September 2012. Archived from the original on 2014-08-19.
  11. ^ "Recognition Summary ACSBP" (PDF). ACBSP. 2011-09-20. Archived from the original (PDF) on 2016-03-04. Retrieved 2016-01-17.
  12. ^ "Affiliates - Detail View". ENQA. Archived from the original on December 4, 2013. Retrieved July 29, 2013.
  13. ^ "Members". Inqaahe. Archived from the original on 2016-01-13. Retrieved 2016-01-17.
  14. ^ "AABS - Academic Accreditation Bodies". Aabschools.com. Archived from the original on 2016-01-26. Retrieved 2016-01-17.
  15. ^ "PRME - Participants - Supporting Organisations". Unprme.org. 2012-12-20. Retrieved 2016-01-17.
  16. ^ "Consejo Latinoamericano de Escuelas de Administración". Cladea.org. Archived from the original on 2016-02-18. Retrieved 2016-01-17.
  17. ^ "ACBSP Bringing Together Those Dedicated to Teaching Excellence" (PDF). Российская Ассоциация Бизнес-Образования. Accreditation Council for Business Schools & Programs. 13 September 2010. Archived from the original (PDF) on 2014-06-05.
  18. ^ "Guest Post: Assuring Quality Business Education in India". MBA Warrior Blog. 10 October 2012. Archived from the original on 2014-06-05.
  19. ^ "Partners". Global Management Challenge USA. Archived from the original on January 18, 2012. Retrieved June 18, 2013.
  20. ^ "Enactus". Accreditation Council for Business Schools & Programs.
  21. ^ "Internationally Recognized Accreditations" (PDF). Retrieved 2016-01-17.
  22. ^ ACBSP Certification Agreement. "ACBSP Certification Agreement" (PDF).
  23. ^ "GAFM Master Training certification recipients attend Asia-Pacific Executives Forum". Daily Mirror. March 2, 2019. Retrieved March 4, 2019.
  24. ^ "GAFM Master Training certification recipients attend Asia-Pacific Executives Forum". Daily Mirror via PressReader. March 2, 2019. Retrieved March 4, 2019.
  25. ^ "Awards and Honor Societies". Accreditation Council for Business Schools & Programs. Archived from the original on May 12, 2013. Retrieved June 18, 2013.
  26. ^ "History - Delta Mu Delta International Honors Society | Delta Mu Delta International Honors Society". Deltamudelta.org. Retrieved 2016-01-17.
  27. ^ "Honor Societies". Midlands Technical College. Archived from the original on 2003-09-01.
  28. ^ "Delta Mu Delta". Accreditation Council for Business Schools & Programs.
  29. ^ Gilbertson, Dawn (December 5, 2006). "Intel cuts tuition aid for University of Phoenix classes". The Arizona Republic.
  30. ^ Stu Woo, Intel Cuts 100 Colleges From Its Tuition-Reimbursement Program for Employees, The Chronicle of Higher Education, February 2, 2007.
  31. ^ Dillon, Sam (February 11, 2007). "Troubles Grow for a University Built on Profits". The New York Times, February 11, 2007.
  32. ^ "Employers cut MBA students' tuition benefits". Portland Business Journal. Portland, Oregon. May 27, 2007.
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