The Asia-Pacific region is one of the fastest growing regions for quality business education. Many of the institutions in the region can now compete globally with the top business schools in the world. Their academic rigor, excellent corporate connections and exceptional career opportunities for graduates are proven by their international accreditations and their high placement in the world rankings.
Since its establishment, a strong emphasis on internationalization and corporate connections has been the differentiating point of the EQUIS accreditation system. Coupled with recently added ethics, responsibility and sustainability standards, they have created a solid framework for quality measurement for international business schools.
This framework has context and strategy at its heart. An accredited school should have a clear vision for its future direction and from which its medium-term objectives are derived, taking into account the School’s environmental context. Sufficient resources, external governance and internal management structures are vital to ensure successful implementation of the strategic plan.
Furthermore, EQUIS accredited schools will aim to recruit talented students with diverse backgrounds and to produce high quality graduates who are sought after by employers. Personal development is a key linkage between students and programmes. Schools therefore need to be closely connected to the corporate world, widely defined as private and public sector.
It is also vital that the School’s graduates and faculty have an understanding and empathy with different international cultures and practices and acquire the skills to operate effectively in an international environment.
The output from a School’s research & development is an important contribution towards knowledge transmission and to advancing the practice of management, ultimately leading to enhancing the School’s reputation.
While not all business schools carry out Executive Education, and it is not a requirement for EQUIS, this activity should largely be delivered by the School’s own faculty since it can provide a direct link between knowledge creation and the educational needs of employers.
EQUIS has always aimed at building a community of mutual learning and best practice for business schools coming from different higher-education systems. Prof. Sue Cox, Dean Emerita of Lancaster University Management School in the UK and former EFMD Board member, stresses the emphasis on schools’ differentiating points in the EQUIS quality framework. “EQUIS actively encourages schools to consider their unique selling proposition within the strategic planning process,” she says.
Over the last 20 years, EFMD has conducted over 600 peer review visits, with over a thousand outstanding experts devoting their time and knowledge to the development of the system.
To date, EQUIS has accredited 48 leading business schools in the region, starting with Australia and Japan and spreading rapidly to China, Singapore, Thailand and South Korea. Back To Top