AACSB Accreditation AACSB (Association to Advance Collegiate

Schools of Business) standards “support and encourage excellence in management education worldwide” 504 accredited institutions in 24 nations, 167 of whom

also have accounting accreditation In Indiana, four universities have both business and

accounting accreditation: Ball State, IU, Notre Dame, and

AACSB Accreditation AACSB accreditation “represents the highest standard of

achievement for business schools worldwide” Commitment to quality and continuous improvement Guide educational delivery by carefully constructed mission

see USI COB mission Select and support students to produce outstanding graduates

implications for “high access” university? implications for classroom expectations?

Deliver degree programs with qualified faculty Structure learning through relevant criteria

see Knowledge and Skill areas Contribute to knowledge through research and

scholarship implications for “student-centered” university?

USI COB Vision and Mission

Vision Statement Our vision is to provide a premier learning

experience in business that emphasizes an entrepreneurial mindset which involves innovative thought and openness to new ideas

USI COB Vision and Mission

Mission Statement Our mission is to place the student at the center of

our college’s educational activities, both inside and outside the classroom. We are committed to offering a value-driven business education that provides personalized attention, enhances lifelong learning, values creativity and innovation, ensures an interactive learning experience, and nurtures social responsibility and integrity.

Guiding Principles

AACSB Accreditation Knowledge and Skill Areas

General Communication abilities Ethical understanding and reasoning abilities Analytic skills Use of information technology Multicultural and diversity understanding Reflective thinking skills

Management-specific Ethical and legal responsibilities in organizations and society Financial theories, analysis, reporting, and markets Creation of value through the integrated production and distribution of

goods, services, and information Group and individual dynamics in organizations Statistical data analysis and management science as they support

decision-making processes throughout an organization Information technologies as they influence the structure and processes

of organizations and economies, and as they influence the roles and techniques of management

Domestic and global economic environments of organizations

Employer Satisfaction with Recent College Graduates

Areas of concern Both technical and non-technical entry-level

employees were deficient in basic skills such as thinking abstractly, establishing priorities and setting goals, and using interpersonal skills to handle conflict or criticism Employers were particularly concerned about

technical graduates’ (e.g., computer scientists, accountants, engineers) writing and presentation skills

Source: Education Resources Institute, 1997

USI COB Mission Translated

Human Resource Development To assist you in the development of your knowledge,

skills, and abilities so as to enable you to be a competitive candidate in the labor market upon graduation, and an effective member of the organization that hires you… What will differentiate you?

Example: 30 resumes, five interviewees, one hire “Whatever you do, don’t treat your students like

customers!” (Journal of Management Education, 1998) Treating students like customers undermines their

education Educators should adopt a different guiding metaphor:

the fitness center, casting students as partners in the development of character Mohammed’s Gym!

Will you be market-ready?

CHRIS Q. STUDENT1234 Varsity Drive 812.123.4567

Evansville, IN 47712 cqstudent@usieagles.org

________________________________________________________OBJECTIVE:

EDUCATION: B.S., Business, University of Southern Indiana

May 200_

AACSB accredited

GPA:

SKILLS:

WORK

EXPERIENCE:

HONORS AND

ACTIVITIES:

Can Americans Compete? U.S. not building human capital as

before Primary and secondary schools

falling behind rest of world Universities still excellent, but

foreign students increasingly taking education back home

Science and engineering grads increasing elsewhere, declining here

Many iconic U.S. firms already do most business and employ most workers outside U.S. Conversely, some quintessential

American brands (e.g., Jeep) owned by non-U.S. cos

Many products of U.S. cos made outside U.S. while many non-U.S. cos make products here Dell laptop may have been

assembled in Malaysia from parts made by American cos in Thailand

Can Americans Compete? Large cos transcended nationality long ago – globalization creates

opportunities as well as challenges For American workers, globalization is dicier proposition—vast

numbers exposed to global labor market competition, contest many cannot win at this time Global economy increasingly based on information Cost of handling information in free fall Low-cost countries turning out large numbers of well-educated workers

fully-qualified to work in information-based economy China will produce 600,000 engineering grads this year, India 350,000,

U.S. 70,000 Outsourcing no longer threatens only mfg and lower-level knowledge

work McKinsey estimates 52% of engineering jobs amenable to offshoring,

31% of accounting jobs Downward pressure on U.S. wages

Can Americans Compete? Question is whether there can be economic dominance wo/

technology leadership Until scientific revolution began in 17th century, virtually everyone

lived on verge of subsistence Three centuries of technology breakthroughs are root of today’s

abundance in developed world Those w/ technological edge have highest standard of living

Key to competitiveness is maintaining technological superiority – continually creating high-value new jobs that workers in rest of world can’t do yet #1 policy prescription: education That’s a problem for America today

As America changed from agricultural to industrial economy, high school movement swept U.S. 8th grade education no longer enough

European model, which prepared small minority of young people for college, was rejected Morrill Act of 1862—land-grant universities

By 1940, U.S. was world’s best-educated nation

Can Americans Compete? U.S. spending on R&D will have to increase

71% of industrial R&D is on development, not basic research

Federal funding of research in physical sciences as percentage of GDP has been declining for 30 years

How can American workers be worth what they cost? Greatest challenge will be changing a culture that neither

values education nor sacrifices the present for the future as much as it used to – or as much as our competitors do

Challenge to business, government, and society