The world's largest business-school accrediting association, the Association to Advance Collegiate Schools of Business (AACSB), says compilers are using inconsistent data and subjective opinions.
Here the international accrediting bodies, such as AACSB, AMBA and EQUIS will have a huge part to play.
Impact of studyAACSB International, the most widely recognised global accrediting agency of business schools, has accepted for publication a controversial report, aimed at increasing the practical value of research carried out in business schools.
If faculty refuse to accept this type of reform, AACSB's proposals are powerless the accrediting agency is no more than the sum of its parts.
AACSB, a US-headquartered body best known for accrediting business schools, has this very interesting web page on which it records donations of over $1m to business schools worldwide.
EQUIS, the accrediting arm of the European Foundation of Management and Development, accredits one business school in Poland, but there are many others on their way up.
And teachers, Mr Hout adds, should be required (by accrediting bodies) to have a certain number of years of work experience: no more entrusting paying MBAs to a naive PhD student whose management knowledge is limited to a few simulations.
The list of these thinkers and artists is too long to try to approximate in a short article but Mendelson's accrediting traces the names, books and ideas which underwrite Auden's most important works.
Once students start to complete them in large numbers and clamour for recognition, it will be hard for Europe's universities to resist accrediting the best of them, he believes.In the meantime, a second generation of MOOC is trying to mirror courses offered at traditional universities.
Since the 1970s, The SEC has blocked competition by not accrediting competing firms, while other US financial regulators have required institutions such as banks and pension funds to only carry assets given a high rating by these firms.This has led to an unnatural reliance on the rating agencies to evaluate debt instruments.
The association also offers continuing education programs, training, accrediting activities, and meetings.
