AACSB Announces Collective Vision for the Future of Business Education









The Association to Advance Collegiate Schools of Business (AACSB) – a nonprofit membership organization of educational institutions, businesses, and other entities devoted to the advancement of management education – announced this week a vision for the future of business education that identifies five key opportunities for business schools to serve as drivers of change.

At its International Conference and Annual Meeting (ICAM), held April 3 – 5, 2016, in Boston, AACSB introduced its new vision. The five specific roles business schools are positioned to fill, according to the newly released report “A Collective Vision for Business Education,” are:

Catalysts for Innovation – Entrepreneurship and management innovation will drive new business creation and economic development in the future. With their multi-disciplinary approaches, networks, and the power to convene across sectors, business schools possess significant assets for taking a leading role in fostering innovation in society.

Co-creators of Knowledge – Today’s business, economic, and social landscapes face complex and multidisciplinary questions. New insights will emerge, with business schools firmly positioned at the intersection of industry and practice, as conveners and partners in knowledge creation.

Hubs of Lifelong Learning – Business schools have the potential to contribute to learning opportunities for a wide variety of individuals, at different points in their career life cycles. By connecting expertise and experiences, business schools will broaden the possibilities for learning and knowledge exchange.

Leaders on Leadership – Aspiring leaders of all kinds will benefit from better science behind leadership development. With experience in executive education, domain knowledge, and their industry connections, business schools can discover new insights into effective leadership, and create environments that train and nurture leaders.

Enablers of Global Prosperity – Business is now expected to be an active participant in addressing broad societal goals and social challenges. Business schools must continue to lead in the development of insights about effective, ethical organizations, while encouraging students to use management skills for the greater good.

Tom Robinson, President and CEO of AACSB, comments, “The introduction of the new vision at ICAM 2016 signals a renewed focus to enhance the role of business education in society, and empower business schools to move deeply, strategically, and successfully toward new possibilities. We look forward to schools embracing this new framework, evolving with, and learning from one another. This collective vision is not the end, it’s only the beginning step for business schools – and ultimately business – to serve as a force for good.”

For more information on AACSB, visit their Web site.

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