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NEWS
USB: What does the future hold?
USB: What does the future hold?

The power of persistence
The power of persistence

Flying lessons for leaders - Part 2
Flying lessons for leaders - Part 2

Why starting a business is often a labour of love
Why starting a business is often a labour of love

What’s good for the goose is good for gander: or is it?
What’s good for the goose is good for gander: or is it?

Mentoring yourself for entrepreneurial success
Mentoring yourself for entrepreneurial success

Collaborative response needed to address climate change
Collaborative response needed to address climate change

MBA research: Finance challenges facing SMMEs
MBA research: Finance challenges facing SMMEs


"Receiving my MBA was a personal high point in my life"

UCT GSB prof elected as government advisor
UCT GSB prof elected as government advisor

Leadership: Women and the Glass Ceiling
Leadership: Women and the Glass Ceiling

Godfrey Nthunzi – The MBA gave me a wider world view
Godfrey Nthunzi – The MBA gave me a wider world view

Chairman of the Faculty of Assessors (AMBA) visited the NWU
Chairman of the Faculty of Assessors (AMBA) visited the NWU

GIBS Youth Survey: The Mandela Generation
GIBS Youth Survey: The Mandela Generation

Make sure your GMAT showcases your business skills
Make sure your GMAT showcases your business skills

Word of mouth – getting people talking about your company
Word of mouth – getting people talking about your company

Research addresses stress in Durban’s tourism sector
Research addresses stress in Durban’s tourism sector

Entrepreneurship: Re-imagining a new campus habitus
Entrepreneurship: Re-imagining a new campus habitus

Turning SA businesses to Green IT
Turning SA businesses to Green IT

GIBS and Primedia Unlimited uncover shopping mall gold
GIBS and Primedia Unlimited uncover shopping mall gold

The public sector entrepreneur – a new type of leadership
The public sector entrepreneur – a new type of leadership

Only NDP can save SA from low-growth trap
Only NDP can save SA from low-growth trap

UCT GSB goes on show across Africa
UCT GSB goes on show across Africa

CSR is not a project
CSR is not a project

GIBS awards R350 000 in MBA bursaries and scholarships
GIBS awards R350 000 in MBA bursaries and scholarships

NWU PBS: Aiming for the moon
NWU PBS: Aiming for the moon

What’s driving Tesla’s open source gambit?
What’s driving Tesla’s open source gambit?

SA youth would rather work for government than themselves
SA youth would rather work for government than themselves

What will our youth face in 2030?
What will our youth face in 2030?

South Africa’s uphill climb
South Africa’s uphill climb

How to build a good reputation for your company
How to build a good reputation for your company

Gender diversity is not just a numbers game
Gender diversity is not just a numbers game

In discussion with Jay Naidoo
In discussion with Jay Naidoo

New USB-ED Management Index explores SA management landscape
New USB-ED Management Index explores SA management landscape

Do you realise what you’ve got?
Do you realise what you’ve got?

New MBA timetable starts in 2016
New MBA timetable starts in 2016

EVENTS
Henley MBA Information Session
Henley MBA Information Session
08 August 2014,
Johannesburg

Wits Business School MBA Open Day
Wits Business School MBA Open Day
23 August 2014,
Johannesburg



02 AUGUST 2013
Internationally accredited qualifications are crucial
With the scarcity of jobs on both the African continent and abroad, it is essential for African business professionals to select a business school that holds international accreditation/s, as this will objectively ensure the quality of education on which they will build their future career.

This is the view of Professor Eon Smit, professor of Business Management at the University of Stellenbosch Business School (USB), in South Africa. Smit says that in Sub-Saharan Africa there is, given the size of the population, an overwhelming shortage of business schools that conform to the most minimal quality criteria that can be set for such institutions, excluding the government accredited schools in South Africa. He says that in the competitive business environment on the African continent – and the world beyond – an accreditation stamp provides surety of quality education.

“Given significant quality differences between thousands of international business schools, interested groups have taken the initiative to lay down the quality criteria for business schools and have set up watchdogs to act as guardians of quality. For example, EQUIS was initiated by employer organisations to guard their interests, the AACSB originated out of the self-interest of the education industry to guard quality education and AMBA mainly represents the interests of the alumni of business schools. Each brings a slightly different perspective to quality, which if regarded jointly, provides assurance of quality education from a wide number of perspectives.”

According to Smit, accreditation implies that a business school qualification is backed up by a guarantee that it adheres to the strictest international quality criteria in the industry, comparable to the International Organisation for Standardisation (ISO) norms. The guarantee is not issued by the school itself or through subjective market judgements; instead, it is underwritten by the school’s international competitors who are part of the judgement passed by the international community.

He says that the value of accreditation is significant, with benefits reaching far beyond rankings or prestige. “They provide students with the surety that they will receive quality education, especially when competing in the global employment market. Students are also given the opportunity to take advantage of the vast knowledge, institutional and personal networks represented by the accrediting bodies.”

Smit says that globally there are numbers of schools hoping to one day achieve Triple Crown (AACSB, EQUIS and AMBA) accreditations. “It is the only objective measure through which a school’s quality is acknowledged by its competitors and beyond. Achieving the Triple Crown accreditation represents more than a marketing exercise; it is in fact the outcome of a comprehensive quest for total quality control.”

However, Smit says that achieving the Triple Crown of accreditations is currently still a tall order for the majority of Africa’s business schools.

“For many reasons, most of Africa’s business schools do not yet pursue accreditations. For some, there may be a large gap between the status quo and the ideal standards, and catching up is very difficult. Other schools instead may prefer to act on the local playing field, rather than to become international bastions of business knowledge and acumen. Moreover, it is also possible that schools may decide to utilise scarce resources in pursuing rankings rather than academic accreditations.”

In addition to these challenges, Smit says that Africa’s business schools have to deal with many issues that relate to internal institutional legitimacy. For example, the need for a high level of autonomy for business schools is not necessarily well understood within educational systems or universities. The quest for quality is further hampered by financial constraints to the creation of a modern learning environment.

“Overcoming these challenges will not be easy and progress may be relatively slow. Progress will depend on factors such as stepping up economic growth rates, which will create a demand for well-trained management, real international fixed investment driving a high-level manpower demand, and an accompanying programme of assistance to achieve this. Furthermore, dedicated assistance in building international schools in partnership with African institutions will also contribute,” he concludes.
Source:

University of Stellenbosch Business School
The internationally accredited University of Stellenbosch Business School (USB) offers MBA, Master’s, MPhil and PhD programmes as well as executive education programmes – all focused on the development of business leadership. Visit our InfoCentre or website.

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