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Bigger, better Leaderex 2016
Bigger, better Leaderex 2016

Will the real leaders please stand up...
Will the real leaders please stand up...

What innovation really means for business
What innovation really means for business

Getting behind local startups
Getting behind local startups

Coaching and mentoring: Ingredients for business success
Coaching and mentoring: Ingredients for business success

Onwards, upwards to career success
Onwards, upwards to career success

Is SA ready for the new world of work?
Is SA ready for the new world of work?

Ramp up your financial savvy
Ramp up your financial savvy

It’s time to build this nation... together
It’s time to build this nation... together

How to ensure business strategy success
How to ensure business strategy success

GSB students win award at US business case competition
GSB students win award at US business case competition

USB’s Top MBA student nominated for prestigious award
USB’s Top MBA student nominated for prestigious award

How to handle racism in the workplace
How to handle racism in the workplace

FNB CEO shares strategy lessons with USB MBA group
FNB CEO shares strategy lessons with USB MBA group

USB appoints new MBA head
USB appoints new MBA head

But is Africa still the next
But is Africa still the next "big thing"?

Prof Geoff Bick takes reins as acting director of the GSB
Prof Geoff Bick takes reins as acting director of the GSB

Join Entrepreneur 1000 for the opportunity of a lifetime!
Join Entrepreneur 1000 for the opportunity of a lifetime!

MSA alumnus is one of Africa’s most promising entrepreneurs
MSA alumnus is one of Africa’s most promising entrepreneurs

New era for Milpark Business School’s Distance Learning MBA
New era for Milpark Business School’s Distance Learning MBA

Money is a Capital Idea for SMMEs
Money is a Capital Idea for SMMEs

Henley’s PGDip programme registrations exceed expectations
Henley’s PGDip programme registrations exceed expectations

Wits Business School Career Fair a resounding success
Wits Business School Career Fair a resounding success

New cigarette law will not necessarily stop smokers
New cigarette law will not necessarily stop smokers

Brexit: Global and SA economy headed into unchartered waters
Brexit: Global and SA economy headed into unchartered waters

Marketing whizz says GSB gave her the edge
Marketing whizz says GSB gave her the edge

GIBS applications for 2017 now open
GIBS applications for 2017 now open

Creating an HR dream team
Creating an HR dream team

GIBS survey: Youth are interested in politics
GIBS survey: Youth are interested in politics

Will Microsoft’s LinkedIn purchase pay off?
Will Microsoft’s LinkedIn purchase pay off?

Brexit: What happened?
Brexit: What happened?

What can leaders learn from David Cameron?
What can leaders learn from David Cameron?

SA economy not yet out the woods
SA economy not yet out the woods

Africa’s top philanthropist honoured at Unisa
Africa’s top philanthropist honoured at Unisa

AfricaDay: Call for new thinking about Africa
AfricaDay: Call for new thinking about Africa

SA needs a revolution in how we think and act
SA needs a revolution in how we think and act

Aspen Pharmacare again invests in future leaders
Aspen Pharmacare again invests in future leaders

Overcoming anxiety ‘edges’
Overcoming anxiety ‘edges’

5 issues to consider when negotiating deals in Africa
5 issues to consider when negotiating deals in Africa

GSB applications now open!
GSB applications now open!

Sarb wise to leave interest rates unchanged for now
Sarb wise to leave interest rates unchanged for now

Henley retains top business school position in FT ranking
Henley retains top business school position in FT ranking

GIBS retains top spot among world’s best providers of ExecEd
GIBS retains top spot among world’s best providers of ExecEd

WBS MBA applications now open
WBS MBA applications now open

Simon Susman: Business leaders should speak up
Simon Susman: Business leaders should speak up

GSB professor wins prestigious award
GSB professor wins prestigious award

56 MBAs are awarded sought-after degree from NWU
56 MBAs are awarded sought-after degree from NWU

Make reality your friend
Make reality your friend

Empowering South Africans with disabilities
Empowering South Africans with disabilities

What is Ethical Leadership?
What is Ethical Leadership?

Fourth Industrial Revolution: Promise or peril?
Fourth Industrial Revolution: Promise or peril?

In which reality do you live?
In which reality do you live?

Globers on the Go
Globers on the Go

Follow the masters
Follow the masters

Entrepreneurship: A culture we need to embrace
Entrepreneurship: A culture we need to embrace

Leaders flock to Leaderex
Leaders flock to Leaderex

Bring on the coach
Bring on the coach

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

EVENTS
GIBS MBA Open Evening
GIBS MBA Open Evening
27 July 2016,
Harare

USB Information Session
USB Information Session
28 July 2016,
Gabarone

GIBS MBA Open Evening
GIBS MBA Open Evening
04 August 2016,
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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