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NEWS
Management Education for all
Management Education for all

Resolving to do more with less in 2015
Resolving to do more with less in 2015

Empower your supervisors
Empower your supervisors

MANCOSA rewards academic excellence
MANCOSA rewards academic excellence

GIBS Professor Helena Barnard appointed to full professor
GIBS Professor Helena Barnard appointed to full professor

Be agile
Be agile

MANCOSA academic conferred with a professorship
MANCOSA academic conferred with a professorship

Breaking time, place and pace barriers to study
Breaking time, place and pace barriers to study

Managing Creativity and Innovation
Managing Creativity and Innovation

Unisa SBL Graduation Awards Dinner interrupts the world
Unisa SBL Graduation Awards Dinner interrupts the world

MBA student participates in President Obama’s YLA Initiative
MBA student participates in President Obama’s YLA Initiative

Putting the work into networking
Putting the work into networking

GIBS MBA alumna takes 2014 Visionary CIO Award
GIBS MBA alumna takes 2014 Visionary CIO Award

Mitchell’s Plain businesswoman receives top award from USB
Mitchell’s Plain businesswoman receives top award from USB

Tech start-ups
Tech start-ups

Strategy disclosure trends: 6 industries, 1 year
Strategy disclosure trends: 6 industries, 1 year

NWU PBS: 50 years of excellence
NWU PBS: 50 years of excellence

MANCOSA honours human rights activist at GSB opening
MANCOSA honours human rights activist at GSB opening

Students, past present and future rate UCT GSB top
Students, past present and future rate UCT GSB top

NMMU collaborating with the Ecosystem Return Foundation
NMMU collaborating with the Ecosystem Return Foundation

Regenesys MBA - Get ahead in your career
Regenesys MBA - Get ahead in your career

A celebration of brands
A celebration of brands

The physche of South Africa
The physche of South Africa

Why true entrepreneurs go down and still come back fighting
Why true entrepreneurs go down and still come back fighting

How many days of this year have you lived?
How many days of this year have you lived?

Herman Mashaba: Work hard, take risks, give back
Herman Mashaba: Work hard, take risks, give back

Trevor Manuel says SA needs to get into problem-solving mode
Trevor Manuel says SA needs to get into problem-solving mode

Is it time for your ‘Careercation’?
Is it time for your ‘Careercation’?

Cross-cultural fluency
Cross-cultural fluency

USB: New directions
USB: New directions

REGENT Business School's 2014 MBA and BCom graduation
REGENT Business School's 2014 MBA and BCom graduation

Be Inspired
Be Inspired

Diversity in the workplace: The good, the bad, the necessary
Diversity in the workplace: The good, the bad, the necessary

Medium-term budget: Doing more with less
Medium-term budget: Doing more with less

Regenesys now in top 7 in South Africa
Regenesys now in top 7 in South Africa

Rhodes Business School addresses critical skills shortage
Rhodes Business School addresses critical skills shortage

Eduniversal: USB climbs to Number 2 in Africa
Eduniversal: USB climbs to Number 2 in Africa

Our language is business!
Our language is business!

Creating sustainability during economic turbulence
Creating sustainability during economic turbulence

GIBS takes top ranking in Africa for its Executive MBA
GIBS takes top ranking in Africa for its Executive MBA

Register for the 2015 Regenesys MBA intake!
Register for the 2015 Regenesys MBA intake!

The business-savvy creative
The business-savvy creative

UNISA SBL Professor completes third PhD
UNISA SBL Professor completes third PhD

A banker who can see the big picture
A banker who can see the big picture

GIBS Deputy Dean Nicola Kleyn appointed as a VP of SABSA
GIBS Deputy Dean Nicola Kleyn appointed as a VP of SABSA

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

EVENTS
NMMU MBA Information Roadshow
NMMU MBA Information Roadshow
08 January 2015,
Port Elizabeth

NMMU MBA Information Roadshow
NMMU MBA Information Roadshow
09 January 2015,
Cape Town

NMMU MBA Information Roadshow
NMMU MBA Information Roadshow
10 January 2015,
Pretoria



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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