EQUIS
EQUIS (EFMD Quality Improvement System) is a prestigious, international system of quality assessment, improvement, and accreditation for schools of management, business, and economics. Here's an in-depth look into EQUIS:
History
- Founded by the EFMD (European Foundation for Management Development) in 1997, EQUIS was established to promote excellence in management education across the globe.
- The first institutions were accredited in 1999, marking the beginning of EQUIS's influence in shaping global business education standards.
Objective
- The primary aim of EQUIS is to raise the standard of management education worldwide by assessing institutions against a comprehensive set of criteria.
- It emphasizes not only the academic quality but also the internationalization, ethics, responsibility, and corporate connections of business schools.
Accreditation Process
- Schools apply for accreditation, and the process involves several stages including a self-assessment, peer review, and a visit by an EQUIS Accreditation Board.
- The review process evaluates the institution's mission, strategy, programs, faculty, students, research, internationalization efforts, ethics, and corporate engagement.
- If successful, accreditation is granted for a period of three years, after which the school must undergo a re-accreditation process.
Standards and Criteria
- EQUIS accreditation is based on 11 key criteria which include:
- Context, vision, and strategy
- Governance, leadership, and organizational structure
- Programs
- Students
- Faculty
- Research and development
- Internationalization
- Ethics, responsibility, and sustainability
- Corporate connections
- Resources
- Quality assurance
Impact and Recognition
- Receiving EQUIS accreditation is considered a mark of excellence in the field of business education, enhancing a school's reputation both locally and internationally.
- Accredited schools are part of an international network, facilitating exchanges, joint research, and collaborations.
Global Reach
- As of the latest data, EQUIS has accredited institutions across the globe, with a strong presence in Europe, Asia, North America, and increasingly in Africa and Latin America.
External Links
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