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The IACBE’s accreditation principles are designed to promote and stimulate excellence in business education, and each accreditation principle is linked to one or more characteristics of excellence in business education. The IACBE defines excellence in business education as displaying the following characteristics:
The business unit has a clearly defined and relevant mission and broad-based goals that are consistent with those of the institution.
The business unit has a strategic plan that is in touch with the realities of business education and the marketplace, and that is consistent with the strategic plan of the institution. This strategic plan is driven by the approved mission and broad-based goals of the business unit.
The business unit has developed and implemented an outcomes assessment process that promotes continuous improvement in the business programs and operations, and that is linked to the strategic plan of the business unit.
Students in the business unit develop, both personally and professionally, into well-educated, ethical, competent business professionals.
The business unit operates in an environment that encourages and promulgates innovation and creativity in business education.
The business unit has meaningful and effective linkages between the classroom and practitioners in the business community, thereby providing assurance of relevancy and currency in the academic programs.
The business unit encourages cooperative relationships with other educational units, both external and internal, which are consistent with its mission and broad-based goals.
Faculty in the business unit model ethical character and integrate ethical viewpoints and principles in their teaching.
Faculty in the business unit are effective teachers who are current in their fields and active in their professional contributions to their institution and discipline. Further, the faculty are positively engaged within their business unit and contribute to its mission and broad-based goals through appropriate faculty development and faculty evaluation processes.
The mix of academic and professional credentials of the business faculty is worthy of the respect of the academic and business communities.
The mission of the institution and its business unit is effectively communicated to current and prospective students.
The institution provides adequate resources to the business unit to accomplish its mission and broad-based goals.
The curricula in the business programs reflect the mission of the institution and its business unit, and are consistent with current, acceptable business practices and the principles of the professionals in the academic and business communities.
The curricula in the business programs ensure that students understand and are prepared to deal effectively with critical issues in a changing global business environment.
The content of business courses is delivered in a manner that is appropriate, effective, and stimulates learning.
The institution’s organizational structure supports excellence in business education.
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