95: Accreditation Values and Reporting: The Impactful Five Pedagogy as a Tool (10307)

As the world changes, the standards for accreditation are evolving. There is a need for change in higher education and accreditation institutions are noticing. The Association to Advance Collegiate Schools of Business (AACSB), the Association of MBAs (AMBA), and the European Foundation for Management Development’s (EFMD) are the three leading international accreditation bodies for many business schools. Over the years, there has been a notable shift in the content of criteria for accreditation towards focusing on impact, teaching, and developing of skills. These three components are the foundation on which the Impactful Five (i5) project is built. The i5 project was developed by The Principles for Responsible Management Education (PRME) initiative of the UN Global Compact. PRME’s mission is to transform management education and develop the responsible decision-makers of tomorrow to advance sustainable development. The i5 project focuses on integrating five characteristics into the pedagogy and teachings of business schools. The five characteristics– meaning, joy, social interaction, active engagement, and iteration –will provide graduates with the holistic skill set needed to create the largest impact in their careers, society, and on the world. In this PDW, participants will be engaging and discussing how the i5 can be used as a tool to aid business schools with reporting as well as acquiring and maintaining accreditation.