EFMD (European Foundation for Management Development) has re-accredited The Open University Business School with the esteemed EQUIS (European Quality Improvement System) endorsement for another three years.
The successful re-accreditation means that The Open University Business School is one of only 41 business schools in the world that has the triple accreditation of EQUIS, AMBA (Association of MBAs) and AACSB (Association to Advance Collegiate Schools of Business). The news reinforces why more than two thirds of FTSE 100 companies sponsor their staff on Open University Business School courses, as well as bolstering the appeal to individual students.
Speaking about the award, James Fleck, Dean and Professor of Innovation Dynamics said: “The EQUIS re-accreditation shows that The Open University Business School continues to show exceptionally high standards. Our pioneering method of practice-based learning is perfectly suited to a multinational mobile business community. Our style of teaching is international, mobile and focused on long-lasting results which are all important aspects, as the global business school arena becomes more competitive.”
The rigorous assessment process looked at all aspects of the Business School’s activity, which are divided into ten areas, allowing EFMD to directly compare and benchmark the business schools against each other. The areas of assessment included:
The EQUIS process requires that both the School and students (independently) provide a self assessment report covering the above areas. This is then ratified by a formal panel visit comprising Deans from other Business Schools and representatives from industry who meet a range of stakeholders which include, School faculty, students, corporate sponsors and governing bodies such as the International Advisory board, The EQUIS Peer Review Panel met with more than 70 people during their visit to The Open University Business School.
The EQUIS accreditation process takes place every three or five years.