ACSB（Association to Advance Collegiate Schools of Business）announced on April 6th that, National Taiwan University's College of Management had passed its high standard accreditation process, and become a certified member of the Association, ranking among the top business schools in the world. By acquiring this accreditation, the School of Management is expected to enhance its international reputation, and to expand its opportunities for international cooperation.
AACSB was founded in 1916 in the United States. Its core mission is to promote the accreditation of the educational quality of global business schools. It is by far the most authoritative organization for accreditation of MBA programs, business schools and colleges of management and enjoys a very high academic standing.
The AACSB accreditation standards are very strict, and the evaluation process is very lengthy and complicated. Schools which apply to be accredited need to undergo repeated internal assessments and adjustments in order to meet the 21 evaluation criteria, which include assurance of teaching and research quality, a clear commitment to its mission statement and long term improvement. To maintain the quality of accreditation, schools of business or colleges of management need to participate in a peer review which happens once every five years, so as to prevent the quality of teaching and research from deteriorating .
In order to pass the AACSB accreditation, the College of Management summoned its faculty and staff to establish an "AACSB promotional team", which submitted the qualification application and applied to become an AACSB member. During the application process, members of the team integrated the teaching and research resources within the College, submitted periodical annual reports and evaluation reports to meet the AACSB criteria for evaluation. Finally, in February of 2010, AACSB sent a panel of judges to visit the College
of Management, whose members conducted final evaluation on the contents of the self-assessment reports, on the achievements of the College's international exchange and on the routine daily operations of the College. These judges also held talks with the professors, international affairs personnel, students, and alumni of the College. In April of 2010, the College of Management proudly acceded to the list of accredited schools, and became a certified bona fide member.
In recent years, the College of Management has been quite successful in terms of pushing toward globalization. The Global MBA program, which was set up in 2004, attracted many outstanding foreign students since all the courses are taught in English. Starting from 2005, the College of Management has consecutively signed 68 alliance treaties with globally famous business schools, receiving and sending out exchange students in large numbers. The College of Management also encourages its faculty members to offer courses in English, every semester as many as 60 courses are taught in English.
Obtaining international recognition has always been the goal for the College of Management, and the School is committed to enhancing teaching and research environments by international standards. In 2008 and 2009, the College of Management won the distinguished "Five Palms" rating from Eduniversal, and was recognized as one of the most influential business schools in the world. Its EMBA Program, in Financial Times Global Rankings, also came to the fore and obtained the 43rd and the 40th place in the world. Acquiring the AACSB accreditation is not only an affirmation of the innovative and excellent teaching spirit of the College of Management, but also laid a solid foundation for its global leading position.