Template-Type: ReDIF-Article 1.0 Author-Name: John E. Cicala Author-Name: Natasha Delcoure Author-Name: Barbara R. Oates Title: DOES BENCHMARKING HINDER MISSION DIVERSITY OF AACSB-ACCREDITED SCHOOLS: EVIDENCE FROM THE U.S. AND EUROPE Abstract: Since 1991, business schools in the US and Europe that are affiliated with AACSB have been urged to employ a mission-driven philosophy and approach into their programs. An annual Business School Questionnaire (BSQ) is conducted and shared among members to provide characteristics related to their school and its program, including what priorities are emphasized with regards to both their mission’s general (teaching, research, and service) and scholarly (discipline-based, contribution-to practice, or pedagogy) orientations. The BSQ results are encouraged to be used for benchmarking. This study conducted an analysis of the self-categorizations to determine the extent of diversity among school mission orientation. The results indicate more conformity than diversity. The authors attribute the lack of variance to the established practice of benchmarking. Classification-JEL: I20, I21 Keywords: Accreditation, Mission, Objectives, Benchmarking, General Orientation, Scholarly Orientation, Conformity Journal: Business Education & Accreditation Pages: 1-14 Volume:9 Issue: 2 Year: 2017 File-URL: http://www.theibfr2.com/RePEc/ibf/beaccr/bea-v9n2-2017/BEA-V9N2-2017-1.pdf File-Format: Application/pdf Handle: RePEc:ibf:beaccr:v:9:y:2017:i:2:p:1-14 Template-Type: ReDIF-Article 1.0 Author-Name: Michael J. Page Author-Name: Niek Brunsveld Author-Name: Dianne L. Bevelander Title: DOES INTERNATIONAL BUSINESS ACCREDITATION ASSURE QUALITY OR CONSTRAIN INNOVATION? Abstract: This paper employs textual analysis to investigate whether business school accreditation guidelines may be considered to facilitate innovation. We identify the relative dominance of concepts and themes within accreditation guidelines of the three primary international business school associations. They demonstrate a relative paucity of concepts broadly related to innovation and a lack of sustained attention to experimentation and transformation. The location of these concepts within the various themes suggests that innovation is generally associated with discipline-based research while concepts with lesser innovative connotations are associated with education. We conclude that dominant business school accreditation standards do not yet induce behavior that extends much beyond focusing on assuring quality based upon past performance and metrics aligned with guaranteeing similar future outcomes Classification-JEL: M190 Keywords: Accreditation, Content Analysis, Innovation, Business Schools Journal: Business Education & Accreditation Pages: 15-26 Volume:9 Issue: 2 Year: 2017 File-URL: http://www.theibfr2.com/RePEc/ibf/beaccr/bea-v9n2-2017/BEA-V9N2-2017-2.pdf File-Format: Application/pdf Handle: RePEc:ibf:beaccr:v:9:y:2017:i:2:p:15-26 Template-Type: ReDIF-Article 1.0 Author-Name: Devi Akella Title: CAN ENGLISH LANGUAGE SKILLS IN BUSINESS CURRICULUM HELP IN AACSB ACCREDITATION? Abstract: Globalization has had a significant impact on management education and curriculum across the world. To assess and guarantee quality education different accreditation bodies have come into existence. In business education, AACSB International (Association for the Advancement of Collegiate Schools of Business) is highly popular, with a total of 655 accredited institutions out of which 165 are outside of the United States. Its popularity can be attributed to its emphasis on quality standards pertaining to research, mission oriented strategic planning, faculty and student achievements. Globalization and internationalization of curriculum is also an important component integrated within these accreditation standards. Business schools have responded in a variety of ways to meet this global accreditation requirement, schools have study abroad programs, student and faculty exchange programs, international business as one of the business courses on its curriculum, and integration of international dimensions and issues within its business courses. This paper will examine a business school located outside USA and how one of its mandatory graduation requirement for its business students can be considered as internationalization of curriculum Classification-JEL: M19 Keywords: AACSB, Quality Education, Globalization, Internationalization of Curriculum Journal: Business Education & Accreditation Pages: 27-34 Volume:9 Issue: 2 Year: 2017 File-URL: http://www.theibfr2.com/RePEc/ibf/beaccr/bea-v9n2-2017/BEA-V9N2-2017-3.pdf File-Format: Application/pdf Handle: RePEc:ibf:beaccr:v:9:y:2017:i:2:p:27-34 Template-Type: ReDIF-Article 1.0 Author-Name: Lynda S. Livingston Author-Name: Andrew R. Crosby Title: LONG-TERM PERFORMANCE AND POTENTIAL OF A STUDENT-MANAGED PEER-TO-PEER LOAN FUND Abstract: In 2009, students at the University of Puget Sound started a unique student-managed fund focused on peer-to-peer (P2P) loans. Using the online Prosper and Lending Club P2P platforms, students are able to screen and evaluate peer borrowers’ applications, which they may choose to fund with as little as $25 each. The consumer-oriented nature of the loans and the small investments required have made P2P lending an attractive option for a small student portfolio managed outside an endowment. In this paper, we describe our experience running this fund, which has consistently returned about 6% per year. We also discuss the potential for continued good performance, which is clouded by our increasing default rate and decreasing access to new loans. Institutional investors have moved in—and overrun—the P2P space. We conclude that the market is no longer as accessible or potentially profitable a mechanism for student experiential learning as it was when we began our fund. Classification-JEL: G21, M2, A2 Keywords: Peer-To-Peer Lending, Student-Managed Funds, Microcredit Journal: Business Education & Accreditation Pages: 35-49 Volume:9 Issue: 2 Year: 2017 File-URL: http://www.theibfr2.com/RePEc/ibf/beaccr/bea-v9n2-2017/BEA-V9N2-2017-4.pdf File-Format: Application/pdf Handle: RePEc:ibf:beaccr:v:9:y:2017:i:2:p:35-49 Template-Type: ReDIF-Article 1.0 Author-Name: Tom Cate Author-Name: Linda Dynan Title: AN INTEGRATED SYSTEM OF EDUCATION: USING STRUCTURED LEARNING ENVIRONMENTS AND ASSURANCE OF LEARNING TO IMPROVE STUDENTS' HUMAN CAPITAL Abstract: Students striving to acquire the capability of contributing to the modern global economy are neither clients nor customers of an educational institution. Rather, students are creators and consumers of their own human capital, the quality of which depends in part on the investment they and their institutions are willing to make in them as they progress through their education. Just as industry integrated quality control systems into its production processes to ensure high quality before the products were made available to potential customers, educational systems can do so too. We argue that the goals of an integrated system of education are not only to demonstrate learning on the part of students, but to provide information about the need, and opportunity, for remediation prior to completion of their chosen degree program. It is thus in the interest of students and their professors to continuously improve the quality of students’ human capital to enhance the personal satisfaction of graduates and the satisfaction of their future employers. We offer a path to do so Classification-JEL: A2 Keywords: Curriculum, Assurance of Learning, Quality Improvement Journal: Business Education & Accreditation Pages: 51-60 Volume:9 Issue: 2 Year: 2017 File-URL: http://www.theibfr2.com/RePEc/ibf/beaccr/bea-v9n2-2017/BEA-V9N2-2017-5.pdf File-Format: Application/pdf Handle: RePEc:ibf:beaccr:v:9:y:2017:i:2:p:51-60 Template-Type: ReDIF-Article 1.0 Author-Name: Terrance Jalbert Title: A MODEL FOR FORECASTING SMALL BUSINESS FINANCIAL STATEMENTS AND FIRM PERFORMANCE Abstract: Forecasting financial statements and completing comprehensive financial analysis constitutes a considerable challenge for entrepreneurs. Students in various entrepreneurship, finance and accounting courses also face this challenge. This paper presents a spreadsheet template that assists entrepreneurs and students with this task. The template creates forecasted financial statements, a capital budget, calculations of firm value and ratio analysis. The template addresses specific considerations of start-up firms. The template provides flexibility that allows adaptions to various entrepreneurs and to meet learning objectives of courses at varying levels. Classification-JEL: A2, G31, M13, M41 Keywords: Financial Statements; Pro-Forma Financial Statements, Forecasting, Entrepreneurship,Small Business Finance, Accounting for Small Businesses Journal: Business Education & Accreditation Pages: 61-84 Volume:9 Issue: 2 Year: 2017 File-URL: http://www.theibfr2.com/RePEc/ibf/beaccr/bea-v9n2-2017/BEA-V9N2-2017-6.pdf File-Format: Application/pdf Handle: RePEc:ibf:beaccr:v:9:y:2017:i:2:p:61-84