Importance of global accreditation

Indian Institutes of Management (IIMs) are in talks to get foreign accreditation to adhere to global benchmark which is likely to help them in seeking tie-up with foreign counterparts. 
IIM Ahmedabad was the first to get such recognition when it got approval from the European agency EQUIS in 2008. IIM Bangalore got a similar accreditation from EQUIS last week. 
he accreditating organisation expects a B-school to adopt certain changes in its functioning to conform to its global standards as they go about the process. A B-school’s objectives, goals and research works come under the lens. “We are tweaking the evaluation methods by detailing feedback given to students and also increasing its frequency.

IIM Kozhikode hopes to get accredited by AMBA (Association of MBAs), a UK-based organisation, in next four months. 

IIMC has been in talks with AACSB International, a North American body, for a year now. An accreditation with AACSB will help IIMC to offer its students double degrees, one each from IIM Calcutta and the other from a US B-school, simultaneously. 

However, getting accreditation is not smooth and easy. Indian School of Business in Hyderabad had applied to AACSB in end of 2006 and is still going through the process.


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Vocab Power Updated Daily

  • COBBLED - Repair or mend
  • ABHORRENCE - Hate coupled with disgust
  • INCUMBENCY - The term during which some position is held
  • MITIGATE -Lessen or to try to lessen the seriousness or extent of
  • dubious - Open to doubt or suspicion
  • FOSTERING - Encouragement; aiding the development of something
  • ELICIT- Call forth (emotions, feelings, and responses)
  • PLAUSIBLE - Apparently reasonable and valid, and truthful
  • FORGE - Move ahead steadily
  • BOLSTER (V)-Support and strengthen
  • ECCENTRIC- A person with an unusual or odd personality
  • PATRONAGE - The act of providing approval and support
  • IMPERVIOUS - Not admitting of passage or capable of being affected

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