The Lagos Business School (LBS) has finally achieved
international accreditation from the Advanced Collegiate Schools of Business
(AACSB), the school which was founded twenty five years ago and has been
committed to world class standard of teaching, learning, research, academic and
professional management; measures up with few business schools that can boast
of such international mandate in the globe.
Lagos Business School (LBS) Faculty and Strategy Expert,
Chris Ogbechie while addressing press on Friday in Lagos made it known that
Lagos Business School has become the first institution in West Africa to be
accredited by the Association to Advance Collegiate Schools of Business
(AACSB). With effect from December 1, 2016, LBS joins the league of less than 5%
of business schools globally, to be accredited by this body.
AACSB is the leading global accreditation body schools
offering undergraduate, masters and doctorate degrees in business and
accounting. Founded in 1916, AACSB has its headquarters at Tampa, Florida,
United States of America, it is the largest business education network, linking
students, academia and business education around the world.
By the feat of AACSB Accreditation, Lagos Business School
has once more distinguished itself as a management education provider of high
repute in Africa. Only four other schools in the entire continent have this
accreditation, three in South Africa and one in Egypt.
Schools that are also accredited in the world by AACSB
include: Harvard University -Harvard Business School (United
States-Massachusetts), IMD (Switzerland), Imperial College London- Imperial
College Business School (United Kingdom-England), University of Cape Town –
Graduating School of Business (South Africa-Cape Town), IESE Business School
(Spain), Yale University-Yale School of Management (United States-Connecticut).
According to Ogbechie, the accreditation process is designed
to validate business schools that are committed to global standards of
excellence in strategic management and innovation, student experience, and
quality of both teaching and non teaching staff.
The AACSB International accreditation, among other benefits,
accords students of accredited schools the opportunity to participate in
international student exchange programmes with other accredited schools. It
also increases students` competitiveness in the domestic and international
labour markets, helping them get recognized worldwide by top employers and
other universities.
In addition, the accreditation provides faculty members of
these schools with opportunities for in-depth research and global recognition.
Faculty and staff of accredited schools are assured of the school`s visibility
and increased capacity to attract top quality students for their programmes.
Alumni of accredited schools can be proud of their alma maters` global
visibility and recognition – a validation of the quality of their certificates.
