The current wave of globalization has caused the most far-reaching and powerful changes to the way business schools do business. AACSB International's new groundbreaking report -The Globalization of Management Education: Changing International Structures, Adaptive Strategies, and the Impact on Institutions- addresses the need for business schools to understand these changes and respond accordingly.

 In the report, the AACSB Globalization of Management Education Task Force, chaired by Darden Dean Bob Bruner, asserts that rising expectations from business and society for graduates with global competencies, coupled with the increasing complexity and global connectedness of higher education, command the attention of business schools around the world. The report's findings draw upon results from a survey of AACSB member schools' collaborative agreements, a survey of academic thought leaders regarding global content in curricula, and a series of case studies.

"The imperative for change is clear. We are at a critical inflection point, and now is the time for all business schools to respond," said Bruner. "Schools must develop approaches that will positively impact globalization within the business community and broader society."

But the Task Force goes beyond simply calling schools to attention. The report presents insights that will help guide individual school strategy development and implementation. Focusing on approaches that include curriculum design, faculty development, and the cultivation of strategic partnerships, the Task Force challenges all business schools to embrace globalization in ways that are mission-appropriate, manageable given available resources, and meaningful to the stakeholders being served.

The report also considers the role of industry-wide initiatives that will move business schools from keeping pace with the sweeping changes of globalization to leading the way. "This definitive report reveals important implications for cross-border alliances, information sharing and benchmarking, and global quality assurance," said John J. Fernandes, president and chief executive officer of AACSB International. "The Task Force shows that through collaborations with one another and organizations like AACSB, business schools can accelerate and improve globalization."

A complimentary electronic copy of The Globalization of Management Education: Changing International Structures, Adaptive Strategies, and the Impact on Institutions is available to AACSB member schools and media, and an electronic or hard copy is available for purchase by the general public.

To learn more, contact communication@darden.virginia.edu or a member of the Communication Team.