Impact and the 2013 AACSB Standards MAACBA Annual Meeting October 15-17, 2014 Impact and the 2013 AACSB Standards • Presenters: – John M. Beehler, Dean, School of Business, Robert Morris University – Shawn P. Daly, Dean, College of Business Administration, Niagara University – Joyce Strawser, Dean, Stillman School of Business, Seton Hall University AACSB Impact Studies Impact of Research Task Force • Reaffirmed business schools’ commitment to research and made recommendations to help maximize value & visibility of business school research. Key recommendations: • Require schools to demonstrate impact for ICs • Provide incentives for greater diversity in ICs based on mission • Create greater linkages between research and practice Impact of Research Guide • Ten school exploratory study • Explores the challenges and insights of the schools in determining the impact of research • Focused on three main categories: – Defining research expectations – Exploring possible measures of impact – Using and communicating what was learned Impact of Research Guide Revelations • Align research expectations with mission and identify target beneficiaries • Both qualitative and quantitative measures • Not easily comparable across institutions • Do cost/benefit analysis of measures • Be reflective of results & communicate results effectively to stakeholders (tell your story!) • Show impact on teaching & outreach activities • Align with faculty evaluation & rewards 2013 Standards Preamble • AACSB demands evidence of continuous quality improvement in management education through innovation, impact and engagement. 2013 Standards Preamble • The fundamental purpose of AACSB accreditation is to encourage business schools to hold themselves accountable for improving business practice through scholarly education and impactful intellectual contributions. • In the context of a profoundly changing business environment, the same factors impacting business also are changing higher education. 2013 Standards Preamble • Given today’s increasingly dynamic environment, standards and processes for accreditation must be designed not only to validate quality management education and impactful research, but also to provide leadership, encouragement and support for change in business schools. Impact Mandate • Context: given increasing accountability, business schools must focus on appropriate high-quality inputs and the outcomes of these inputs within the context of the business school’s mission and supporting strategies. • Mandate: business schools must document how they are making a difference and having impact. Impact Defined • Business schools must produce intellectual contributions that make a positive impact on business theory, teaching, or practice. • Impact – broader meaning – the business school, through the articulation and execution of its mission, should make a difference in business and society as well as in the global community of business schools and management educators. Impact - Key Points • Impact is defined in terms of the stated mission of the business school. • Business schools need to identify, measure and document the types of impact for all key areas within the mission: research, teaching and service. • The types and degrees of impact deemed important may vary between business schools based on stated missions. AACSB Table 2-1 Research: Quality vs. Impact • Table 2-1 contains Part C covering the “quality” of the portfolio of ICs and Part D covering the “impact” of ICs. • This implies that there is a difference between quality and impact. • Both sections require “qualitative descriptions and quantitative metrics” Issue: Can quality be an indicator of impact? Issue: If an IC is high quality can we assume that it is high impact? Standards Appendix • A non-exhaustive list of categories of impact and examples of metrics that schools may use to assess the impact of their activities. • It should be emphasized that not all activities may have impacts currently or at all while others may have multiple impacts. • May have to wait until future years to see and measure the impact of activities. Appendix Impact Categories • • • • • • • • Mission Alignment Impact Academic Impact Teaching/Instructional Impact Bachelor’s/Master’s Level Impact Doctoral Education Impact Practice/Community Impact Executive Education Impact Research Center Impact Metrics: Stakeholder Impact • Impact Metrics: Outcomes/impressions of stakeholders • Research • Mission Alignment: outcomes directed toward key institutional stakeholders (community, industry, government, sponsors, etc.) • Academic Impact: outcomes for scholarly community • Teaching • Teaching/Instructional Impact: instructors & students • Bachelors/Masters Impact: students & industry • Doctoral Impact: instructors & students • Service (proposing a more parallel structure) • Practice/Exec. Ed./Centers: activities (AACSB Standards) • Student/Business/Public/Academic: stakeholders CBA August 2013 Workshop -- 17 Research: Mission Alignment • Alignment of intellectual contribution outcomes with themes or focus areas valued by the business school's mission • Percentage of intellectual contribution outcomes that align with one or more "mission-related" focus areas for research • Percentage of faculty with one or more intellectual contribution outcomes that align with one or more mission-related focus areas • Research awards and recognition that document alignment with one or more "mission-related" focus areas for research • Substantive impact and carry-forward of mission as stated in Standard 1 and as referenced throughout the remaining accreditation standards • Linkage between mission as stated in Standard 1 and financial history and strategies as stated in Standard 3 CBA August 2013 Workshop -- 18 Research: Academic Impact • • • • • • Publications in highly recognized, leading peer-review journals Citation counts Download counts for electronic journals Editorships, associate editorships, editorial board memberships, and/or invitations to act as journal reviewers for recognized, leading peer-review journals Elections or appointments to leadership positions in academic and/or professional associations and societies Recognitions for research (e.g., Best Paper Award), Fellow Status in an academic society, and other recognition by professional and/or academic societies for intellectual contribution outcomes CBA August 2013 Workshop -- 19 Research: Academic Impact • Invitations to participate in research conferences, scholarly programs, and/or international, national, or regional research forums • Inclusion of academic work in the syllabi of other professors' courses • Use of academic work in doctoral seminars • Competitive grants awarded by major national and international agencies (e.g., NSF and NIH) or third-party funding for research projects • Patents awarded • Appointments as visiting professors or scholars in other schools or a set of schools CBA August 2013 Workshop -- 20 Teaching: Instructional Impact • Grants for research that influence teaching/pedagogical practices, materials, etc. • Case studies of research leading to the adoption of new teaching/learning practices • Textbooks, teaching manuals, etc., that are widely adopted (by number of editions, number of downloads, number of views, use in teaching, sales volume, etc.) • Publications that focus on research methods & teaching • Research-based learning projects with companies, institutions, and/or non-profit organizations • Instructional software (# programs developed, users, etc.) • Case study development (# studies developed, users, etc.) CBA August 2013 Workshop -- 21 Teaching: Educational Impact (B/M) • • • • • • • Mentorship of student research (# student papers produced under faculty supervision that lead to publication/presentation at acad./prof. conferences Documented improvements in learning outcomes that result from teaching innovations that incorporate research methods from pedagogical research projects Hiring/placement of students Career success of graduates beyond initial placement Placement of students in research-based grad. programs Direct input from organizations that hire graduates regarding graduates' preparedness for jobs Movement of graduates into positions of leadership in forprofit, non-profit, and professional and service organizations CBA August 2013 Workshop -- 22 Teaching: Educational Impact (D) • • • • • • • Hiring/placement of doctoral students, junior faculty, and post-doctoral research assistants Publications of doctoral students and graduates Invited conference attendance, as well as awards/nominations for doctoral students/graduates Research fellowships awarded to doc. students/graduates Funding for students related to doctoral research Case studies that document results of doctoral research training activities, such as the transfer of knowledge to industry and impact on corporate or community practices Research outputs of junior faculty members that have been influenced by their mentors/supervisors CBA August 2013 Workshop -- 23 Service: Student Community • Employment opportunities, graduate school admissions/scholarship outcomes • Student awards, presentations, board meetings, conferences, competitions • Internships, co-/extra-curricular projects, publications, capstone projects, study abroad • Contracted hours or projects, research assistants, student workers • Students, faculty, and staff involved in discipline, organization, and project activities • Course enrollments, concentration headcounts, programs/activities • Tuition from regular/alternative educational sources CBA August 2013 Workshop -- 24 Service: Business Community • Attendance of external constituents at disciplines’ Boards and other meetings • Individual, company, or institutional involvement in discipline educational activities • Management of and participation in business associations, task forces, and the like • Partnerships, joint ventures, and affiliations • Direct reputational measures, such as surveys or focus groups • Grants, contract research awards • Seminar, workshop, development, training revenue • Donations, gifts-in-kind, financial support of all kinds CBA August 2013 Workshop -- 25 Service: Public Community • Books, articles, and interviews in the popular press and other media • Readership in traditional/electronic/social media • Awards and other public recognition of service • Public attendance for discipline speakers, presentations, events, speaking engagements • Organization and involvement on church/community boards, task forces, etc. • Pro bono service projects and activities • Direct reputational measures, such as surveys or focus groups • Economic development impact of activities CBA August 2013 Workshop -- 26 Service: Academic Community • Academic/professional journal management and operation • Management of and participation in academic associations, accreditation, other groups • Awards & keynote addresses • Conference development & organization • Scholarly publications, books, and presentations • Partnerships, joint ventures, and affiliations CBA August 2013 Workshop -- 27 Encouraging Impact • Incorporate Impact in Performance Standards – AACSB Faculty Qualification Standards • Academic Engagement • Practice Engagement – Standards for Promotion and Tenure • School-Wide • Departmental Encouraging Impact • Incorporate Impact in Performance Standards (continued) – Annual Performance Reporting Standards • Teaching • Research • Service • Incorporate Impact in Reward Systems – Faculty/Staff – Student Encouraging Impact • Prioritize Impactful Activities in the Curriculum Management Process – Curriculum Requirements – New Course Approvals – Examples: • Faculty-student research projects • In-class consulting projects • Case development Collecting Impact Data • Faculty Reporting – Initial collection is challenging – An iterative process is helpful – Matrix/Table • Stakeholder Surveys • University Partners – Career Center – Alumni Relations Impact • Thanks for your participation in this session on “Impact and the 2013 AACSB Standards” • Continue to have an substantial impact on management education!