EFMD Quality Improvement System
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The EFMD Quality Improvement System (EQUIS) is a business school accreditation managed by Brussels based EFMD. It provides accreditation for higher education institutions of management and business administration and is run by the European Foundation for Management Development.<ref>Template:Cite journal</ref> It is considered as one of the triple accreditation.
EQUIS has accredited 210 institutions in 45 countries around the world.<ref name="members">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> In 2022, Equis suspended all higher education institutions in Russia from its ranking.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
HistoryEdit
EQUIS' directors in 2018 were Ulrich Hommel and David Asch.<ref>Template:Cite journal</ref> As of 2022, the EQUIS director is Alfons Sauquet.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> In the past 20 years of existence, the organization has accredited 189 institutions in 45 countries.<ref name=members/>
Object of the accreditationEdit
The accreditation is awarded to business schools based on general quality. The process also takes into account the business school's level of internationalization, which is not a strict requirement for accreditation by the other two major international accreditation bodies: AACSB and AMBA.<ref>Template:Cite journal</ref> As of 2014, all fully accredited EQUIS business schools applying for AACSB accreditation have succeeded, which has not been the case the other way.<ref>Template:Cite journal</ref>
EQUIS accreditation can be granted for three years (with annual progress reports on the areas of improvement required) or for five years (with a mid-term progress report on development objectives required).<ref>Template:Cite journalTemplate:Dead link</ref>
See alsoEdit
- Association of MBAs (AMBA)
- Association to Advance Collegiate Schools of Business (AACSB)
- List of EQUIS accredited institutions
- Triple accreditation