“…To date, AACSB has granted accreditation to 152 institutions in 39 countries outside the USA (www.aacsb.net) with the first non-North American accreditation granted in 1995 to ESSEC Business School, France (White, Miles and Lavernier, 2009). AACSB's approach to accreditation is to focus on the assessment of learning outcomes as defined by each institution (Tullis and Camey, 2007) where institutions are typically required to have a prescribed curriculum exposing students to a wide array of business topics (McKee, Mills and Weatherbee, 2005;White, Miles and Lavernier, 2009). AACSB has grown into a global organization that is attempting to create a comprehensive set of accreditation standards that can be applied to B-schools located in virtually any country (White, Miles and Lavernier, 2009).…”