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Sergei Myasoyedov’s interview for AACSB blog

15 October2019
Sergei Myasoyedov’s interview for AACSB blog

RANEPA Vice-Rector, Director of the Institute of Business Studies (IBS), member of the Board of Directors of AACSB in 2019-2020 Sergei Myasoyedov spoke about leadership and globalization – key values for a business school.

The AACSB Blog reports on business schools around the world that have recently received AACSB accreditation. Business school leaders share their path to accreditation and what this new achievement means to them.

In April 2019, RANEPA Institute of Business Studies (IBS Moscow) became the first Russian business school to receive AACSB accreditation. RANEPA Vice-Rector, dean and founder of the business school Sergei Myasoyedov talks about the reasons his school successfully passed accreditation, about the experience he and his team gained in the process, and the impact he expects to see later.

- Why was it important for your business school to go through this difficult process of obtaining AACSB accreditation?

- There were several important reasons for making this landmark decision to go through the AACSB accreditation process. First, it is the most rigorous and objective business school accreditation in the world. Second, the IBS Moscow team had always wanted to develop a world-class business school in Russia. AACSB accreditation was a confirmation of this, allowing our team to say with enthusiasm, “We did it! IBS is a world-class Russian business school.”

Thirdly, AACSB’s mission-oriented and innovation-oriented strategic accreditation standards have helped us update our portfolio of programs and improve their quality, develop and modernize the program management process, and focus our research on missions and strategic goals.

Fourth, the IBS team is confident that AACSB accreditation will help us establish new synergies and partnerships with business schools in other countries. It is a fundamentally important aspect of the global business environment. Finally, driven by the leadership value, IBS has always wanted to become the first business school in Russia to receive AACSB accreditation. This achievement will remain with us forever!

- What have you learned about your school during the accreditation process?

- Summing up the many small and big discoveries that we made during the five-year accreditation period, I would specifically mention the following. In many respects, RANEPA IBS is a high-quality and competitive business school that knows how to create value for Russian and foreign students.

IBS should continue to focus on improving the quality of educational services, as well as study the experience of other leading international business schools. The AACSB Accreditation Commission and peer review teams are rigorous evaluators and do not compromise on quality. At the same time, they are very friendly and always ready to help in the accreditation process. AACSB Accreditation is something that helps us achieve our goals.

-  What were the most difficult and useful aspects of the accreditation process?

- The biggest difficulty for us was understanding the system for evaluating the quality of training, and introducing it for self-evaluation at IBS. When we learned how to use the methods and understood the value of this system, we began to think about how to implement it not only in our business school, but also at the Academy level.

- What impact do you expect to see from AACSB accreditation?

- IBS is entitled to hold a leading position in the Russian business education market. A positive impact on the national business education development is a very important part of our strategy and mission. Many business schools compare themselves with IBS and monitor our development and growth. After IBS obtained the AACSB accreditation, we noted that other leading business schools in Russia have taken our lead and also started the AACSB accreditation process.

Since I recently became President of the Russian Association of Business Education (RABE), a similar organization of more than 100 business schools in Russia and the CIS, the accreditation process showed me the possibilities where the two associations could work together to create synergies and improve the quality of business education and implement of the UN responsible management education principles. AACSB accreditation creates additional opportunities for international cooperation between the IBS and RABE.

- What advice would you give to other schools starting the accreditation process?

- Do not be afraid, do not wait years, do not put off the decision to apply. It may take five, six, or even seven years to realize the great value of AACSB accreditation for your business school. But it's worth it.

Based on the accreditation results, you will receive a detailed analysis of the strengths and weaknesses of your business school, as well as a clear strategic vision of the future. During the accreditation period, you will be mentored and advised by the world’s best business education specialists. You will receive not only a leading accreditation, but also many new friends and new opportunities for future networking, not to mention the fantastic sense of inspiration because your business school has become better, more competitive and stronger in general.

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