Abstract
In the current educational landscape, international accreditations are becoming an increasingly important tool of external evaluation of quality. Academia has ambivalent views on the role of international accreditations and points out the perils of bureaucratization and substitution of quality of outcomes with the quality of reporting. However, preparation for international accreditations stimulates self-reflection of faculty members with respect to their activities, definition development areas and problem-solving. The article discusses the potential of international accreditations in terms of engagement management in business schools and universities. The authors consider faculty engagement as a major development concept reflected in the missions of modern universities and requirements of international accreditations. The article presents comparative analysis of standards, criteria and processes of international accreditations in business education: AACSB, ЕFMD и AMBA and makes a linkage to international accreditations and the development of faculty engagement. The case of HSE St Petersburg School of Economics and Management is provided as an example of managing faculty engagement in the context of international accreditations.
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