“It’s time for business schools to take a much more active role in the business arena,” says Timothy Mescon, senior vice president and chief officer for Europe, Middle East and Africa at the Association to Advance Collegiate Schools of Business (AACSB International).
The association is more than 100 years old. Today it has over 1,600 member schools – around 10 per cent of the world’s business schools, says Mr Mescon, who spoke at the Innovation Arabia conference in Dubai last month.
Some 786 are accredited by the AACSB, five of which are in the UAE – Abu Dhabi University, American University of Sharjah, United Arab Emirates University, University of Dubai and Zayed University.
“The sands are shifting dramatically,” he says, “and the role of business schools today is to interface between the world of theories in universities and the world of practice outside.”