29 April 2016 Current Affairs: Indian Institute of Management, Calcutta (IIM-C) has been awarded the EFMD Quality Improvement System (EQUIS) Accreditation by EFMD, the globally recognized international organization for management development, with over 800 members from academia, business, public service and consultancy in 81 countries. The EQUIS Accreditation Board voted to confer EQUIS Accreditation on IIM Calcutta on April 12, 2016.
IIM Calcutta has already been accredited by the Association to Advance Collegiate Schools of Business (AACSB) and the Association of MBA's (AMBA) in 2014. With EQUIS accreditation, IIM Calcutta has become the first Indian business school to achieve the 'Triple Crown' in accreditation, i.e. accredited by all the three major accreditation agencies in the world for management education. Only 5 other business schools in Asia and 73 business schools around the world are currently 'Triple Accredited.
This is a significant achievement for us. Each of the three accrediting agencies insists that accredited schools meet stringent quality requirements in various parameters of management education. A 'Triple Crown' signifies that the Institute meets very high quality standards, be it in the area of institutional strategy, assurance of learning, research impact, or producing competent and ethical managers for the corporates as a few examples. This is where the strength of Triple Crown Accreditation lies
The Association to Advance Collegiate Schools of Business is based in Tampa, Florida in the United States; AMBA, The Association of MBAs, is based in London, United Kingdom; and EFMD which awards EQUIS Accreditation is based in Brussels, Belgium.