For years, business faculty have voiced concerns about the implications of mission-based accreditation through the Association to Advance Collegiate Schools of Business (AACSB). In the "good old days" before mission-based accreditation, a school would be accredited by the AACSB if its faculty were academically qualified (i.e., had proper degrees and were publishing) and if its administrators could document adequate levels of support for programs. As noted by McKenna, Cotton, and Van Auken (1997), programmes were evaluated in such areas as faculty preparation, publication and research performance, student admission standards, curriculum and resource availability. Only when a programme under review was found to meet the AACSB standards was it awarded accreditation. (p. 491)
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