Strategic Planning

The Accreditation Council for Business Schools and Programs (ACBSP) uses the strategic planning process to establish a vision and mission and then to create a plan to fulfill that mission. Along this path ACBSP uses the process to formulate strategy, implement the strategy, evaluate progress, and make adjustments. Neither the plan nor the process is static.

Brief History
While there were elements of a strategic plan prior to 2004, the launch of the current strategic planning process began in 2004, with a newly formed taskforce, a relatively new management team, and the consulting services of Steven Worth, Plexus Consulting. The process started by asking attendees of regional meetings held during 2004 to help identify the strengths, weaknesses, opportunities, weaknesses, and potential threats for ACBSP. Once a consensus was reached, the taskforce met in January 2005, to develop the first plan, comprised of a mission and vision document, which was released and distributed to the ACBSP membership. A companion action plan document was provided to members upon request.

In 2006, this taskforce became a standing committee and has met annually to review and update the plan. In 2008, the two separate documents were merged into one planning document. In 2010, the committee, which now had a number of new members, began the process of creating a new planning document, again using the services of Steven Worth, Plexus Consulting. The previous plan was used only as a reference.