The Research Council of Lithuania (RCL) awarded the project "Membership in the AACSB (Association to Advance Collegiate Schools of Business) Network" (contract No. 10-039-P-0001-68) of the Faculty of Business Management of VILNIUS TECH to finance the participation activities in the AACSB association. The project is financed by the Economic Recovery and Resilience Improvement Measure under the plan "New Generation Lithuania" and by the state budget of the Republic of Lithuania. The project implementation period is from January 1, 2025, to March 1, 2026.

What is AACSB?

AACSB International is a global association of leaders in education and business dedicated to supporting and advancing quality business education worldwide. Through membership, accreditation, research, thought leadership, professional development, and advocacy, AACSB partners with over 1,900 organisations from more than 100 countries globally. Members of the Business Education Alliance have exclusive access to benefits ranging from global networking communities to industry-changing research and insights. AACSB membership allows building strong relationships, sharing best practices, learn and growing professionally.

Benefits of membership for the Faculty of Business Management

The Faculty of Business Management of VILNIUS TECH has been a member of the AACSB Business Education Alliance (https://www.aacsb.edu/) since 2023. AACSB provides access to a wide network of knowledge and best practices, which includes various trainings, seminars, and conferences. All of the above activities cover various areas, such as innovation, application of new technologies in business, new management trends, and many others. Membership in AACSB also opens up broader opportunities to participate in international scientific research and collaborate with other higher education institutions. It is also important that AACSB membership strengthens the organisation's reputation and helps to ensure trust in the international arena. Closer relationships with AACSB members, accredited organisations and greater visibility of the Faculty of Business Management could lead to one more result - a rise in the QS rankings.

Benefits of participating in Horizon Europe

AACSB membership provides high international recognition and helps to establish collaborations with well-regarded, prestigious institutions around the world. Most Horizon Europe calls require the formation of consortia with partners from different countries and sectors, and AACSB membership makes it easier to find such partners. When preparing applications with AACSB network members, their knowledge and experience will help strengthen the scientific reasoning, innovativeness and internationality of the projects. This would allow for the preparation of competitive applications that meet the highest standards of science and project management. In addition, AACSB membership promotes innovation and sustainability, which are priorities of the Horizon Europe program.