Multiple entities can set educational standards in business leadership, including:
1. Accrediting Bodies: Organizations like AACSB (Association to Advance Collegiate Schools of Business) and EFMD (European Foundation for Management Development) set rigorous standards for business schools. 2. Professional Organizations: Groups such as the American Management Association (AMA) and the Chartered Management Institute (CMI) provide standards and certifications for leadership competencies. 3. Educational Institutions: Universities and business schools often develop their own standards in line with accreditation requirements and industry demands.