Int. J. Business Innovation and Research, Vol. 3, No. 2, 2009 151 Copyright © 2009 Inderscience Enterprises Ltd. Strategic value of AACSB International accreditation in start-up overseas American business schools: two case studies Daphne Halkias Hellenic American University, 12 Kaplanon Street, Athens 10680, Greece Fax: +302106529514 Email: daphne_halkias@yahoo.com Garry Clayton University of Massachusetts Dartmouth, 285 Old Westport Road, North Dartmouth, MA 02747-2300, USA Email: gclayton@umassd.edu Marios Katsioloudes Hellenic American University, 12 Kaplanon Street, Athens 10680, Greece Email: mkatsioloudes@hau.gr Geofrey T. Mills Elizabeth City State University, 1704 Weeksville Rd., Elizabeth City, NC 27909, USA Email: gtmills@mail.ecsu.edu Sylva Caracatsanis* Hellenic American University, 12 Kaplanon Street, Athens 10680, Greece Email: sylva_caracatsanis@yahoo.com *Corresponding author Abstract: International business education has reached an unprecedented level of importance and notoriety. There remains much debate about precisely what, how, and increasingly, where international business programmes should be taught, particularly at the MBA level. Association for the Advancement of Collegiate Schools of Business (AACSB) International is a professional accrediting body that accredits business schools throughout the world. Only