Regardless of initial ranking, employees gain the ability to compare self-reflection with outside perception to connect the dots and continuously rise to new levels of stardom.

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Schools gain and maintain accreditation via a peer review system, and though some deans find the required self-reflection to be useful, others say the time and resources spent on paperwork and preparing for campus visits aren't worth it.

WSJ: B-School Accrediting Body Retools Its Standards