STANDARD 2: PHYSICAL, VIRTUAL, AND FINANCIAL RESOURCES
The school manages its (2.1) physical, (2.2) virtual, and (2.3) financial resources to sustain the school on an ongoing basis and to promote a high-quality environment that fosters success of all participants in support of the school's mission, strategies, and expected outcomes.

Definitions
• Physical resources include buildings, furniture and fixtures, technology labs, collaboration space, libraries (including virtual), and any other physical infrastructure directly used by the school.
• Virtual resources include technology infrastructure needed to support all instructional delivery modes and for faculty to conduct research and other scholarship consistent with the school's mission.
• Financial resources include adequate funding from all sources derived to operate the school on a quality basis and achieve its strategic initiatives, goals, and expected outcomes.

Basis for Judgment
2.1 Physical Resources
• The school has learning spaces and environments that facilitate the achievement of its educational mission. The school maintains a plan for updating space as appropriate over time.
2.2 Virtual Resources
• The school provides infrastructure to support its instructional activities for all modalities.
• Faculty have access to sufficient current and emerging technologies for both teaching and research purposes consistent with their mission, strategies, and expected outcomes. Such access may be realized through partnerships with other schools or other third parties.
• Professional staff are provided adequate training and technology infrastructure for advising, career placement, and other mission-specific activities.
2.3 Financial Resources
• The school's strategic plan identifies realistic financial strategies to provide, sustain, and continuously improve all aspects of quality business education consistent with the school's mission.
• The school should maintain a risk assessment specific to the school's financial situation and describe the contingency planning process to mitigate the identified risks.
• The school identifies realistic sources of financial resources for current and planned activities. The school has carefully analyzed the costs and potential resources for initiatives associated with its mission and action items.
• The school has a financial plan for management of faculty and professional staff resources, including recruiting, retaining, and developing appropriately qualified faculty and professional staff. The financial plan also addresses necessary resources to sustain high-quality outcomes for student support resources.

Suggested Documentation
2.1 Physical Resources
• Describe the space plan for classroom instruction, improvements that have been made to spaces and environments, and plans for future space enhancements and innovations.
2.2 Virtual Resources
• Describe the technology infrastructure the school maintains to support all mission-centric activities of the school for all modalities of instructional delivery, including technology used in both face-to-face delivery and digital learning.
• Describe the current and emerging technologies to which faculty have access in order to fulfill their teaching and research responsibilities.
• Describe the training for professional staff to learn and implement new technologies to support learner success.
2.3 Financial Resources
• Provide a summary of recent financial performance and discuss the financial outlook for the next accreditation cycle. Highlight successes the school has had with obtaining funding, including grants, private funds, or alternative revenue streams that have been generated through innovative activities and partnerships, or other similar successes that enhance the financial vitality of the school. Also describe challenges that are expected to arise in the nextaccreditation cycle and include strategies for mitigating such challenges. As a complement to the strategic planning overall risk assessment described in Standard 1, provide a risk assessment specific to the school's financial resources and describe the contingency planning process the school will use if a significant reduction in resources occurs.
• Describe the major resource commitments or development projects that have been undertaken and completed since the last accreditation review.
• Complete Table 2-1 to describe the school's major planned strategic initiatives consistent with its mission and the expected source of funds for those plans.
• Document the school's financial management plan for recruiting, retaining, and developing appropriately qualified faculty and professional staff. Include documentation describing hiring practices, development, and evaluation systems for faculty that support diversity and inclusion considerations and ensure high-quality outcomes relative to mission and strategies.
• Document the financial plan to sustain high-quality outcomes for student support resources.