A project was conducted to develop and disseminate a set of standards for excellence common to business education programs and to define instructional standards for excellence common to information processing. The following five procedural phases were used over an 18-month period to develop the standards: completion of a comprehensive literature review, preparation of standards statements drawing upon the literature and emerging practice in business and industry, validation of the standards through regional conferences and a mail survey of professional business educators, preparation of the standards in a form for use, and formulation of recommendations for dissemination. Two hundred forty-seven program standards and 188 instructional standards were developed and disseminated through a nationally distributed news release; articles published in state, regional, and national professional periodicals; a brochure describing the project; and site visits to business, industry, and government agencies. (MN)