BSIS: The key tool for measuring a business school’s impact on the world around it.
The Business School Impact Survey (BSIS) scheme is designed to determine the extent of a school’s impact upon its local environment – the city or region in which it is located. The scheme was initially designed by FNEGE (the French National Foundation for Management Education) and is already well established in the French higher education arena.
The BSIS process has been adapted for an international audience and is now offered in a joint venture between EFMD and FNEGE as a service to EFMD members in any part of the world. The assessment criteria and the process for measuring a school’s impact are currently being tested with three pilot institutions from three different countries.
This new service will be formally launched during the upcoming Deans and Directors Meeting in Gothenburg at the end of January 2014.
The scope of the BSIS scheme
The BSIS scheme identifies the tangible and intangible benefits that a business school brings to its local environment.
For example, a school spends money in its impact zone; it provides jobs and pays salaries that are partially spent in the zone; and it attracts faculty and students from outside the zone whose expenditures contribute to the local economy.
Beyond this measurable financial impact, a school contributes to the life of the community in numerous ways. Its faculty generate new business creation through entrepreneurial projects and support local business needs through professional training. Its students are a source of dynamism in the life of the region and are a valuable talent resource when they graduate.
A business school also provides an important intellectual forum for the introduction of new ideas in a wide variety of social, cultural and political areas of concern within a region. Last but not least, it contributes to the image of the city or region.
The benefits of BSIS
At a time when all organisations, public or private, are being held accountable for their activities, there is a need to demonstrate the impact that they are having on their immediate environment. This is particularly the case when they are financed or politically supported by local stakeholders.
In pursuit of this objective, the BSIS system intervenes at two levels.
For the full article, please read the PDF or listen to the Podcast to find out more about the difficult task of extracting relevant data and the external analysis.
For the full article, you can view the PDF or listen to the podcast.