Porto Business School and School of Economics and Management, both at the University of Porto, Portugal, have jointly gone through EFMD Global Network’s Business School Impact System and received the BSIS label for demonstrating with well-documented evidence the impact that both schools have on their local environment.
“After the 2008 financial crisis, policy makers began seeking greater evidence of learning institutions’ contributions to the public good and different measures of their accountability to multiple stakeholders. Run by EFMD GN and FNEGE, the BSIS methodology is helping business schools assess and measure their impact on the world around them,” commented José Varejão, Dean at the School of Economics and Management and Ramon O’Callaghan, President of the Executive Board & Dean at Porto Business School, University of Porto.
“The BSIS process has been of great value to the University of Porto, its School of Economics and Management and the Business School, as it has offered an opportunity to measure the impact that we produce on the local community and beyond, as well as to reassess the expectations of our main stakeholders regarding our activities,” they added.
“Although many discussions have focused on the assessment and measurement of impact, an interesting question concerns the organisational consequences of “impact thinking.” For us, BSIS has been a powerful instrument not only to raise internal awareness but it has also influenced our management agendas as we try to develop an impact-oriented culture in our respective organisations,” both Deans concluded.
Michel Kalika, who, together with Gordon Shenton, is one of the two co-directors of BSIS, said: “We would like to warmly congratulate Porto Business School and School of Economics and Management at the University of Porto for having undergone the BSIS assessment process and being awarded the BSIS label which is a sign of international appreciation for the schools who consider their impact as vital. It is a wonderful example of two schools working together in the same city, who demonstrate strong synergies and share a common concern for their in impact on Porto, and more globally, on Portugal.”
“Demonstrating the many ways in which business schools add economic and social value to the environment in which they operate has become a challenge. BSIS is an effective tool to help schools identify, measure and communicate all the positive contributions they make to the world around them,” added Gordon Shenton, BSIS co-director.
About the Business School Impact System
The Business School Impact System (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 BSIS process is offered in a joint venture between EFMD Global Network and FNEGE as a service to EFMD members in any part of the world.