Corvinus Business School at the Corvinus University of Budapest was re-assessed by EFMD Global Network’s Business School Impact System and received the BSIS label for demonstrating with well-documented evidence the impact that the school has on its local environment.

“A business school leaves its imprint on its environment come what may. However, the great difference lies in the fact how conscious its faculty is about this impact. BSIS is a process that helped us become fully aware of our impact and in the end, this unquestionably leads us to further improve ourselves in making this influence as constructive as possible,” commented Zita Zoltay Paprika, the Dean of the Corvinus Business School.

Michel Kalika, who, together with Gordon Shenton, is one of the two co-directors of BSIS, said: “The Corvinus Business School has an outstanding national positioning as Hungary’s leading institution in the field of economics and business. Through the BSIS re-assessment, Corvinus has demonstrated remarkable progress, having increased its financial impact by 36 per cent since the previous review in 2014. Thanks to its strong presence in major international networks like CEMS and EFMD, the school plays a leading role in internationalisation of higher education in Hungary and the wider Central and Eastern Europe region.”

“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.

To learn more about BSIS, please visit the BSIS website or contact bsis@efmdglobal.org.