The Shri Dharmasthala Manjunatheshwara Institute for Management Development (SDMIMD), India, went through the Business School Impact Assessment, also known as the BSIS.
In the 25 years since its inception, SDMIMD has made tremendous progress in establishing itself as a business school that attracts talented students from within and outside the region. There is a great emphasis on ethics, values, and responsibility in the pedagogy that has given the school the distinction of a business school with a difference. This indicates the school’s ambition to deliver high-quality programmes, aligned with globally recognised standards and at the same time instill Indian values and ethos into its curriculum.
Michel Kalika, the BSIS Director, congratulated the school by saying: “We are delighted for the SDMIMD to decide to go through the impact assessment system and get involved in the strategic discussions about the school’s overall positioning.
We would like to praise their developed societal agenda, which is becoming a more and more urgent issue for many institutions as the external pressure mounts. SDMIMD continues to plant the social spirit in its students and ensure a high quality of management studies.
We hope that SDMIMD will leverage the outcomes of the assessment process for greater international recognition, the school’s staff and faculty as well as students, their stakeholders and broad societal impact.”
The educational impact of SDMIMD is notable in terms of retention in the region and good attraction for national students. The student placement rate is high, and the school has a good impact on the local firms through executive education.
In terms of intellectual impact, SDMIMD set up an institutional support system to encourage research publications by faculty in the form of journals, articles, cases, and books. The link between research and teaching is significant, and there is a substantial level of networking with local bodies to undertake regional issues for research.
The impact of SDMIMD on the regional ecosystem is essential because of its secure connections with companies and industry associations, a good relationship with social reform organisations, NGOs and local civic bodies.
N.R.Parasuraman, Director, SDM Institute for Management Development, commented: “Ever since the BSIS process was initiated at our school, there has been a change in the way we look at our activities and operations. We have come to understand that the word “impact” has more significance than the literal meaning and that it is a total process with a clear “cause and effect” relationship. It is nice to have the BSIS team acknowledge several of the good “impact” measures that we already have in place, but we are more grateful for the wonderful suggestions for improvement.”
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. The impact of the Business School is analysed on the basis of the following seven areas of impact: financial, educational, business development impact as well as intellectual, societal, image and impact within the regional ecosystem.
There are currently 46 schools across 15 countries that received the BSIS label.
Are you wondering how the impact system reflects the societal and economic changes and responds to them? What kind of impact does it have on the business schools who decide to go through the system? Learn more in the latest article “BSIS: A Journey of Self-Discovery” written by the co-founders of BSIS.