Congratulations to Rotterdam School of Management, Erasmus University (RSM), for completing the rigorous BSIS impact assessment process and proving their significant impact within their region.
RSM is part of a public Dutch university, located in Rotterdam, the Netherlands. It has firmly established its reputation of almost 50 years as one of Europe’s most international and innovative business schools. RSM also works closely with the Erasmus University and collaborates on several initiatives.
With a long tradition of integrating social & societal impact within RSM, the institution launched its mission to be a ‘force for positive change in the world’ aligned with the UN SDGs in 2017. RSM strives to contribute to the global transition towards responsible business education.
In terms of educational impact, RSM’s Master and MBA students enjoy a high employability rate of almost 100% regionally, nationally, and internationally in the past year. RSM creates a significant educational impact thanks to a good professional integration of students and a high attraction rate.
In relation to business development impact and business creation, the institution co-founded the Erasmus Centre for Entrepreneurship (ECE) led by professors and academic trainers on entrepreneurship. The results of the Centre’s activities are significant: in 2019, 63 start-ups were facilitated in the Rotterdam region, and nine start-ups were created in the Randstad region, contributing to an opening of a large number of jobs.
RSM maintains fruitful partnerships with local professional institutions and public authorities and collaborates extensively with Erasmus University on a number of initiatives.
Ansgar Richter, Dean, Rotterdam School of Management, commented on their impact assessment journey: ‘The BSIS process and outcome was instrumental in developing in-depth knowledge about our regional impact. It delivered us some key insights that we will use in our strategic planning.’
Michel Kalika, Director, BSIS, congratulated RSM by saying: “We are delighted for RSM to have joined the pool of BSIS labelled schools. Impact is embedded at the core of the school’s mission towards ‘positive change’ and RSM strives to move from the traditional research model to an impact positioning.
We are positive that RSM will be able to leverage the BSIS process and the label for greater international recognition, for their stakeholders and broad societal impact.”
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 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 51 schools across 17 countries that received the BSIS label.
Do you wonder 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.