We are proud to announce that the Xi’an Jiaotong-Liverpool University International Business School Suzhou (IBSS) has successfully gone through the process of completing the Business School Impact System (BSIS).

IBSS, founded in 2013, is the business school of Xi’an Jiaotong-Liverpool University, in Suzhou, China. In September 2020, given the restrictions of the ongoing COVID-19 crisis, IBSS accomplished its BSIS assessment online.

IBSS is situated in the internationally diverse and rapidly developing Suzhou Industrial Park, home to over 150 of the Fortune 500 companies, and 144 investment projects. These are part of a total of 4,400 foreign investment projects in the area worth €28.9 billion. IBSS maintains strong links with the local business community, also providing several popular platforms for discourse and lifelong learning among local businesses. The BSIS experts encouraged IBSS to continue along this path and further strengthen and diversify its corporate connections.

Michel Kalika, the BSIS Director, commented: ‘The school’s impact within BSIS metrics extends far beyond its locality, including Suzhou and Yangtze River Delta region. That is why the graduates are well equipped by the school’s programmes to be competitive within China’s other developed and internationalised regions. The established business connections, both with respect to local professional institutions and corporate partners, range throughout the region, with the majority of partners based in Shanghai. The school bridges the East and the West where graduates are able to have a global mindset while working in a very local environment.’

Jorg Bley, Dean, IBSS, added: ‘While a relatively young institution, IBSS has seen tremendous growth over its 7-year history. Going through the BSIS process has revealed the positive impact this growth has had on all of the business school’s stakeholders in the region. More importantly, both the process itself and the recommendations provided by BSIS have informed our evaluation of where the business school should invest in for future growth and the development of a unique offering and branding strategy. IBSS’s role as a leader in education for sustainable development in China, both in scholarship and practice, was highlighted as particularly important to this unique offering.’

IBSS became a PRME Signatory in 2013, an Advanced Signatory in 2019, and is aiming to achieve PRME Champion status within the next three years. In addition to its ongoing carbon neutral initiative and efforts to increase the focus on Ethics, Responsibility and Sustainability (ERS) within the business school’s curriculum, the BSIS experts encouraged the further development of IBSS’s portfolio of student-led projects in ERS and entrepreneurship.

Eddy Fang, Deputy Dean, IBSS, said: ‘We are certain that the insights and recommendations gained through the BSIS assessment will enable IBSS to complete its transition from a growth- and action-oriented business school to one that is fully impact-driven. It also provides guidance on how to more effectively communicate both IBSS’s role in our local ecosystem, and our distinctiveness from other institutions. In a time when higher education worldwide is in crisis. This level of impact orientation is crucial.’

Alexander Mackrell, Accreditation Manager, IBSS, said about the process: ‘BSIS were extremely supportive throughout the assessment process, and the result was a truly customised set of insights and recommendations. The BSIS label is also highly regarded among the many international accreditation bodies, with the BSIS impact report proving invaluable during our most recent accreditation visit.’

About BSIS

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 53 schools across 17 countries that received the BSIS label. To learn more about the impact assessment system, please visit the BSIS website or contact bsis@efmdglobal.org.