Even more impact: seven good reasons to continue your BSIS journey

Impact 7 reasons for BSIS
  • How are you planning to continue to demonstrate the impact of your business school once your BSIS label expires?
  • Are you planning to continue your BSIS journey, taking it to the next level?
  • What benefits would there be in reassessment?
  • And how will BSIS work for you into the future?
Business School Impact System (BSIS) has come a long way since its launch in 2012. Initially developed to help schools communicate their positive impact on their local environment, over the years BSIS has increasingly been positioned as a continuous improvement tool. BSIS helps schools to identify key strengths and opportunities for development in line with their historical identity and provides schools with a strategic developmental direction.
There are many reasons why BSIS should continue to feature in your future plans, but here are seven  to begin with:

1. Look at the data

The BSIS  survey of business school impact during the COVID-19 pandemic found that 79% were confident that they had managed to sustain or increase their impact during the pandemic, with 66% of schools believing that it is increasingly important to demonstrate their impact on the world around them. There is therefore compelling evidence of an impact story to tell.

2. Be part of the BSIS community

Remaining BSIS recognised means remaining a member of a global business community that opens doors and conversations for you and your students with other business schools, thought leaders, entrepreneurs and professionals from across the globe.

3. Revisit your stakeholder story

BSIS demonstrates the tangible and intangible benefits your school continues to bring to the region. Your stakeholder map is likely to have shifted post-pandemic and reassessment is an opportunity to demonstrate and explore this.

4. Make BSIS part of your accreditation story

Whether you are a triple-accredited school, a school in the process of becoming accredited or one that has yet to start your accreditation journey, external quality accreditations such as EQUIS, AMBA and AACSB increasingly require evidence of impact measurement. BSIS provides a systematic route to measuring and delivering this evidence.

5. Explore the full story

Your impact narrative that began with your BSIS assessment three years ago has continued to develop and deliver benefits across your school’s impact zone; reassessment is the key to realising the benefits of this deferred impact.

6. Be distinctive

Many schools position themselves and differentiate their offer through their impact narrative and the evolution of an impact culture. The currency and relevance of this narrative is assured through the reassessment process, including the visit and report by external experts.

7. Communicate your story

Your BSIS impact journey is unique to you, with multiple narratives and often some unexpected outcomes. This gives you a compelling story for all your stakeholders, including prospective students, the local community and the media.

We look forward to sharing the next step of your BSIS journey with you. If you would like to discuss your reassessment plans, please contact Debra Leighton at debra.leighton@efmdglobal.org or for more details please visit the BSIS website or contact bsis@efmdglobal.org.