Added value: six ways that continuing your BSIS journey adds value

BSIS added value

How are you planning to continue to demonstrate the impact of your business school once your Business School Impact System (BSIS) label expires?

What would be the added value of renewing the label?

How could the renewal process support your strategic and operational activities?

And how could BSIS continue to work for you into the future?

Business School Impact System (BSIS) has come a long way since its launch in 2012 with 59 schools in 17 countries successfully gaining the BSIS label since then. 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.

Here are six ways that renewing the BSIS label can add value to the school’s activities:

  1. By enhancing your school’s distinctiveness- business schools often position themselves and differentiate their offer through their impact assessment narrative and their impact culture. The currency and relevance of this narrative are assured through the reassessment process, including the visit and report by external experts.
  2. By capitalising on your deferred impact- the impact narrative that began with your BSIS assessment three years ago has continued to develop and deliver benefits across your school’s impact zone. Renewal of the label is key to realising the benefits of this deferred impact.
  3. By supporting your accreditation journey – 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 on a continuous basis.
  4. By opening up new conversations with your key stakeholders. 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 the renewal process is an opportunity to demonstrate and explore this.
  5. By providing you with a unique impact narrative your BSIS impact journey is unique to you, with multiple narratives and sometimes unanticipated outcomes. This compelling story can engage all your stakeholders, from current and prospective students, to alumni, the local community and the media.
  6. By engaging you in a valuable global network as part of the BSIS community– remaining BSIS recognised means remaining a member of a global business community that opens doors and conversations for you with thought leaders, entrepreneurs and professionals from across the globe.

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

Find out more information in Debra’s recent article, “Assessing the impact of research in business schools: seven good reasons to work with BSIS to build the full picture“.