We are pleased to announce that WHU – Otto Beisheim School of Management has completed the Business School Impact System (BSIS) assessment process and received the BSIS label. Warm congratulations to the school!
Michel Kalika, Founder & former Director of BSIS, and François Bonvalet, Director of BSIS, commented, ‘We are very pleased to welcome our first BSIS labelled school in Germany. WHU has a significant presence as a “Lighthouse of the region” in the economic and social system of Vallendar. We were impressed by the large number of student-led initiatives having a societal impact and the fact that 100% of students study courses in the field of CSR. We look forward to seeing the school’s reach and impact continue to grow.’
WHU – Otto Beisheim School of Management
WHU was founded in 1984 at the initiative of the Chamber of Commerce and Industry in Koblenz. It is a research-based institution with an entrepreneurial spirit and huge entrepreneurial impact that is geographically varied. The school has a significant 147 million € impact on Germany as a whole and a strong alumni network that extends the school’s reach nationally and internationally. WHU is undeniably a high-impact school in its different impact zones.
The school had the following to say about its BSIS label:
‘WHU aims to have thought-leading impact on various target groups, and our culture is characterised by a courageous spirit, a high dedication to excellence and innovation, an intrinsic commitment to the betterment of society, and a strong sense of community. Founded in part by the Chamber of Commerce and Industry in Koblenz in 1984, WHU has always had strong local and regional roots. Rankings, accreditations and other metrics clearly indicate that WHU does create impact, however, before participating in BSIS we lacked a way of obtaining a systematic assessment of our impact and raising awareness of the ways WHU contributes to various areas of society.
The first benefit we observed during the BSIS process was the introduction of novel data collection ideas to help us better measure our impact, particularly in converting anecdotal knowledge into quantitative data. Partaking in BSIS also reiterated how important making an impact is in general, and renewed appreciation for our existing activities. The BSIS experts’ recent on-site visit provided us with valuable external input concerning impact-related areas and we thoroughly enjoyed the intensive peer-to-peer exchanges. Now that we have received the expert’s final report, we can work on incorporating its findings into our continued efforts to create and highlight our impact. We look forward to continue learning from and sharing our ideas with the BSIS community!‘
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 based on 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 59 schools across 19 countries that have received the BSIS label.
Do you wonder how the impact system reflects the societal and economic changes and responds to them? What impact does it have on the business schools that decide to go through the system? Learn more in the article “BSIS: A Journey of Self-Discovery” written by the co-founders of BSIS and “Even more impact: seven good reasons to continue your BSIS journey” by BSIS Senior Advisor Debra Leighton.