An EFMD member school. BSIS can be used to assess the Business School, multiple faculties within a university or the whole university.

There are 3 main stages in the BSIS process:

• Stage 1 – Application: definition of the impact zone and of the scope of the business school; submission of documents.
• Stage 2 – Data collection: preparation of documentation needed before the on-site visit with the help of the BSIS team.
• Stage 3 – On-site visit: a team of BSIS experts interviews a carefully selected group of key players within the School and a range of external stakeholders, after which a post-visit report by the experts is produced.

It differs from school to school depending on the time needed to acquire all the relevant data, generally the entire process can take up to 6 months.

The school defines the impact zone that will be assessed depending on the political and administrative organisation of the country or on the particular circumstances of the school. This may be the city, region, Land, Canton, a province or a specific economic area. The impact zone is also specified in consideration of the main stakeholders the school wants to convince.

The total fee for BSIS is EUR 24.000. EUR 12.000 is payable at the time of application, and the balance is paid upon the completion of the process.

For BSIS renewal, the total fee is EUR 15.000. EUR 7.500 is payable at the time of application, and the balance is paid upon the completion of the process.

The data required is of two kinds:

• quantifiable data relating to measurable impact indicators (such as the number of jobs created in the impact zone or the money spent by out-of-zone students on board and lodging);
• qualitative data that can only be measured through judgement, corroborated with factual evidence (such as the School’s contribution to the image of the city or region).

The BSIS team has an online data collection system to facilitate a simpler, streamlined and more efficient data collection process. Once the application process has been completed, you will be given access to the system to begin the input of your data.

The data provided in the pre-visit report should be the most recent data, generally within the period of a year. It is up to you to specify for each data provided, the period it relates to.

Generally, we do not specify a maximum length for the pre-visit report, however for the sake of brevity and to keep it succinct, we advise that you upload only relevant information specific to the information provided within the report. For all other supporting information such as survey results, detailed figures and tables, and other finer details, please attach these in the appendices.

The expert report is written in two parts, the first part assesses the impact of the business school while the second part provides recommendations on how to improve impact.

The data collection should be finalized one month before the date of the on-site visit. The BSIS team will produce the pre-visit report directly from the BSIS online data collection system.

The visit schedule should be submitted one month before the date of the on-site visit.

BSIS can be a learning process on how to assess impact and the joint processes can produce synergies that are beneficial to your school.

BSIS can strengthen relationships with stakeholders and serve as a powerful communication and negotiation tool.

Yes. After the school receives the BSIS label for a period of 3 years, they must commit to providing an annual progress report as an on-going engagement to the process. They also have the option to renew the BSIS label after the three-year period.