Tag: BSIS

POLIMI School of Management’s New Impact Report: data that tells the story of change

Posted on | by Marta Re Ferrè

The POLIMI School of Management presents the new Impact Report developed as part of the BSIS evaluation. An in-depth analysis of the School’s impact on society, the region and companies. Concrete data and measurable results to reinforce a daily commitment to the future.

 

Following the recent launch of the Impact Committee, the POLIMI School of Management of the Politecnico di Milano is pleased to announce the publication of the summary document “POLIMI School of Management Impact Report – BSIS Assessment”.

With the aim of informing stakeholders of the progress made and celebrating the results achieved over the past year, following the completion of the BSIS (Business School Impact System) assessment process, the School presents some key elements of activities that promote a positive impact on society.

The BSIS assessment is a tool promoted by the EFMD (European Foundation for Management Development) – one of the three main accreditation bodies in the world – which analyses the impact of business schools on their geographical areas and on society as a whole. Through this process, the School has had its commitment to making a positive contribution to society certified and measured through academic, research and collaborative activities with local businesses and institutions.

This short document summarises the results of the evaluation by highlighting the School’s contribution to the ecosystem in which it operates, demonstrating the value of the work that takes place within the institution on a daily basis, and specifically examining its impact according to seven spheres of influence.

Below is an overview of the key findings of the report, with data up to 2022:

Financial Impact:

  • Total Financial Impact: €105 million in direct and indirect costs.
  • Revenue Growth: 92% increase from 2015 to 2022.
  • Main Income Sources: Research funds (36%), postgraduate tuition fees (26%), Executive Education (16%).
  • Digitalisation Investment: Improved efficiency and staff skills.

Educational Impact:

  • Alumni: 13,700 working locally, also contributing to industrial development.
  • Graduates: 1,923 in the past year, 595 entering the regional job market.
  • International Students: 80% in the International MBA, 32% staying in the region.
  • Company Partnerships: 203 companies involved in part-time programmes.

Business Development Impact:

  • Internships and Projects: Equivalent to over 700 full-time jobs, €10.5 million impact.
  • Entrepreneurship: Supported by PoliHub, 219 new jobs, 17 start-ups in 2022.
  • Notable Ventures: Fybra, improving air quality and energy efficiency.

Intellectual Impact:

  • Research Output: 370+ articles, 90+ books, 81+ research projects.
  • Events: 1,300 participants at conferences, 10,700 at 120 dissemination events.
  • Research Impact Assessment: Framework for assessing research impact.

Regional Ecosystem Impact:

  • Collaborations: With local academic institutions, public authorities and businesses.
  • Local Professionals: 443 professionals sharing expertise.
  • Community Integration: Significant contributions to the regional ecosystem.

Societal Impact:

  • Sustainability Initiatives: 59% of MSc and other masters students receive sustainability instruction.
  • Public Events: 85 events open to public, 5,500 participants.
  • Environmental Projects: “Zero Sprechi” and “Ambassador in Green Technologies.”

Image Impact:

  • Reputation: Triple crown accreditation, strong national and international reputation.
  • Dissemination Events: 400 events, 50,000 attendees, 11,500 press citations.
  • Social Media: Strong presence on LinkedIn, Facebook, and Instagram.

 

More details: POLIMI School of Management Impact Report BSIS Assessment.

BSIS Impact Assessment: the School is awarded the prestigious recognition for having generated an impact of academic and social excellence

Posted on | by Marta Re Ferrè

The School of Management of Politecnico di Milano has successfully completed the BSIS (Business School Impact System) assessment process, confirming its important role at an international level in the academic and social arena.

BSIS is a tool promoted by the European Foundation for Management Development (EFMD) − one of the three most important accreditation bodies in the world − which assesses the impact of business schools on their geographical areas and society as a whole. Through this process, the School has seen its commitment to contributing positively to society through academic, research and collaboration activities with local businesses and institutions certified and measured

 

BSIS: the essential meaning and value of the process

The BSIS assessment is a crucial tool for assessing the impact of business schools on the surrounding environment and provides a comprehensive framework for understanding the contribution of academic institutions to their socio-economic context.

The impact of business schools is analysed in seven main areas: financial, including both the school’s direct budget and the indirect financial flow generated in the region; educational, reflecting the influence of programmes on the local management community; business development, including the creation of new businesses and support for existing services; intellectual, through the output of the teaching staff and the contribution to local cultural life; within the regional ecosystem, involving the teaching staff and participants in public life and integration with other institutions; social, relating to CSR policies and sustainable development integrated into teaching and management; and image, assessing the school’s local, national and international reputation and its effect on the impact zone.

 

The evidence which emerged from the report for our institution

The BSIS assessment recognised the School’s strong capabilities in all the areas considered.

Starting from its product portfolio aligned with the country’s areas of excellence, the School has proven to uniquely integrate management, technology and humanities, thus creating an innovative and stimulating learning environment.

The assessment also highlighted the importance of key projects launched by the School to promote social innovation and address global challenges. Prominent among these projects are “Leave Your Mark”, which gives non-profit organisations the opportunity to benefit from the pro bono work of faculty, alumni and students, and the “Innova Europe” and “SoM Prize for SDGs” challenges, which respectively recognise SDG-based start-ups founded by students and alumni from top European business schools, and the work of our alumni to solve contemporary social challenges.

In addition, the School is actively committed to supporting the fight against climate change and promoting environmental sustainability. Through initiatives such as the financing of projects in countries such as India, Madagascar and Ecuador, and the financial support received from the Italian Ministry of University and Research for the HumanTech − Humans and Technology project, the School is positioned as a reference point in the field of sustainability and innovation.

 

“At the School of Management of Politecnico di Milano, societal impact is a pivotal principle of our vision and mission. Besides being fully aware of our role in society, we already had a comprehensive approach to assessing the impact of our research activities; nevertheless, thanks to the BSIS framework, we realised that there were more dimensions to consider in order to enhance our overall effectiveness in our impact zone.

In this perspective, the recommendations that have emerged from the assessment are very valuable to support our School in implementing new measurement methodologies and activities to reach the ambitious goals we have set in our strategic plan. In this respect, the assessment challenges us to utilise impact measurement to support − and emphasise − our commitment and achievements, thus providing even more consistency to our mission.”

Raffaella Cagliano, Academic Director, School of Management del Politecnico di Milano

 

Per maggiori informazioni: https://blog.efmdglobal.org/2024/03/20/polimi-school-of-management-awarded-bsis-label/