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SEB LU Receives the BSIS System Assessment of Its Impact on Stakeholders

17.11.2021Comments are closed.,

The School of Economics and Business of the University of Ljubljana has successfully completed the reassessment of the school through the Business School Impact System (BSIS), the EFMD’s system for assessing the impact of business faculties and schools, which is led by Professor Michel Kalika, director of BSIS/EFMD. The two-day assessment process, which was carried out in July 2021 in Ljubljana, has once again ensured excellent participation of employees and key stakeholders in the process of assessing the impact of the faculty on our micro and macro environment. The initial assessment was conducted in 2018, and this year’s reassessment, which took place as part of a prescribed three-year cycle, has once again encouraged the faculty to focus on its real impact and contribution to society even more than before.

The process itself and the BSIS recommendations have helped the faculty identify actions for improving quality and seeing itself from a broader perspective. It is very encouraging that, during the renewal process, the experts found the faculty’s impact has increased since the first BSIS visit and the faculty’s ability to demonstrate and communicate its impact and contribution has also improved.

 

What did the BSIS/EFMD experts write about the School of Economics and Business in their report?

In their report, the BSIS/EFMD experts, who visited SEB LU in July 2021, wrote that the faculty has a significant impact on its micro and macro environment, and emphasised some of the characteristics of the faculty:

In Slovenia:

-        It is the largest higher education institution in Slovenia in the field of economics and business sciences and the only business school in Slovenia with triple international accreditation; with almost 1000 international students, it offers a lively learning environment.

-        It holds a leading position in Slovenia in the field of all its main activities.

-        The faculty is the largest centre for business education in the field of management, has an outstanding academic influence, with its research and intellectual influence being both global and local.

-        It has a wide impact on companies and organisations in Slovenia, due to its active, experiential education methods which constantly strive to connect learning and practice.

-        As a central hub of the national network and ecosystem, it is a strong driving force of the economy, not only through its graduates but also through the faculty’s contributions (in terms of research, consulting, and engagement in various public services) to the formation and functioning of the national economy.

Internationally:

-        The faculty has further improved its position through internationalisation, curriculum development, teaching quality, high-quality research, the development of managerial education, and strong links with the business community.

-        It gained considerable international recognition by being included in the Financial Times ranking of the best Masters and Management programs in the world as well as the ranking of the best business schools in Europe three years ago.

 

The report emphasises that the faculty has a broad and strong influence in the social sphere and is a role model for other institutions in its environment in terms of social responsibility. In this context, it especially highlights:

The activities of the faculty during the COVID-19 crisis, when the school took an important step by taking responsibility for helping companies in Slovenia cope with the crisis. SEB LU achieved this by proactively communicating through four different new channels: SEB LU Informs, SEB LU Helps, SEB LU Contributes, and SEB LU Personally. In this framework, SEB LU organised a series of open events (31) with 70 speakers, attracting about 30,000 participants.

You can find more information on the link.

 

The faculty’s reporting on social impact: In 2021, the faculty also started to report on social impact by mapping the results of its publications with the United Nations Sustainable Development Goals (UN-SDG).

 

Publications of the SEB LU and UN-SDG

4325

 

The majority of the contributions in faculty’s publications, where SDG covers > 10% of the results, refers to SDG 3, 8, 9, and 12 with an emphasis on the economy and people-related goals.

More on the link.

 

Does the BSIS process have an “impact” on the School of Economics and Business?

The BSIS experts praised SEB LU as a forward-thinking, committed, and socially responsible school that is dedicated to driving change for the benefit of all stakeholders and society: this is evident in its progressive capacity to support new ventures, its extensive academic and professional networking activities, and its commitment to maintaining recognised standards of international excellence across its accreditation portfolio while upholding SDG principles and practices.

In particular, the fact that the experts have highlighted the SEB LU’s impact as an integral part of its culture (impact is not a question here, but a culture: a culture of loyalty—”giving back to the country is a privilege”) is a tremendous recognition and a great commitment for SEB LU to further affirm this in the future, both in the renewed strategy and with its actions.

The BSIS feedback with recommendations of the experts provides a great opportunity for the school to confirm and identify future actions to improve its quality and impact. We appreciate the BSIS experts supporting us in communicating the impact of our school more frequently and to more stakeholders.

 

About BSIS assessment system of business schools’ environmental impact

The BSIS system was designed to help business schools and faculties communicate their positive impact on the local environment. Over the years, BSIS has evolved and proven to be a tool for continuous improvement. BSIS helps faculties and schools identify key strengths and opportunities for development in line with their historical identity, while also helping with strategic development. Since 2014, when BSIS started operating as a joint project of EFMD Global and FNEGE, 55 business schools worldwide have been successfully evaluated with this system.

The comprehensive tool for assessing the impact of BSIS is designed to determine the extent of an institution’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.

 

To learn more about BSIS, please visit this site.

 


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