Brock University’s Goodman School of Business has received the Business School Impact System (BSIS) label in recognition of the significant contribution the School makes both locally and globally. The BSIS external review quantifies the extent and nature of a business school’s impact on its environment. The study concluded that GSB’s activities contribute to an economic impact totalling $380 million annually through direct, indirect and induced contributions. Goodman is just the third North American business school to receive this label.
The BSIS process is well established in French higher education and is now offered through a joint venture between the French National Foundation for Management Education and the European Foundation for Management Development. As part of the process, Goodman submitted a pre-visit report and hosted the BSIS review team, including BSIS Director Michel Kalika, virtually for three days in December.
Other highlights of the report include:
- Goodman’s $49-million direct economic impact, $59-million indirect impact and $271-million induced impact annually on the Niagara economy.
- The School’s 950 co-op students contribute $11.7 million annually which is the equivalent of 275 full-time equivalent positions.
- Experiential class projects where students work as consultants contribute $29.6 million in value to non-profit and business partners which is the equivalent of 665 full-time equivalent positions.
- Goodman faculty members contribute more than 8,500 service hours to the community each year through pro-bono consulting and service on boards or committees.
- Diversity of the student population is a clear strength of the School. In 2020, Goodman was ranked No. 1 in Canada for student and faculty diversity in QS Global Ranking.
As part of the assessment, Goodman has committed to creating a formal three-year development plan that will act on recommendations from the report. The summary report of the BSIS findings is available here.