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Impact at Munich Business School
We have embarked on a journey towards impact, here at Munich Business School, wanting to develop our own, unique impact model - much like our mission and our values are unique to us. Following the Theory of Change process, we have made room for a bottom-up approach, talking to and listening to our community about what they think is important. And we have collaborated together, among staff, faculty and so many more, to jointly discuss and develop a framework that suits us, that is reflective of our values and that allows us to systematically create impact over the following years.Munich Business School is an impact-driven business school, where societal, environmental and economic challenges inform our educational approach. We educate the leaders of tomorrow and it is our goal to inspire and foster responsibility in all our learners – from students to staff to partners. We call ourselves the first Quintuple Bottom School, building on the Triple Bottom Line model which we have extended and formed into our own impact model.
People
Focuses on fostering a diverse and inclusive academic community, ensuring equitable access to education and promoting the wellbeing of students, faculty, and staff.
Planet
Emphasizes environmental sustainability, minimizing negative impact on natural ecosystems and promoting ecological health.
Passion
Relates to enthusiasm and commitment, inspiring stakeholders to engage deeply with the school's goals and values.
Purpose
Centers on having a meaningful mission or vision that guides the school's actions and decisions beyond profit.
Prosperity
Pertains to economic success, including profitability and long-term financial viability for all stakeholders.
Research and Education
As a higher education institution, we bring our mission to life by integrating all our impact-driven endeavors into our very fabric – research and teaching.
Why do we need to focus on impact as a business school?
The big societal problems such as the climate crisis, social inequality or global health cannot be overcome alone. Business is increasingly expected to take the lead in finding solutions to these challenges. Consequently, business schools, which educate the leaders of tomorrow, also carry a major responsibility.
At Munich Business School, we take this responsibility for society seriously. We are convinced that impact has become a relevant measurement for management education legitimacy and therefore ensure that our degree programs go beyond traditional business education. We sharpen our students' conscious awareness of the world around us, teach them more inclusive strategies, and inspire them to choose work opportunities with a societal impact.
In Munich Business School's second Impact Report for 2022, we affirm our commitment and document further progress. This report presents the development of our own impact model and highlights our efforts to establish MBS as a hub for innovative solutions.
Additional materials on our model development process
Voices on Impact
Some Numbers On ...
With our impact report 2021, we have publicly acknowledged our commitment to impact for the first time and pledged to issue yearly reports on our progress, from now on.
As a proud member of the United Nations supported PRME initiative, we also document our contribution to responsible management education in biennial reports.