XLRI- Xavier School of Management has featured in the first edition of Positive Impact Rating 2020, launched at the World Economic Forum in Davos on January 22.
The Positive Impact Rating (PIR) is a student-based rating measuring the positive impact of business schools. It aims to change the thrust of existing rankings from leading schools to be the best in the world to ‘be the best for the world’. It addresses the ongoing critique of existing rankings to support mainly economic and selfish goals of already privileged actors, without reflecting the schools’ role as an important social actor.
The Positive Impact Rating was initiated in 2017 by a large global group of academics and institutional leaders from the management education field (GRLI, PRME, HESI, GBSN) with the intention to support fundamental change in the business school sector with regard to the schools’ societal responsibility and impact.
Purpose-oriented
Its activities are endorsed and supported by WWF Switzerland (Environment), OXFAM (Society), Global Compact Switzerland (Business) and it is operated in close collaboration with student organisations — Oikos International, Net Impact, AIESEC, SOS UK, and Studenten voor Morgen. It is the first time that students around the world assess their business schools on how they perceive their positive impact in the world. The positive impact goes beyond their contribution to business and the economy; it addresses the need for their positive impact for society.
The purpose of this PIR 2020 is to measure how business schools contribute to solving societal challenges by energising the school and its culture, by educating current and future leaders, by providing relevant research results and offers for continuing education, by participating in the public debate and by being a role model institution.
Fr P Christie SJ, Director, XLRI, said: “We are happy to see that XLRI has featured in the list of 30 leading global business schools in the first edition of Positive Impact Report 2020. This PIR rating would inspire us to work more diligently towards attaining our vision and mission. The millennial B-school students have clearly expressed their views on the importance of positive impact on society at large. This benign realisation marks a paradigm shift and would foster a collaborative ecosystem and make the process of management education more meaningful and purpose-oriented.”
(Note: IIM Bangalore featured as one of the transforming schools in the PIR top 30 business schools.)