The Sophisticated GPS Methodology
The Business School GPS ® has been developed using a methodology that synthesises two decades of experience, to create a set of indicator areas; carefully-framed questions; and response options. Over 50 different areas of operation across 10 different indicator sectors are examined and over 200 discrete School-level issues and 180 programme-level issues are analysed, with in excess of 1,200 weighted response options. The Business School GPS algorithms take your School’s responses, and calculates your GPS positioning against any indicator on a continuum ranging from very weak to very strong. The GPS also positions the school’s performance against a best practice level for each indicator. Further algorithms then provide a cost and time graph illustrating the likely impact of addressing any relative weaknesses both in terms of the overall costs involved and the timeframe likely to be needed to move from the school’s current positioning to a GPS position of best practice or above.
Each multi-choice question and each of the answer options has been carefully framed, to ensure that the GPS is methodologically rigorous. The weightings algorithm is based on 20 years’ business school advisory and consulting experience, working with numerous schools across the world on their mission, strategy, resourcing and accreditation issues (including AACSB, EQUIS, EPAS, AMBA and CEMS accreditations). The positioning and best practice levels are based on experience and knowledge of highly-regarded, internationally accredited institutions, of various sizes and with varying missions. These institutions include triple accredited business schools and schools with operations and programmes ranked among the best globally within various acknowledged school rankings systems (such as those operated by the Financial Times).