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Chicago’s Booth School of Business has the highest rating among its peer schools around the world for conducting research that has the greatest impact on management, according to an evaluation by the Financial Times.
The school is ranked ahead of Stanford University, Columbia University, MIT, and Harvard University, and is one of the leading universities in the United States for producing the best research that combines rigor, resonance beyond academia, and relevance to societal goals. It solidifies the business school.
Insead, based in France and Singapore, and London Business School in the UK are top schools outside the US, ranking just below major institutions such as Northwestern University, Wharton, Haas College, and New York University. .
FT ratings aim to examine recent, high-quality research on criteria that go beyond standard criteria for academic success in top journals by weighting faculty performance with a variety of additional criteria. Masu.
This reflects growing calls from students, academics and external organizations for greater accountability and ways for universities to encourage initiatives that have a wider impact on society, such as the UK’s research assessment framework.
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Such evaluations aim to reduce the disproportionate focus on scholarly publications as a primary criterion in faculty recruitment and promotion, and to evaluate teaching excellence and efforts to influence policy and practice.
Booth Dean Madhav Rajan said of the ranking: Many universities only focus on the number of papers. That’s crazy. This is a gameable system. We actually read the newspaper. We want to make an impact and know that it’s work we want to support. ”
Andrew Hoffman, professor of sustainable enterprise at Michigan’s Ross School of Business and author of The Engagged Scholar, said: Sometimes we publish in magazines that they don’t read. Ivory tower academic publishing will continue to be a long-term focus. ”
The rankings come as FT partners expand open data and develop new metrics, including OpenAlex, Open Syllabus, Overton, Scite, Case Centre, Clarivate and SSRN.
To examine academic rigor, this ranking takes into account studies published in the FT50 list of top peer-reviewed journals, as identified by business schools themselves, but after adjusting for discipline, other subsequent Further judgments are based on citations of individual papers in academic research. It depends on whether the reference is positive or not.
We then consider the resonance of our research beyond academia by examining government policy documents, advisory reports, papers cited by think tanks, and downloads of papers by readers in government, business, and other external organizations. Masu.
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To evaluate teaching, an area that many scholars argue has potentially the greatest impact through students, we examine the books and articles assigned to courses and reading lists at other universities, and examine which Consider which business school authors have created the most in-demand educational cases.
We seek to identify which academic articles address pressing societal needs by analyzing their content and alignment with the United Nations Sustainable Development Goals.
Given the historical strength of U.S. universities and their greater resources through fees, donations, and other funding sources, the final weighting aims to adjust academic publications according to faculty size.
