BI Norwegian Business School has a sound economy, a strong position and an ambitious strategy. All is set for further development of BI in line with the key concepts of international, impact and interaction. At the same time, we face major restructuring of the Norwegian economy and employment in 2016. These changes will impact BI.
BI is facing increasing competition, both nationally and internationally, and both in terms of student- and faculty recruitment. Business and industry are experiencing uncertain times, and the way we teach and run our business is challenged by rapid developments in the use of digital technology.
Expecting tougher times, BI must prioritize according to the strategic plan. Two main areas for next year will be to ensure long-term development of BI's faculty and long-term development of our programme portfolios.
Investments will primarily focus on ensuring the functionality and stability of IT-solutions already in production. Digitalization of learning processes, exams, student services and administrative processes is rapidly becoming an important differentiator for universities and business schools.
A new model for funding from government, and changes in national university and college structure, changes the landscape and impacts competition. Both in attracting Norwegian students, and in the competition for international students and faculty.
Internationalization will become increasingly important, as BI’s reputation is mainly based on the school’s performance measured against business schools outside Norway.
BI will continue to develop quality relations with students, alumni, partners, business and society. Strong and active relations between academia and the business world is essential for closing the gap between theory and practice.
The changes in Norwegian economy, combined with the refugee and migrant situation and the transition to a “green economy”, will both challenge BI and provide new opportunities.
With a competent and adaptable organization, the Board believes the outlook for 2016 and the years to come are good for BI.
Oslo, 16 March 2016
