OVERALL POLICY STATEMENT ON IMPACT In keeping with its mission, the Gordon Ford College of Business (GFCB) identifies, measures, and documents its impact in the areas of teaching, research, and service. The GFCB focuses on making a difference to a variety of stakeholders including students, the business community, and the broader society. The college maintains records and examines metrics which demonstrate that the teaching, research, and service conducted in the college make a difference to these stakeholders. The GFCB recognizes that measuring impact is not a formulaic, one‐size‐fits‐all approach. Instead, the college seeks to define what efforts and outcomes have impacts which support our distinctive mission to be the best applied college of business in the Commonwealth. Impact is incorporated into our Faculty Qualification Standards, standards for promotion and tenure, and annual performance reporting (teaching, research, and service). Impact is also incorporated into our other reward systems for faculty, staff, and students. Assurance of learning is integrated into our curriculum management processes and the GFCB produces intellectual contributions that make a positive impact on business theory, teaching, and practice. We view impact as having an even broader application which includes, through our distinctive applied mission, our value to students, organizations, and to society. Approved by the GFCB Faculty on 1/20/2016