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Journal Impact measures the relative importance of a journal based upon citations, providing useful references to the following stakeholders:

  • Researchers - which journals should they publish in?
  • University Management - If faculty members published in high impact journals
  • Students - which are the best journals in a given field
  • Librarians - supports serials collection development

Thomson-Reuters (formerly ISI) - Journal Citation Reports has been a major tool to provide journal impact factor, but until recently, there are some alternative indicators available for reference as well.