Indian Institute of Management, Lucknow (IIM-L), recently launched its first full-time one-year residential programme at its Noida campus. In all, 46 students have joined the International Programme in Management for Executives (IPMX).
The programme will be offered in association with the Faculty of Management, McGill University, Canada. Elaborating on the programme, Poonam Sahgal, dean, IIM-L, said: "Students will spend one term with McGill University where they would pursue international finance and international strategies. Moreover, once there, students would also participate in workshops on sustainable development."
Apart from the in-house faculty, an international visiting faculty from McGill, Kellogg School of Management and National University of Singapore will also be teaching the students. Besides, as part of the personality development programme, students would get to interact with experts from the field of sports, entertainment and artists, among others.
Talking about the profiles of the inaugural batch of students, Ajay Singh, chairman (MDP and Interaction Committee), IIM-L, Noida, stated: "The average work experience of the participants is nine years and they come from diverse functional areas - right from public section unit to corporate sectors and government services.
A majority of the students are technical graduates. Around 45% are from the IT and technical domain, while the rest represent the telecom, power, banking, finance and defence sector." The programme, the average GMAT score for which was 710, will cost the students Rs 10 lakh, including the cost of studying in and travelling to McGill.
According to Devi Singh, director, IIM-L, the corporate world is changing rapidly and the middle-level managers need to keep up. On his mission to build an international B-school, he said: "The Noida campus and the international programme are a step towards building a global B-school, but with a social conscience."
Climate Change Centre
Meanwhile, IIM-L has also announced its plans to set up a 'Centre for Business for Climate Change'. This would be the first centre in India, which is dedicated to environmental issues and their linkages to businesses, to be launched by a B-school.
"Climate change is affecting our lives in many ways and businesses are thought to be the prime reason for this change. There is an increasing pressure from the society on businesses to become environment friendly," said Singh.
Sushil Kumar, chairman (agribusiness), IIM-L, added: "Businesses managers need to develop an understanding and appreciation of environmental issues facing businesses. They need to be aware of environmental management strategies available to them and of how these can be used to gain a long-term competitive advantage. Hence, there is an urgent need for conducting in-depth studies and research on the impact of businesses on the climate. It is unfortunate that no educational institute in the country is carrying out focussed research on this issue."
The proposed centre at IIM-L would undertake studies to analyse issues facing Indian businesses due to climate change, document best business practices being followed at the global level, carry out research on emission trading, and provide consultancy services to the corporate sector, and so on.
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