IFIM Business School, Bangalore, India’s premier AACSB accredited management institute, today announced its decision to take a break from Business School Rankings for a period of two years, till December 31, 2020. The decision is an outcome of a strategic exercise to chart its direction for the future having arrived at a new positioning which is in sync with the needs of the future, following the AACSB accreditation. IFIM Business School is now positioned to cater to the needs of ‘Beyond Tomorrow’ by providing innovation-led solutions.
The Business School will work towards three distinct interventions to align with the refreshed positioning of ‘Beyond tomorrow’. First, developing a curriculum based on extensive ongoing quantitative and qualitative exercise with inputs from more than 100 CXOs of the country, in partnership with NHRDN and supported by AACSB International. Second, the introduction of a course on Design Thinking and Innovation to prepare graduates to come up with idea prototypes and exhibit them as MVPs. And third, a collaborative platform that connects the industry, the academia, and professionals who need to be up-skilled and re-skilled in gen-next technology areas of Artificial Intelligence, Data Engineering and Business Analytics, Digital Commerce and Blockchain aligned with new emerging job roles.
Sharing his views on this move, Dr Atish Chattopadhyay, Director, IFIM Business School said, “The AACSB accreditation brings with it a great degree of responsibility to deliver quality education which is at par with the global standards and keeps pace with the changing times. It also provides us an opportunity to introspect and prepare for the times ahead. Today’s environment presents unique challenges where existing business models and business education are fast losing relevance and getting disrupted.
As the nature of jobs is changing outside, we, as an institution, would like to prepare ourselves for the needs of tomorrow. We believe and are confident that in these two years, we should be able to demonstrate a definite value outcome of our various initiatives. We are probably the only institution in India which is developing the aforesaid platform. This has found a good traction with the industry and we have forged partnerships with new age corporates like Fractal Analytics, Infosys, Wells Fargo, Fidelity, Walmart, Flipkart, Amazon through forming a think tank in Bangalore. This also helps us develop the courseware, provide real-life data for capstone projects and develop industry use cases across domains.
Providing professional development programmes on this platform is on our agenda. This platform is duly supported by a Research Resource Centre, an in-house research facility that we plan to extend to scholars across the globe. I am happy to inform you that Dr A. Parasuraman, James W. McLamore Chair and Professor of Marketing, Miami Business School, University of Miami, has joined us as a mentor faculty to guide us in developing a roadmap for the same to effectively partner with service led businesses. The research work undertaken with our partner companies is being leveraged to develop the Index of Service Excellence in India.”
In line with its new positioning and the realignment interventions, the institute is also actively reorganising and reorienting itself. IFIM Business School now has a new leadership team, having a mix of outstanding academic and industry experience. The team comprises Dr D K Agarwal, Dean Academics (formerly Dean at IIM Shillong); Dr Suneel Sharma, Associate Dean of Working Professionals programme (formerly Head of Professional Technology Programme at SP Jain School of Global Management), Prof. Rakesh Mediratta, Associate Dean of Executive Education programmes (formerly Head of PGDM Executive at IMT Ghaziabad), Prof Asit K Barma (formerly Chairperson of Digital Marketing and Consumer Insights domain at IMT Ghaziabad), Prof Jahar Bagchi (a BITS Pilani and IIMA alumnus and a senior HR professional), Dr Suresh Advani (formerly Professor at SPJIMR and Vice-Chancellor at Mody University) and Dr Kalyan Sengupta (formerly HOD at IISWBM, Kolkata).
Commenting on the development, Mr Sanjay Padode, Secretary – Centre for Developmental Education (CDE) and founder of IFIM Business School, expressed, “The leadership team at IFIM Business School is endeavouring to make a paradigm shift in management education, they are not only aligning the learning experience and outcomes to the needs of the society today but also build a curriculum that will empower our students to be continuously relevant for the next three decades. The new positioning of ‘beyond tomorrow’ defines this aptly. Innovation powered by meticulously planned execution is going to be the secret sauce for success of this new strategy. The board of governors of the school are excited and confident that this shall deliver an impact which will put India on the frontier of management education.”
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