Special Correspondent

HYDERABAD: The Indian School of Business (ISB) has announced a hike of 55 per cent in scholarships for students of Class 2009, compared to those in Class 2008. They are valued at Rs. 3.3 crore.

Dean of ISB M. Rammohan Rao said in a statement here on Monday that it was an effort to ensure that no deserving student should ever be turned away from ISB for want of financial support. “This additional funding will allow us to reach out to an even wider talent pool,” he said.

The scholarships would be both merit and need-based and given to outstanding students selected on the basis of exceptional academic and professional performance as well as personal qualities such as leadership, integrity, and community service.

In an attempt to attract students from various professional, ethnic, and gender backgrounds, several scholarships would be awarded to students coming from small towns in India, women, and international students.

While 60 per cent of the scholarships would be awarded by ISB, the remaining 40 cent would be given by private companies like Citigroup, Novartis, Sierra Atlantic and Ambit Finance.

(Source: The Hindu )

The first-of-its-kind five-day programme on Building a Global Enterprise in India will cost Rs 1.8 lakh per participant. Not surprising considering they will be taught by blue-breed management gurus senior HBS faculty including Harvard dons Thomas J DeLong, Krishna G Palepu and Amy C Edmondson.

“The program is based on 10 years of extensive, on-the-ground HBS research in India and uses cases tailored to the specific needs of companies operating in the country,” professor David Yoffie, senior associate dean and chair of Harvard Business School Executive Education programs, said in a statement.

The programme marries on-the-ground, research-based knowledge of India with the global perspective of one of the world’s leading business schools-a combination unavailable in any other executive education program.

This is perhaps the first time that HBS is kicking off academic programmes in the country after nurturing IIM Ahmedabad way back in 1961-67.

The reputed B-school set up in Mumbai its India research centre in 2005 after it began developing India focused cases about a decade earlier.

The new programme, slated to be held in February 2008 at the Hyderabad International Convention Centre, a stone’s throw from the ISB campus, will replicate the world-renowned HBS learning experience. It will provide participants the opportunity to meet and discuss business issues with a diverse and dynamic group of C-suite peers from India and around the world.

That Hyderabad was chosen as the venue for the HBS’ first executive programme in India is significant.

Executive education programmes are a significant revenue earner for the ISB, which runs the Centre for Executive Education, which organises short-term programmes ranging from a few days to a few weeks.B

ISB leverages its academic alliances with The Wharton School at the University of Pennsylvania, the Kellogg School of Management at Northwestern University and the London Business School, which has contributed extensively in developing the executive programmes for it.

But then B-school executive education is nothing new in India. The concept was pioneered by IIM Ahmedabad with its one-year post graduate programme for executives costing Rs14 lakhs.

Participants at the IMMs for this programme are selected on the basis of their GMAT scores the same as ISB’s one-year programme which, too, is for experienced executives.

“Executive education programs are certainly the order of the day but one requires much more in-depth perspective than a four-day workshop,” one of the participants of IIM-As PGPX said.

(Source: dnaindia.com )

The number of GMAT takers in India is growing every year. And experts predict the number to grow at between 20 to 25% over the next three to five years. Here�s what�s attracting Indians towards this international test.

From less than six thousand in 2001, to over 16,000 last year, the number of Indians opting for GMAT, is increasing every year. Out of the two lakh people taking GMAT every year across the world, about 5% are from India. Experts say the number of GMAT takers in India is growing at 20% per annum already.

Chad Troutwine, Co-Founder, Veritas Prep said, �It’s one of the 5 most popular in the world. It’s also the fastest growing. Just three years ago, less than 10,000 students took the GMAT exam in India, so it’s not only an ideal market, it’s the fastest growing. And, we think, it could also be an indicator where growth could be in other countries in Asia”.

Experts say, the number of GMAT takers from India, will continue to grow at 20 to 25% per annum for the next 3 to 5 years. The increasing interest from Indians to study abroad is cited to be the main reason for this growth. But that’s not all.

Nikhil Mahajan, MD, Career Launcher said, �3 to 4 of the IIMs have launched a one-year executive program, which used GMAT score as their entry criteria. ISB is probably the biggest GMAT user within the Indian market”.

With this increasing interest, not only from students but from educational institutions as well, GMAT it seems has taken off in India.

Expressing great hopes from the programme, ISB Dean M Rammohan says, “The ISB lays great imphasis on Thought Leadership, which is key to effective leadership. To become a thought leader, one must be able to first master the inner thought process. I believe that inner management can refine the thought processes of our students and make them effective in managing themselves and the people they work with. Transforming the way they think will not only change the way business is conducted but also the way society will evolve in the future.”

(Courtesy: http://timesofindia.indiatimes.com/Business/India_Business/ISB_to_host_event_on_thought_management/articleshow/2289587.cms )

IPMX, the first, full time, one-year residential executive programme would be launched in April 2008 at the Indian Institute of Management Lucknow-NOIDA Campus. The International Programme in Management for Executives, is designed for mid/senior level professionals, to prepare them for leadership roles. The programme is designed to develop business education that is grounded in the Indian and international business environment. It will accelerate understanding of business at functional and strategic levels, and prepare students to manage enterprises engaged in global business. The curriculum would focus on a strategic understanding of business, rooted in practical skill development through action learning projects and industry interface. A core component of the programme is an international module of 4-5 weeks at Faculty of Management, McGill University, Montreal Canada which will provide students with the opportunity for an international learning experience to equip them with the knowledge and perspective relevant to current global business issues. The programme would be rigorous as well as rewarding as it would provide ample opportunity for personal development and professional growth through inquiry and insight in an interactive learning environment. NOIDA being the hub of commercial and industrial activity, the locational advantage of the NOIDA Campus would also extend to the learning process where industry related assignments and real management contexts form an integral part of the course curriculum. The delivery is oriented towards best practices, an integrated strategic perspective, project work and constant engagement with industry The Corporate Resource Centre of the Institute would facilitate in providing placement services for non-sponsored students. .

Programme Objective

The overall goal of the programme is to broaden the core managerial competencies to further enhance the professional growth of students. The specific objectives of the programme are to:
Provide students with the fundamental principles of effective management of modern business organizations

Develop understanding of the roles and responsibilities of business managers in increasingly global nature of social and economic orders and corporate operations

Sharpen diagnostic and analytical skills for effective decision making in complex business perspectives

Sensitise students to the issues of cultural diversity and develop skills for effective management within multi-cultural work environments

Strengthen strategic leadership and team working skills

(Source: IIML website)

The Centre for IT and the Networked Economy at the Indian School of Business (ISB), Hyderabad, and the School of Information Systems at the Singapore Management University (SMU) have signed a memorandum of understanding (MoU) to promote collaborative research in information systems (IS).

The agreement is for an initial period of three years starting July 1, 2007.

Consider this. The Indian Institute of Real Estate (IIRE) — affiliated to the National Association of Realtors (NAR), the leading real estate association in USA which offers real estate certification programs online in India since 2003 — had only a few registrations till the end of 2006.

However, from the beginning of this year, the institute is looking at close to 50 students signing up for its eight-month diploma course in Principles and Practices in Real Estate.

http://www.business-standard.com/strategist/storypage.php?leftnm=6&subLeft=8&chklogin=N&autono=289661&tab=r

http://ramsabode.wordpress.com/2007/01/29/back-at-isb-2/

http://ramsabode.wordpress.com/2006/04/30/kaun-hai-woh-karorpati/