News, 169 STUDENTS GRADUATE FROM THE INDIAN SCHOOL OF BUSINESS- NEW SUMANTRA GHOSHAL AWARD INSTITUTED- Indian School of Business (ISB)

169 STUDENTS GRADUATE FROM THE INDIAN SCHOOL OF BUSINESS- NEW SUMANTRA GHOSHAL AWARD INSTITUTED- News, 169 STUDENTS GRADUATE FROM THE INDIAN SCHOOL OF BUSINESS- NEW SUMANTRA GHOSHAL AWARD INSTITUTED- Indian School of Business (ISB)

Mon, 29 Sep 2008 04:53:35 GMT

Hyderabad, -- April 12, 2003: The Indian School of Business held its second Graduation Ceremony with traditional academic regalia, at its campus on April 12, 2003. Kumaramangalam Birla, the Chairman of Aditya Birla group was the Chief Guest and presented the graduation certificates to the 169 students of the Class of 2003. Members of the School's Executive Board, the ISB faculty and management, and families of the students were present on the occasion.

“I am delighted to observe the progress made by the Indian School of Business,” said Mr Kumaramangalam Birla. “The ISB is shaping a generation of leaders who can make a difference to the world of business across the world. I am particularly glad to note that leadership is an important aspect of ISB’s curriculum. In the age of the new economy, leaders with out-of-the-box thinking, perseverance and passion will be the ones to make it. I am sure ISB students will display active courage and set new business trends.”

On a slightly different note, Rajat Gupta, Chairman of the School’s Executive Board, in his address, urged the Class of 2003 to not worry about their careers. “Young managers today seem very anxious to attain top positions quickly and often ask me how to manage their careers. From my experience, the answer lies in doing the right thing and helping others do better – if you do that, new opportunities open up and others will help you achieve your goals,” said Rajat Gupta, who will retire in June after having worked with McKinsey and Company for 30 years, the last 9 as Managing Director worldwide.

The School presented the ISB's Scholar of Excellence awards to two students with the highest grades - Aarthi Ramesh and Aditya Singh. 17 students whose grades were in the top 10% of the class were included in the “Dean’s list”. A total of twelve students were awarded the ISB Scholarship which included a 50% fee waiver. Of these three were given to women students.

This year, the ISB instituted the Sumantra Ghoshal Award for Corporate Strategy, Leadership and Change Management. The award has been endowed by management guru Sumantra Ghoshal and will be an annual feature from this year onwards. It will be presented to the student who excels in two courses - Corporate Strategy and Management of Organisations. This year Manav Futnani won the award.

ISB’s Rolling Placement Process, spread over several months will be concluded by end April 2003. “Despite the continuing economic downturn, and uncertainty in global markets, we have attracted high-quality recruiters including global names like HSBC, Novartis, Astra Zeneca, Ispat International and i-Gate technologies,” said Dean Vijay Mahajan. “142 companies have participated in ISB’s recruitment process so far, making 213 offers; 12 of these offers are for overseas positions. Almost all of the students have been placed, with fewer than 10 students still in the placement process.”

The new Class of 2004 will begin classes in May 2003. This year ISB has admitted more than 200 high calibre students. Over time, the number of students will be scaled up to over 500 making ISB the largest management institution in India.

Having successfully graduated and placed two classes of students, ISB is well on its way to achieving its goal of being a world class, research-oriented management institution. ISB is born of a visionary association between eminent business leaders, entrepreneurs and academicians from around the world. The School has formal affiliations with three of the world’s leading business schools – the Kellogg School of Management, The Wharton School and London Business School. The School offers a one-year Post Graduate Programme in Management and short-duration, high-powered courses for corporate executives.

Contact:
Ms. Bhuvana Ramalingam
Director – Communications
Indian School of Business
Tel. : 91 40 2 300 7000
email : bhuvana_r@isb.edu

www isb.edu

ISB INAUGURATES A 400 SEATER AUDITORIUM ON ITS CAMPUS- News, ISB INAUGURATES A 400 SEATER AUDITORIUM ON ITS CAMPUS- Indian School of Business (ISB)

Mon, 29 Sep 2008 05:27:23 GMT

Hyderabad, April 11, 2003: The Indian School of Business (ISB) has inaugurated a new 400-seat auditorium on its campus. The Auditorium is an endowment from the Khemka family of the SUN group of Companies. The auditorium will be called the Rameshwarlal Khemka Auditorium, honouring the memory of Shri Rameshwarlal Khemka. His Excellency, Surjit Singh Barnala, the Governor of Andhra Pradesh, inaugurated the auditorium at the ISB on April 11, 2003.

The sons of Shri Rameshwarlal Khemka -- Satyanarayan, Basudeo Prasad, Badri Prasad, Chandi Prasad and Nand Prasad, bequeathed the endowment to ISB for the auditorium. The fully air-conditioned, light oak-paneled auditorium boasts of modern acoustics systems. The Khemka Auditorium will host a variety of events -- cultural, educational and professional – thus creating a lively meeting point for the ISB community.

“We deeply appreciate the Khemka family's generous gesture for making the Rameshwarlal Khemka Auditorium a reality for the ISB community,” said Dean Vijay Mahajan. “The Khemka Auditorium will be a place where students, faculty, people from the industry and society will converge to debate, share and bond with one another. It will play an important role in providing a multifaceted learning experience to our students. I look forward to hosting several educational and cultural events here,” he said.
“We are proud to be associated with the Indian School of Business,” said Nand Khemka of the SUN Group of companies. “ISB shines as an example of how Indians can work in unison to create excellence and competitive advantage to allow our country to compete on a global scale. At the same time, we strongly support the powerful international focus of the school and believe that students and companies from around the world will benefit from the calibre of its educational standards and research.

We know this auditorium will add to the school’s vision of generating business leaders who are deeply committed to excellence, ethics and a spirit of service,” he added.

On the day of the inauguration, two special events were hosted in the Khemka Auditorium - the “Professor of the Year Award” ceremony and a music concert by eminent artist Pandit Vishwa Mohan Bhatt on his unique instrument – the Mohan Veena.

Of the 45 professors that taught Management courses in the year 2002-2003, two professors have been chosen for the “Professor of the Year Awards”. A student panel selects the best professors annually for exceptional delivery of course content. Professor Mark Finn from the Kellogg School of Management teaching the course on Financial Accounting and Decision Making and Professor N R Prabhala from the University of Maryland, teaching a course on Capital Raising Strategies in Corporations were selected for the awards.

The Khemka Auditorium also hosted its maiden cultural event – a concert by Pandit Vishwa Mohan Bhatt. An outstanding instrumentalist, who plays Hindustani classical music, Panditji plays on an instrument of his own design, called the Mohan Veena, which evolved from the slide guitar. He is particularly known for his brilliant rendition of the ‘Tantrakari Ang’ and for incorporating the ‘Gayaki Ang’ on the Mohan Veena. He has won a Grammy in 1994 with Ry Cooder for their album – ‘A meeting by the River’.

The ISB is a privately funded institution and depends on grants and endowments to augment resources for the School. The institution has been attracting grants and endowments from patrons who share its vision of establishing an institution of excellence in management education. The School follows the endowment and service model of raising funds followed by global B schools such as Wharton, Kellogg and others. Ever since its inception, ISB patrons have rallied both in action and spirit to provide support for several key initiatives. Mr Uday Khemka of the Sun Group of companies, a member of the Governing Board of ISB, has been one of ISB’s strong supporters.

The Indian School of Business, a research-oriented independent management institution, is born of a visionary association between eminent business leaders, entrepreneurs and academicians from around the world. The School has formal affiliations with three of the world’s leading business schools – the Kellogg School of Management, The Wharton School and London Business School. The School offers a one-year Post Graduate Programme in Management and short-duration, high-powered courses for corporate executives.

Contact:
Ms. Bhuvana Ramalingam
Director – Communications
Indian School of Business
Tel. : 91 40 2 318 7431
email : bhuvana_r@isb.edu

www isb.edu

ISB professors discuss the financial crisis- News, ISB professors discuss the financial crisis- Indian School of Business (ISB)

Thu, 30 Oct 2008 03:09:13 GMT

Choppy stock markets, liquidity crisis, credit squeeze, escalating interest rates, inflation hovering at a 12 percent, the global downturn has indeed left all of us asking for answers and assurances.

In such a backdrop, the ISB community recently organised a forum to analyse the genesis of the global financial crisis, to derive lessons that can help avoid or at least reduce the possibility of such circumstances in the future, and also to discuss its implications for India, and finally take lessons for the way forward.

A student-driven initiative organised by the Finance Club from the Class of 2009, the discussion had on its panel, Visiting Associate Professor, Sumit Agarwal from the Federal Reserve Bank of Chicago, Rajesh Chakrabarti, Assistant Professor of Finance, ISB, who researches the Indian financial sector, and Ramabhadran Thirumalai, Assistant Professor of Finance, who is also the resident expert on derivative instruments.

Professor Agarwal began the session by explaining the benefits of securitisation, and how it went from good to bad to ugly. “The number and share of sub prime mortgages increased rapidly over the last few years. Whether factors like rising house prices, excess liquidity, increased securitisation and lax underwriting standards led to increase in sub prime mortgages, or the increase in sub prime mortgages led to these factors occurring, is a chicken and egg kind of situation, and open to debate,” he said. He went on to explain how ‘Mortgage Backed Securities’ are structured by slicing and dicing mortgages, and how they are packaged and resold to institutions across the financial system. Professor Agarwal pointed out that because of the complex structures of these instruments; the instrument holder had no clue about what underlying asset the instrument represented. “As long as the housing prices remained high, there were no problems. But when the house prices in the US fell and the sub prime borrowers were unable to repay the mortgages, it led to a cascading of delinquencies in the system,” he explained.

Professor Rajesh Chakrabarti started by discussing what does the financial crisis entails for India. “The news is not that bad for India. Being conservative over the years has helped Indian banks to be in better shape than its foreign counterparts,” he noted. Professor Chakrabarti further explained that even 10 years ago, when the Asian financial crisis hit the economy, India was spared from the worst effects as it had limited exposure to the global economy. Indian regulations have resulted in a somewhat insulated Indian economy. However, he noted, that it doesn’t mean that India will not be affected by the current economic downturn. It is in someway connected to the global economy.

Professor Chakrabarti then went on to discuss the Indian banking system. He informed that in India there is very limited exposure to sub-prime. Few banks have some exposure to CDOs though their international units. Many Indian banks held securities linked to Lehman. Amongst Indian banks, 14 banks had exposure to Lehman or its subsidiaries. Further, Indian banks have a capital adequacy ratio of 13% as against the norm of 8-9% in global banks, and thus Indian banks are stable and strong.

“The current global crisis will hit the financial service sectors the most since it is more connected to the world’s sentiments. Firms that deal in brokerage or trading are the ones likely to be hit the most,” Professor Chakrabarti said. He added that although the falling oil prices are a respite, the rupee depreciation is making the scenario worse. “At the same time, there has been no major macro effect that suggests that Indian economy is doing badly. India has a strong domestic market and is not as market driven as other economies in Asia,” he added. Professor Chakrabarti suggested that inflation is expected to come down with falling oil prices. Although falling rupee is a concern. “All this suggests that we are not completely insulated and there is a degree of vulnerability,” he concluded.

Professor Thirumalai elaborated on the complex derivatives structures that were involved, which ended up compounding the crisis. Another important aspect was the fact that these derivative exposures were so complex that most institutions did not even realise the true extent of their exposures and this was the reason why remedial action was difficult to implement. Also, the extreme complexity left institutions at a loss on how to fair value these exposures, especially in volatile markets. “At best, the pricing was done on the basis of some remote possibilities of severe defaults, and this was considered remote and hence valuations did not reflect realities, to say the least,” he said.

The panel also discussed extensively on the bailout package. The opinion of the panel was that the bailout package was necessary and in its expanded form more relevant – it is better for the US government to actually acquire stakes in these institutions rather than just buy bad or toxic loans.

The panel agreed that India is well positioned to weather the global storm because institutions are now more risk aware and risk focussed, and both regulators and governments fully realise the extent of the problem and are working towards tackling it. Finally vested interests will ensure global stability and security to prevent extremist elements from taking advantage of turmoil

The Finance Club at the ISB comprises of finance and accounting professionals and also those who aspire for a career in the field of finance. The Club organises several such knowledge sharing forums and both formal and informal interactions with eminent business leaders from the finance domain

For more information please contact:
Bhuvana Ramalingam
Senior Director – Communications
Indian School of Business
Tel. : 91 40 2 300 7000
email : bhuvana_r@isb.edu

www.isb.edu

ISB explores an Indian Leadership Model- News, ISB explores an Indian Leadership Model- Indian School of Business (ISB)

Thu, 30 Oct 2008 03:13:13 GMT

The Indian School of Business (ISB) is organising a conference on Leadership and Change Management. The theme of this conference is ‘Igniting the Genius Within’. The conference is being organised under the aegis of the Centre for Leadership Innovation and Change (CLIC) at the ISB. The conference will be held from October 24 to 26, 2008 at the ISB campus

CLIC has created a unique ‘Integral Approach’ to study Leadership, Innovation and Change Management – which is based on wisdom traditions, scientific principles and management practices. This conference aspires to create a community of researchers and practitioners of this approach.

Speaking on the need for this approach to Leadership, M Rammohan Rao, Dean, ISB said, “With an increasingly global workplace and a multicultural workforce, organisations are in a stage of transformation and require new age leaders, who have the ability to develop more leaders around them. CLIC at the ISB aspires to study companies, organisations and current leaders, prepare cases to develop this model of leadership.”

Speaking on the need for a platform such as this, Professor Prasad Kaipa, Executive Director, CLIC said,”When well established financial models have collapsed, when senior executives are accountable for jobs of thousands of employees, when subtle differences in character, attitudes, values and ethics begin to shape political futures in the current context, we need a new model of innovative leadership and this is precisely where CLIC has focussed its efforts”

“Indians are leadership material and this has been proved many a time. With Indians being increasingly recognised as leaders globally, it is critical that Indian leadership practices are given the importance they deserve. We will research on Indian wisdom practices that will support in building leaders who will inspire change, bring innovation, and build sustainability and ethical values in what they do

A highlight of the conference is the world café concept, which involves collecting opinion and views of all participants and using this data and the basis for further thought and action. Several interesting activities will add to the uniqueness of this conference. A graphic artist will be present on the occasion to visually interpret the proceedings of the day to day activities.

The conference has attracted participation from eminent leaders such as O P Bhatt, Chairman, State Bank Group, Neeraj Bharadwaj, CEO, Apax Partners, Neerja Raman, Reuters Fellow, Stanford University, Dr Lee Hartwell, 2001 Nobel Laureate in Medicine, Domien Van Gool, CEO, Leader Academy, Belgium, Srinath Pendyala, Vice President and GM, Hewlett Packard and Dr Gary Jusela, Former CLO of Home Depot among others.

This conference will create a community of leaders who will follow contemporary approaches for developing global leadership, sparking innovation and nurturing change in organisations.

About the CLIC:

The Centre for Leadership, Innovation, and Change (CLIC), is the fifth centre of excellence set up at the ISB. Its mission is to develop accountable and ethical leaders in organisations and society, committed to practicing personal leadership, enhancing stakeholder engagement, sparking innovation, changing mindsets and inspiring leadership at all levels. The Centre will also address the opportunity that is available to develop global leaders from India and emerging economies.

About the ISB:

The Indian School of Business is a premier management institution established in 2001. In a short span of seven years, the ISB has successfully pioneered several new trends in management education in India and has established itself as a leading B-school across the world. The ISB has a strong pool of research oriented resident faculty and invites high calibre international faculty from reputed B-schools to teach in its Post Graduate Programme in Management/Executive Education Programmes as well as to participate in collaborative research with the resident faculty. The ISB has academic associations with the Kellogg School of Management, The Wharton School, and the London Business School

For more information please contact:

Bhuvana Ramalingam
Senior Director – Communications
Indian School of Business
Tel.: 91 40 2 318 7431
e-mail: bhuvana_r@isb.edu

www.isb.edu

Second Campus at Mohali Announced- News, Second Campus at Mohali Announced- Indian School of Business (ISB)

Wed, 12 Nov 2008 04:35:19 GMT

Government of Punjab, ISB and 4 Business Leaders come together for a new ISB Campus at Knowledge City, Mohali
Analjit Singh, Rakesh Bharti Mittal, Sunil Kant Munjal & Atul Punj jointly commit funding of Rs. 200 crs

Chandigarh, New Delhi, Hyderabad, November 12, 2008: The Government of Punjab today, signed a tripartite agreement with Indian School of Business (ISB) and four Indian Business Leaders to set up a second ISB campus at Knowledge City, Mohali. The Agreement was signed in the presence of Punjab’s Chief Minister Parkash Singh Badal by Anjali Bhawra - Secretary, Higher Education, Government of Punjab, Rajat Gupta - Chairman, ISB, and four Founder Supporters of the ISB campus at Mohali, Analjit Singh - Chairman & Managing Director of Max India Limited, Rakesh Bharti Mittal - Vice-Chairman & Managing Director of Bharti Enterprises Limited, Sunil Kant Munjal - Managing Director & Chief Executive Officer of Hero Corporate Service Limited, Atul Punj - Chairman, Punj Lloyd Group.

The 70 acres ISB campus site at Mohali has been allotted by the Government of Punjab on a 99 years lease at Rs. 1 per acre annually, as a part of its vision to establish a world class premier management institute at Knowledge City, Mohali. Based on an invitation by the Government, the four Indian Business Leaders along with ISB submitted their Expression of Interest to set up a second campus of ISB at Mohali, along with their intent to make a significant financial contribution for establishing the Campus. The first academic session at the ISB campus in Mohali is expected to commence in 2012.

Speaking at the occasion, Mr. Bikram Singh Majithia, Information & Public Relations, Water Supply & Sanitation, Science & Technology and Environment Minister, Government of Punjab, said "It gives me great pleasure to announce the setting up of a new campus of ISB at Mohali. This has been possible due to the vision of our Chief Minister Sardar Parkash Singh Badal and the unrelenting effort of our Party President, Sardar Sukhbir Singh Badal. It will help facilitate the emergence of Mohali on the national map as an important centre of higher learning, especially with other national institutes of excellence coming up here. I want to thank the four Founder Supporters Analjit Singh, Rakesh Bharti Mittal, Sunil Kant Munjal & Atul Punj for reiterating their support and commitment to Punjab by helping make this a reality. We will provide all the support and assistance needed to ensure that the Campus becomes functional on time."

The ISB, with the support of existing associate schools, Wharton School and Kellogg School of Management, will set-up and run the Mohali campus, just like its Hyderabad campus, as a world class academic institution for providing Post Graduate Programmes in Management and short duration Executive Education Programmes. The ISB campus at Mohali will have the following four specialist Institutes, termed as Centres of Excellence, for promoting research and offering additional specialisations in the Post Graduate Programme:

Max India Institute of Healthcare Management
Bharti Institute of Public Policy
BML Munjal Institute of Manufacturing and Operation Excellence
Punj Lloyd Institute of Physical Infrastructure Management

The ISB campus at Mohali proposes to have 280 seats in its Post Graduate Programme. It will also have several short duration Executive Education Programmes where approximately 750 professionals will be able to participate.

ISB will have a unified governance structure, with the ISB Board as the Statutory Body overseeing and supporting both campuses at Hyderabad and Mohali. A Deputy Dean, will be appointed to run the ISB campus at Mohali, including the four Centres of Excellence. It will additionally have the benefit of a Campus Advisory Board while the Centres of Excellence will be advised by their individual Institute Advisory Councils. The ISB faculty will be available for teaching on both campuses and all standards and processes will be common across both campuses.

The Founder Supporters of the ISB campus at Mohali, who are playing a key role in setting up the Business School, will contribute a sum of Rs. 50 crores each. While they are members of the ISB Executive Board, they will also be represented on the Campus Advisory Board of ISB campus at Mohali and will Chair the respective Institute Advisory Councils. The Founder Supporters will extend their existing support for Placements/Internships, Programmes on Campus and Visiting Faculty to the ISB campus at Mohali.

Official Quotes:

Rajat Gupta, Chairman of the Board of Directors, ISB
Rajat Gupta, Chairman, ISB, remarked, “It has been an exciting and eventful journey for ISB from its inception in 2001 to becoming a top ranked global business school in seven years. The Mohali campus is another significant milestone for us. I am grateful to the vision of Chief Minister Parkash Singh Badal and our Founder Supporters for making it possible for us to bring high quality education within the reach of more and more Indians.”

M Rammohan Rao, Dean, ISB
“The ISB owes its remarkable success to the high level of commitment of its Executive Board, the resident and visiting faculty, its administrators, and its alumni. The core team that has made the ISB successful will be deeply involved in the new campus as well. We have groomed high quality talent for the country and I am delighted that we now have the opportunity to groom talent for new growth sectors especially healthcare, manufacturing, infrastructure and public policy.”

Analjit Singh, Chairman & Managing Director, Max India Limited:
“The importance of establishing world-class educational institutions in India cannot be overemphasized. I feel that being a part of the creation of ISB Mohali is a privilege. Such a partnership is a once in a lifetime opportunity. Today’s first step towards creating the ISB Mohali campus is a three-dimensional win for ISB, Government of Punjab and the four Founder Supporters.
The Max Institute of Healthcare Management will impart Industry relevant skillsets to students in this Program to meet India’s growing need for quality healthcare professionals. “

Rakesh Bharti Mittal, Vice Chairman and Managing Director, Bharti Enterprises Limited:
“At Bharti, we have always believed in undertaking transformational projects that have a positive impact on the society while contributing to the nation building process. In today’s rapidly changing environment India needs an institution to promote quality research and education in the area of public policy. With Bharti Institute of Public Policy, our aim is to create the first of its kind world-class institution that will create a talent pool and provide meaningful insights, facilitating the policy making process in various strategic areas. We are delighted that our support to ISB for its second campus in Mohali will benefit the Indian youth, including those in the region, with quality education in Management.”

Sunil Kant Munjal, Managing Director & Chief Executive Officer, Hero Corporate Service Limited:
“Given our strengths in manufacturing, we’ve been looking to promote a centre for manufacturing and operational excellence that would firstly help us replenish our talent pipeline, and secondly, make India’s manufacturing sector globally competitive. In ISB, we have found the right partner to fulfill these objectives.”

Atul Punj, Chairman, Punj Lloyd Group:
Education will play a transformational role in growth and social well being of India and the Punj Lloyd Group is proud to be associated with the Government of Punjab, other Founder Supporters and ISB in this landmark public-private partnership which will play a critical role in generating a huge pool of skilled managers to meet not just India's but also the global skills shortage in the construction industry. I am delighted that the Punj Lloyd's Institute of Physical Infrastructure Management is being set up at the Indian School of Business at Mohali campus which will be a unique institute offering managerial skills in the infrastructure segment."

For further information please contact:

Ms. Bhuvana Ramalingam
Senior Director – Communications
Indian School of Business
+91 9394568016
e-mail: bhuvana_r@isb.edu

www.isb.edu

Second Campus at Mohali Announced- News, Second Campus at Mohali Announced- Indian School of Business (ISB)

Wed, 12 Nov 2008 05:17:31 GMT

Max India Institute of Healthcare Management
Bharti Institute of Public Policy
BML Munjal Institute of Manufacturing and Operation Excellence
Punj Lloyd Institute of Physical Infrastructure Management

For further information please contact:

Ms. Bhuvana Ramalingam
Senior Director – Communications
Indian School of Business
+91 9394568016
e-mail: bhuvana_r@isb.edu

www.isb.edu

ISB hosts a conference for discussing innovative business strategies for emerging India- News, ISB hosts a conference for discussing innovative business strategies for emerging India- Indian School of Business (ISB)

Mon, 15 Dec 2008 12:19:24 GMT

High level participation from 120 international and 45 indian b schools
Indian industry leaders contribute to research
60 Deans from leading international and indian B schools congregate to discuss the future of business education

Hyderabad, December 13, 2008: The Indian School of Business (ISB), in collaboration with the Strategic Management Society (SMS), USA, is organising a high profile international conference from December 12-14, 2008, at the ISB campus, Hyderabad, India. The conference, with the theme "Emerging India: Strategic Innovation in a Flat World," is led by Professor C.K. Prahalad, Paul and Ruth McCracken Distinguished University Professor of Strategy, Ross School of Business, University of Michigan. Professor M B Sarkar, Associate Professor & Stauffer Research Fellow, Fox School of Business, Temple University and Professor Charles Dhanaraj, Associate Professor, Richard Ivey School of Business, University of Western Ohio are the Co-Chairs for this conference.

Speaking on the significance of the conference, Rajat Gupta, Chairman, ISB said, “The ISB’s success story is reflective of the Indian Leadership and Innovation that is increasingly gaining acceptance across the world. The world is looking at a resurgent India and there is an urgent need for business schools to understand and research these practices. I feel that the SMS conference will play an important role in transferring the knowledge of these practices beyond India.”

The conference has attracted high level participation comprising 45 Indian and 120 international business schools across the world. World renowned scholars specialising in ‘Strategy’ will engage with the brightest Indian academics and business leaders for three days of intense interaction, learning, and networking. The conference is a platform to integrate researchers, academic leaders, and business executives in India with their global counterparts to co-learn and co-create a greater enterprise. Renowned academics such as Tarun Khanna, Harvard; Pankaj Ghemawat, IESE, Spain; Harbir Singh, Wharton and Area Leader of Strategy at the ISB; Yves Doz, INSEAD, and others will lead several discussions on issues of globalisation of India Inc, multinational innovations in India, Indian leadership in strategy, etc.

“This is the first time that a conference of this stature is being conducted in India where leading Indian schools are collaborating to promote research,” said M Rammohan Rao, Dean, ISB. “In the past we have looked up to developed countries for thought leadership. I hope the conference generates enough momentum to stimulate a lasting interest in utilising India’s intellectual capability so that we can become a crucible for thought leadership in the future.”

Learning from India Inc

As Indian firms emerge into the global scene, they bring with them their unique brand of innovative practices, which has created the need for re-thinking of strategic tenets. At least 15 CEOs from Airtel, Reliance Petroleum, ICICI, Biocon, GE, Nokia, Satyam Computers, Tata Sons, Bharat Forge, and others who are putting India on the global map and are some of India’s biggest success stories, will engage with world renowned ‘strategy’ scholars to share their experiences and insights and in turn learn from cutting edge research findings from the academics present.

Speaking on the new model of leadership emerging from India, Professor C K Prahalad, said, “Indian companies have responded well to the demands of globalisation and have transformed themselves into strategic global players. The high velocity of change in the Indian setting, unique elements of the Indian environment, and key attributes of our culture have engendered an ‘Indian’ model of leadership. This Indian Leadership model has the potential to be applied anywhere else in the world.”

Deans of leading business schools congregate

About 50 Deans of leading international business schools such as INSEAD, Kellogg, Chicago Graduate School of Business, IESE Business School, HKUST and others will meet Deans of leading Indian business schools such as ISB, IIM- Calcutta, and others for the first time at the Dean’s Conclave. They will discuss the changes in the role and function of business schools and discuss ideas on how to integrate the emerging economies in the process of creating knowledge through research.

Grooming World Class Researchers and Faculty

India’s experience in business innovation for emerging economies offers rich possibilities for learning and research. This calls for a radical transformation in academic research in business schools. The conference has several consortia and workshops – the Doctoral Consortium, the Faculty Consortium and the Senior Faculty Consultative Workshop. These will promote collaborative research amongst senior faculty and provide opportunities for senior faculty to mentor junior faculty and doctoral students. Evaluating and encouraging research ideas, creating peer review processes, building international linkages for faculty exchange, gaining insights on the research and publication process are some of the benefits that will be derived from these interactions. Additionally, the conference will create an excellent opportunity for scholars from other countries to learn about the developments and research opportunities in India.

About the ISB

About the SMS

The Strategic Management Society (SMS) – a professional society for the advancement of Strategic Management is unique in bringing together the worlds of reflective practice and thoughtful scholarship. The Society consists of more than 2,000 members representing a kaleidoscope of backgrounds and perspectives from more than fifty different countries. Members comprising academics, business practitioners, and consultants, focus on the development and dissemination of insights on the strategic management process, as well as on fostering contacts and interchange around the world.

For further information, please contact:

Ms. Bhuvana Ramalingam

Senior Director – Communications

Indian School of Business

Tel.: 91 40 2 318 7431

e-mail: bhuvana_r@isb.edu

Professor Rammohan Rao Steps Down as Dean of ISB- News, Professor Rammohan Rao Steps Down as Dean of ISB- Indian School of Business (ISB)

Thu, 08 Jan 2009 19:37:24 GMT

Hyderabad, January 8, 2009: Professor M Rammohan Rao stepped down as Dean of the Indian School of Business (ISB) today. In a letter to the ISB community, Rao explained the reasons for his decision.

“Unfortunately, yesterday’s shocking revelations, of which I had absolutely no prior knowledge, mean that we are far from seeing the end of the controversy surrounding Satyam Computers. My continued concern and preoccupation with the evolving situation are impacting my role as Dean of ISB at a critical time for the school. Given that my term with the ISB anyway ends in a few months, I think that this is an appropriate time for me to step down.”

The ISB Executive Board accepted Professor MR Rao’s resignation with immediate effect. A Dean Search is already underway since Professor Rao’s tenure was to conclude in June 2009. In the interim, Deputy Dean Ajit Rangnekar, who has been with ISB since 2003, will hold charge as Dean.

Assuring the community of his continued support for ISB, Professor Rao said, “I would like to thank all of you for the support and encouragement you have given me while leading this prestigious institution during the last four and a half years. While my work here remains unfinished, I take great pride in the fact that we have made great strides in attracting high-quality faculty and students to the school. We have established six research Centres of Excellence which are gaining world wide recognition. The Centre for Executive Education has been steadily growing in stature and the school is now financially sound. A significant achievement has been that we were able to put ISB on the global b-school map by attaining the FT-20 ranking.”

“This is a difficult decision for me, given my commitment to ISB, its faculty, students, staff, alumni, research, and academic associates. But, it is precisely this commitment that has convinced me that this decision is in the best interest of ISB.” Professor Rao was appointed as the Dean of ISB in July 2004.

Appreciating Professor Rao’s gesture to resign and recognising his contributions to ISB, Rajat Gupta, Chairman of ISB, assured the ISB community of the Board’s full support in the seamless functioning of the ISB.

“We believe the ISB leadership is well-positioned to take us forward during this period of transition. My fellow Board members and I are fully committed to supporting Ajit and the ISB team in tackling any challenges that you may face. While we recognise this has been a distracting few weeks, I hope to receive your full support in moving ahead to achieve greater heights for ISB,” said Gupta.

About the ISB

For further information, please contact:
Ms. Bhuvana Ramalingam
Senior Director – Communications
Indian School of Business
Tel.: 91 40 2 318 7431
E-mail: bhuvana_r@isb.edu

ISB Does It Again, Achieves Global Ranking of 15- News, ISB Does It Again, Achieves Global Ranking 0f 15- Indian School of Business (ISB)

Tue, 27 Jan 2009 15:29:31 GMT

Hyderabad, January 27, 2009: The Indian School of Business (ISB) has been ranked No: 15 in the global B-school rankings released by the Financial Times, London. Previously, in the year 2008, the ISB was ranked 20 by Financial Times, making it the first Indian business school to be counted among the world’s top 20. This is the second year in a row, when ISB has achieved a high rank among leading international business schools.

“I am very proud of the ISB’s achievement. The high level of commitment of the faculty, students, alumni, and the staff at the ISB as well as the unstinting guidance of its associate schools and the Board, have made it possible for this new institution to overcome many challenges in its formative years,” said Rajat Gupta, Chairman, ISB. “ISB’s vision is to make high quality education accessible to a large number of aspirants and I am delighted that the school is growing steadily to fulfill that vision.”

The ISB was established in 2001 by a group of leading industrialists and academicians from India and abroad. From 126 students in 2001, ISB has steadily increased the number of students year after year. The Class of 2009 will have 440 students graduating in April 2009. ISB will be increasing the number of students to 560 in the Class of 2010. Recently, the ISB also announced the setting up of a second campus at Mohali which is likely to commence classes in 2012.

Congratulating the ISB community, Ajit Rangnekar, Dean, ISB, said, “This is a testimony of the dedication and commitment of our faculty, students, alumni, and staff. ISB’s success is a clear demonstration of how the will, energy, and ambition of a diverse group of people can achieve an overarching vision in a remarkably short time. We owe immense gratitude to our Board, our associate schools, our Faculty Heads from these schools, and the former Deans of ISB, who have guided us through our eventful journey.”

The ISB community gathered at the Atrium to celebrate the occasion. Spouses, students, staff, children, faculty, and alumni expressed their elation jubilantly. Echoing the sentiments of the entire student community, Rohit Kapoor, the President of the Graduate Student Board at the ISB said, “It is fantastic to witness history unfolding at my alma mater! I am amazed at the quality of faculty that teach us and at how much I have learnt and grown in the last few months. We are all extremely proud to be ISBians, ISB Rocks!”

Within a short span of eight years, the ISB has made a mark for itself as a premier, B-School in India. Since its inception, the ISB has been a leader in the field of management education by bringing in international best practices and people. The ISB introduced the one year programme, unique portfolio model of faculty, students with prior work experience and diverse backgrounds, the GMAT score as a selection criterion, lateral placements, international quality research and several other initiatives. Being ranked ‘Fifteen’ among global B-schools is a validation of the ISB’s effort to establish an international B-School located in India.

About the ISB

For further information, please contact:
Ms. Bhuvana Ramalingam
Senior Director – Communications
Indian School of Business
Tel.: 91 40 2 318 7431
E-mail: bhuvana_r@isb.edu

437 STUDENTS GRADUATE FROM THE ISB'S CLASS OF 2009, ARUN SARIN, EX-VODAFONE CHIEF, IS THE CHIEF GUEST- News, 437 STUDENTS GRADUATE FROM THE ISB'S CLASS OF 2009, ARUN SARIN, EX-VODAFONE CHIEF, IS THE CHIEF GUEST- Indian School of Business (ISB)

Mon, 06 Apr 2009 15:35:59 GMT

Hyderabad April 4, 2009: The Indian School of Business (ISB) celebrated its eighth Graduation Day of the Class of 2009 at its campus today. The class comprising 437 students graduated with honours amidst jubilation and cheer. Present at the occasion were the Chief Guest, Arun Sarin, Chief Executive (Retired), Vodafone Group, Rajat Gupta, Chairman, ISB and Ajit Rangnekar, Dean, ISB. Arun Sarin addressed the gathering and handed over the certificates to students resplendent in their gowns and graduate hats. Witnessing the historic moment in the audience, were the eminent Board members, faculty, parents, friends, and relatives of the students.

The mood at the graduation ceremony was one of enthusiasm and joy. Ajit Rangnekar, Dean, ISB congratulated the Class of 2009 on successfully completing the Post Graduate Programme in Management and said, “You have gained new knowledge, learnt important lessons for life, made lasting friends, and collected memories that will be with you life long. We are very proud of you. I personally admire your tenacity, your resilience, pragmatism and the ability to rise above short term difficulties; you are a very special class indeed. I am sure that you will script your own destiny, that you will build doors when opportunity is slow to knock on your door, that you will go confidently in the direction of your dreams and live the life you have imagined.“

Chief Guest Arun Sarin, spoke about leadership qualities and encouraged the graduating class to aim high for success. Speaking to an animated audience, Rajat Gupta, Chairman, ISB mentioned the ISB being ranked 15th among the top B-Schools in the world by Financial Times, London, he said; “The ISB is now ranked among the best B-Schools in the World. In such a short time, the school has traversed a challenging but rewarding journey, and I am sure the future will unfold many more accomplishments.”

The Rajat Gupta Award for Excellence in Leadership, a special gold medal given to the ISB All Rounder and Best Achiever annually, went to Ashish Handa. Visibly excited at receiving the award, Handa said, “I am delighted! I have had the opportunity to be involved in many different activities at many levels. It is challenging and thrilling to be competing with such smart class mates. The high standards of achievement have helped me to transform myself into a leader. I dedicate this award to my parents.”

The ISB recognises meritorious students for their achievements with special awards. This year the ISB Scholars of Excellence Awards were given to Vivek Lath and Sumit Popli. “It is indeed a big honour to be selected as the ISB Scholar of Excellence from a class of highly competent professionals. ISB has been a life changing experience for me. It provided me with an opportunity to expand my horizons. Faculty at ISB are world-class, they bring a rich mix of industry experience and academic expertise,” said Vivek Lath, the topper of Class of 2009. The top 10 percent of the class made it to the Dean’s List for their distinctive performance in various activities.

Learning at the ISB is not limited to classrooms. This is demonstrated by the students’ response to Professor Dishan Kamdar, who was awarded the “Professor of the Year for Elective Courses”. This award is decided by the students through a system of nominations. The award was given to Professor Kamdar from the students of the Class of 2009 for the exceptional delivery of the course “Negotiation Analysis”. Students were enthralled by the quality of the course and strong conceptual foundations. “The out of classroom exercises he conducted were full of unexpected events that kept us on our toes. His was one of the most engrossing and entertaining classes at ISB,” said Chandrakant Chereddi, one of the students.

The Graduation ceremony concluded with the ceremonial toss of hats by the outgoing Class of 2009. Families and friends were witness to this emotional and proud moment.

About the ISB

The Indian School of Business is a premier management institution established in 2001. In a short span of seven years, the ISB has successfully pioneered several new trends in management education in India and has established itself as a leading B-school across the world. The ISB has a strong pool of research oriented resident faculty and invites high calibre international faculty from reputed B-schools to teach in its Post Graduate Programme in Management/Executive Education Programmes as well as to participate in collaborative research with the resident faculty. The ISB has academic associations with the Kellogg School of Management, The Wharton School, and the London Business School.

For further information, please contact:

Ms Bhuvana Ramalingam
Senior Director – Communications
Indian School of Business
Tel.: 91 40 2318 7431
E-mail: bhuvana_r@isb.edu
www.isb.edu/

SBI IN ASSOCIATION WITH ISB LAUNCHES 'SBI CELL FOR RESEARCH ON PUBLIC SECTOR LEADERSHIP'- News, SBI IN ASSOCIATION WITH ISB LAUNCHES 'SBI CELL FOR RESEARCH ON PUBLIC SECTOR LEADERSHIP'- Indian School of Business (ISB)

Sat, 06 Jun 2009 14:43:46 GMT

Mumbai and Hyderabad, June 4, 2009: The State Bank of India (SBI), in association with the Indian School of Business (ISB) today signed a MoU to set up a Research Cell on Public Sector Leadership in India at the ISB campus. The MoU was signed by Ajit Rangnekar, Dean, ISB and R K Sharma, Chief General Manager of SBI, Hyderabad Circle, in the presence of O P Bhatt, Chairman State Bank Group and other top officials from SBI and Governing Body members from the ISB. The cell titled ‘SBI Cell for Public Sector Leadership’ will function under the aegis of the Centre for Leadership, Innovation and Change (CLIC) at the ISB.

The objective of this ‘SBI Cell for Public Sector Leadership’ at the ISB will be to focus on

Innovation
Change Management
Organisational Transformation • Leadership Comparisons between Public and Private Enterprises, and
Managerial mindsets and risk taking in middle management

Speaking on the occasion, Mr O P Bhatt, Chairman of SBI stated that as part of its CSR activities SBI, set up way back in 1977 a Research and Development Fund with the primary objective of supporting research work relevant broadly to the activities of the Bank/banking industry and the emerging financial scenario. Under the Fund, research grants are extended to universities/reputed academic and research institutions for undertaking research projects. “We are proud to inform you that over the years we have extended research grants to several academic institutions for research projects at various universities.

In one of our on going projects, in 2007-2008, in participation with RBI we had extended grants to the London School of Economics for establishing an Indian Observatory and IG Patel Chair at their Asia Research Centre.

Today, we are proud to be associated with another collaboration - with the Indian School of Business, this time to set up the “SBI Cell for Public Sector Leadership” which will focus on Public Sector Leadership and the various related issues like innovation, change management, organizational transformation, managerial mindsets, etc. which would form the topics for research/case studies/papers undertaken by the Cell. The outputs would be of relevance to industry in general and public sector enterprises in particular”.

Making the announcement, Ajit Rangnekar, Dean, ISB, said, “We are privileged to be associated with the SBI for conducting research on Public Sector Leadership in India. The PSU’s have played a very important role in ensuring Inclusive Growth in India. At the same time they have adapted to meeting global opportunities and challenges. This need for ensuring Inclusive growth, while meeting domestic and global competitive pressures has put enormous leadership demands on the PSU’s.

The ISB will create a knowledge repository on these leadership issues especially in India. The objective of this research cell will be to draw lessons from the performance of the successful PSU’s, identify areas for further improvement in their performance, contribute lessons for the private sector and how they both can work collaboratively towards Inclusive Growth”

Speaking about the need for this research, Prasad Kaipa, Executive Director, CLIC, ISB said, “With the growing success of the PSU’s in the global landscape there is an increased interest in understanding how Indian public sectors lead, innovate and manage change. The SBI Public Sector Leadership Cell is being created to maximise cross organisational learning in ‘PSU leadership community’ with an agenda to research, share best practices and transform the PSU ecosystem.” CLIC at the ISB has been established to bring integral perspectives, understand Indian models of Leadership and Innovation and help organisations to become global leaders

As a part of the launch of the ‘SBI Cell for Public Sector Leadership’ at the ISB, a high profile Executive Roundtable is also being held today. This Roundtable Session has attracted participation from the heads of top 30 PSUs in the country. The session will debate on topics such as – Are Indian PSUs equipped to exploit new opportunities, deal with the new challenges optimally, identify organisational challenges, discuss the role of leadership, and strategy for PSUs to maintain a balance between achieving their objectives of performance as well as social responsibility.

About SBI

The State Bank of India, a 203 year old organization with a net work of over 17600 branches and over 11800 ATMs in the State Bank Group is a premier banking institution in terms of Balance Sheet size, market capitalization and profits. SBI is a financial conglomerate providing ‘Universal Banking’ services within the State Bank Group. The Bank has the largest foreign office network with over 92 offices in 32 countries across all time zones. The Bank has the largest Core Banking network of its kind anywhere in the world. SBI has a market share among Indian Commercial Banks of more than 20% in deposits and advances and the total business growth in FY 08-09 alone is Rs.3, 30, 899.00 crores.

About the ISB

The Indian School of Business is a premier management institution established in 2001. In a short span of seven years, the ISB has successfully pioneered several new trends in management education in India and has established itself as a leading B-school across the world. The ISB has a strong pool of research oriented resident faculty and invites high calibre international faculty from reputed B-schools to teach in its Post Graduate Programme in Management/Executive Education Programmes as well as to participate in collaborative research with the resident faculty. The ISB has academic associations with the Kellogg School of Management, The Wharton School, and the London Business School.

For further information, please contact:

Ms Varshaa Ratnaparke
Manager – Communications
Indian School of Business
Tel.: 91 40 2318 7432 / 939 456 8018
E-mail: varsha_ratnaparke@isb.edu
www.isb.edu/

Smita Pillai / Neha Shah
Integral PR Mumbai
Tel.: 9821929066 / 9769397011
E-mail: smita@integralpr.com
neha@integralpr.com

BIOCON INKS PARTNERSHIP WITH ISB TO LAUNCH THE BIOCON CELL FOR INNOVATION MANAGEMENT- News, BIOCON INKS PARTNERSHIP WITH ISB TO LAUNCH THE BIOCON CELL FOR INNOVATION MANAGEMENT- Indian School of Business (ISB)

Wed, 10 Jun 2009 13:00:53 GMT

Hyderabad, June 8, 2009: Biocon Limited, India's pioneering biotechnology company and the Indian School of Business (ISB) have launched the Biocon Cell for Innovation Management (BCIM) to promote innovation in business. The Cell will be established under the aegis of the Centre for Leadership, Innovation, and Change (CLIC) at the ISB. BCIM at the ISB will help organizations find answers to questions such as the gaps in a company’s ability to innovate, assessing the required understanding to manage and mitigate risks associated with innovation and how to produce high value, high quality, strategic innovation at low cost. Biocon is contributing an initial investment of Rs.1 crore to set up BCIM

Commenting on the new initiative, Kiran Mazumdar Shaw, Chairman & MD of Biocon Ltd., and Executive Board Member, ISB, said, “We have to find new solutions for the unique challenges we face in India and Innovation is the key to forge this. At Biocon, innovation has been our driving force right from inception. I would like the Biocon Cell for Innovation to understand the process of innovation and create and develop champions who will make innovation a part of company culture.”

The partnership between Biocon and ISB further strengthens the trend started by ISB when its founding fathers attracted the support of industry to establish an international quality business school in India. “The ISB ushered in several innovative practices in Indian management education. We are proud to partner with Biocon for setting up a Cell for studying innovation and spreading the knowledge of the process that underlies innovation. It is a befitting partnership for I know that innovation is in Biocon’s DNA. I am confident that this Biocon Cell within the CLIC at ISB will produce high quality research and educational output in business innovation,” said Ajit Rangnekar, Dean, ISB.

The primary objective of the BCIM is to foster innovation and link it to operational excellence. “India and other emerging markets have developed breakthrough ideas in the process of facing challenges unique to their countries. BCIM will focus on understanding and streamlining these knowledge processes through research. We will discover best practices, success stories and processes that have worked for various organisations and prepare a framework that can be implemented by any company across the world,” said Professor Prasad Kaipa, the Executive Director of CLIC at the ISB, who will drive BCIM.

A representative of Biocon, the Executive Director of CLIC, other prominent industry leaders and academics in the area of innovation and strategy will comprise the Board of BCIM. The board will play an advisory and enabling role by providing research ideas that will assist the activities of BCIM to create maximum impact.
Biocon will provide funding over a minimum 10 year period as and when required.

About the ISB

The Indian School of Business is a premier management institution established in 2001. In a short span of seven years, the ISB has successfully pioneered several new trends in management education in India and has established itself as a leading B-school across the world. The ISB has a strong pool of research oriented resident faculty and invites high calibre international faculty from reputed B-schools to teach in its Post Graduate Programme in Management/Executive Education Programmes as well as to participate in collaborative research with the resident faculty. The ISB has academic associations with the Kellogg School of Management, The Wharton School, and the London Business School. www.isb.edu

About Biocon Limited

Established in 1978, Biocon Limited is one of India's premier biotechnology companies. Together with its group companies. Biocon forms a fully integrated biotechnology enterprise, specializing in biopharmaceuticals, custom research and clinical research which deliver products and solutions to partners and customers across the globe. Biocon launched the world's first recombinant human insulin, INSUGEN® in November 2004 using Pichia expression and India's first indigenously produced monoclonal antibody BIOMAb-EGFRTM. Focusing on unmet medical needs in cancer, diabetes and inflammatory diseases, Biocon offers novel therapies on a platform of affordable innovation. Biocon’s strategic licensing partnerships provide market penetration and global access to deliver breakthrough therapeutics to millions of patients the world over.

Visit us at www.biocon.com

For further information, please contact:

Ms Varshaa Ratnaparke
Manager – Communications
Indian School of Business
Tel.: 91 40 2318 7432 / 939 456 8018
E-mail: varsha_ratnaparke@isb.edu
www.isb.edu/

IBM AND ISB LAUNCH MAJOR SERVICES INITIATIVE IN INDIA- News, IBM AND ISB LAUNCH MAJOR SERVICES INITIATIVE IN INDIA- Indian School of Business (ISB)

Thu, 27 Aug 2009 17:16:10 GMT

IBM and the Indian School of Business (ISB) today signed a Memorandum of Understanding (MoU) for joint research to develop a first-of-its-kind ‘Research on Service Science, Management and Engineering” (SSME) in India. As part of this initiative, ISB and IBM will create cutting edge research and develop case studies to streamline service processes and replicate them across industries.

"We are at an incredible tipping point for the world economy and it's all around   innovation,"   said   Nick Donofrio, Executive Vice President, Innovation and Technology, IBM Corporation.   "Innovation requires new skills to ensure that people, countries and economies remain competitive in this globally integrated world, and by investing in initiatives like Service Science, Management and Engineering, IBM and India will provide those skills."

Signing the MoU, Professor Rammohan Rao, Dean, ISB said, “A strong industry –academia partnership is extremely important for us to provide management education that is relevant and current. I am sure that IBM and the ISB together can conduct cutting edge research that will be immediately applicable in India, and also successfully replicated elsewhere in the world. The ISB is proud to be associated with IBM for pioneering this research in India.”

“The aim of this agreement is to support ISB to open the SSME Program which includes high-end research, development of case studies and curriculum for the Executive Education and the Post Graduate Program in Management with the help of IBM so that the discipline of service science can be developed and lead to nurturing specialized human resources,” said Dr. Daniel M Dias, Director, IBM India Research Laboratory.

Professor Viswanadham, Executive Director, Centre for Global Logistics and Manufacturing Strategies (GLAMS) at the ISB said, ”With 30 % of our economy dependent on it, the service sector plays a very important role in the Indian economy. The Centre for Global Logistics and Manufacturing Strategies will explore innovative possibilities to streamline, transform and automate processes and develop human resources to deliver services more efficiently. The study will focus on service chains connected with ITES, Retail, Textiles, Logistics, Supply Chain Finance, Human Resource Management, Business Services and others.”

Service Science, Management and Engineering:

The world economy is experiencing the largest labor force migration in history, driven by an environment altered by broader global communications, growth of emerging markets and technology innovation. Services now accounts for more than 50 percent of the labor force in Brazil, Russia, Japan and Germany and over 75 percent of the labor force in India, the United States and the United Kingdom. This shift to services has created a skills gap, especially   in   the area of high value services, and many leading universities across the globe have begun exploring and investing in this area, working in tandem with thought leaders in the business world.

The new interdisciplinary academic field "Service Science, Management and Engineering," or SSME, aims at studying, improving and teaching services innovation. The goal of the SSME discipline is to drive productivity, quality, and sustainability of services, while making the learning rates and innovation rates more predictable across the service sector, especially in complex organization to organization services including business to business, nation to nation and government to population. This new academic discipline brings together ongoing work in fields of computer science, operations research, industrial engineering, business strategy, management sciences, social, cognitive and legal sciences, to develop skills required in a services-led economy.

This first-of-a-kind SSME collaboration in India, offers an academic way of understanding interactions between client and provider, using a mix of scientific and business concepts to focus on areas that might not be core in either a Masters of Business Administration or computer-science program.

Since 2004, IBM has spearheaded a series of initiatives, inviting hundreds of faculty from universities around the world, in a call to action. Many leading universities across the globe have begun exploring and investing in this area, working in tandem with thought leaders in the business world. This services science initiative will strengthen IBM’s ability to help develop future services skills in this region while providing solutions to meet   the needs of the evolving Indian economy in an increasingly services-based worldwide economy.

About IBM

For more information about IBM, go to: www.ibm.com

About the ISB

The Indian School of Business is a research-oriented independent management institution that grooms future leaders for India and the world. Its association with the Kellogg School of Management, The Wharton School, and London Business School make it one of its kind in Asia. The School offers a one-year Post Graduate Programme; short-duration, high-powered Executive Education programmes for CEOs and senior executives; and a two-year Research Fellowship Programme. The origins and distinctive research of our faculty members ensure that our programme content is contemporary and global in its perspective, and develops our students’ understanding of modern management opportunities and challenges.

For further information please contact:
Bhuvana Ramalingam
Director- Communications
Indian School of Business
Tel: 9394568016
e-mail: bhuvana_r@isb.edu

ISB HOSTS 21ST ANNUAL MANAGEMENT EDUCATION CONVENTION OF AIMS- News, ISB HOSTS 21ST ANNUAL MANAGEMENT EDUCATION CONVENTION OF AIMS- Indian School of Business (ISB)

Fri, 28 Aug 2009 08:02:27 GMT

Hyderabad, August 27, 2009: The Indian School of Business (ISB) is hosting the 21st Annual Management Education Convention of the Association of Indian Management Schools (AIMS) from August 27 – 29, 2009 at the campus. The theme for this year’s Convention is ‘Leading in Turbulent Times – Role of Management Education’. The event has attracted participation from Heads of over 60 B Schools in India.

The convention will be inaugurated by Smt D Purandeswari, Honourable Minister of State for Human Resource Development, Government of India. Captain Gopinath, Chairman and Managing Director of Deccan Cargo and Express will deliver a Special Address at the inaugural ceremony. Professor Dipak Jain, Dean, Kellogg School of Management will deliver the Valedictory Key Note on ‘Globalisation of Management Education and the Indian Context’ on the concluding day of the Convention.

Speaking about the significance of the Convention, Ajit Rangnekar, Dean ISB and Convention Chair, AIMS 2009 said, “ISB is proud to host this convention, which will act as a platform for Indian B schools to exchange ideas and explore opportunities to work together to develop a pool of research - oriented faculty, enhance the quality of management education and contribute to addressing the nation’s challenges”.

Outlining the objective of the Convention, Dr Shefali Gautam, President, AIMS said, “I believe this convention shall help our member institutes to devise a road map for the Indian B-Schools on the role of management education so as to effectively deal with the turbulent times and lead the industry with best management practices”.

“Over the years, AIMS has grown into a powerful network with 430 management schools in India. I believe that this network will influence B-Schools to examine their role in grooming students who will lead businesses in the future”, said Dr Uday Salunkhe, Past President, AIMS.

The objective of this convention is to discuss on the role of management education in the current economic scenario. It will focus on key themes such as –

• A New Agenda for Governance in B-Schools,
• Role of Management Education in inculcating Ethics and Corporate Social Responsibility
• Managing and Investing in People
• Culture building and a reality check on Pay and Placements.

The Convention will have several panel discussions with participation from academia and the industry. AIMS Convention aspires to debate on new ideas and elicit answers on how management schools can play a more constructive role in leading in turbulent times and the way forward.

About AIMS

The Association of Indian Management Schools (AIMS), a non-profit professional organization, which was founded in 1988, has grown into a powerful network with over 400 management schools in India. The annual convention typically attracts Deans / Directors, academicians and industry representatives from across the country.

About ISB

The Indian School of Business is a premier management institution established in 2001. In a short span of eight years, the ISB has successfully pioneered several new trends in management education in India and has established itself as a leading B-school across the world. The ISB has a strong pool of research oriented resident faculty and invites high calibre international faculty from reputed B-schools to teach in its Post Graduate Programme in Management/Executive Education Programmes as well as to participate in collaborative research with the resident faculty. Recently, ISB was ranked 15 in Global B-School Rankings 2009 by Financial Times, London.

For further information, please contact:

Ms Varshaa Ratnaparke
Manager – Communications
Indian School of Business
Tel.: 91 40 2318 7432 / 939 456 8018
E-mail: varsha_ratnaparke@isb.edu
www.isb.edu/

ISB LAUNCHES 'IDIYA' - A B- PLAN CHALLENGE FOR WORKING PROFESSIONALS- News, ISB LAUNCHES 'IDIYA' - A B- PLAN CHALLENGE FOR WORKING PROFESSIONALS- Indian School of Business (ISB)

Wed, 09 Sep 2009 10:22:07 GMT

Hyderabad, September, 8, 2009: The Indian School of Business (ISB) has launched ‘ISB Idiya’ - a unique initiative that invites ideas for innovative social ventures from working professionals in India. The competition is not open to students who are pursuing any full time programme. The competition is being led by students of the Net Impact – a social responsibility club at the ISB.

Speaking on the significance of ‘ISB Idiya’, Ajit Rangnekar, Dean, ISB, said, “We would like to encourage social entrepreneurship amongst youth in India through ISB Idiya. We hope that new age business models from young people will change the social sector scenario in India. This initiative will support aspiring entrepreneurs from idea generation to execution through mentorship and entrepreneurial training.”

The event was launched by Vijay Mahajan, Chairman and Founder of Basix. “The world of business is not always about maximising social good. If you want to work with social entrepreneurship, the fuel for this has to be commercial,” he said He also spoke on the role of business schools in providing the right fertile ground for potentially sound social venture since they straddled the world of economy, enterprise and policy.

The business plans will be evaluated on the following criteria:

• Social Business Context
• Business Plan and Innovativeness
• Financial Sustainability and Profitability
• Social Impact

The top five winning teams comprising of two to four participants would be provided a one week Boot Camp where they will network with industry leaders, venture capitalists and mentors. They will also receive mentoring support after the competition. Applications are invited from September 1 to October, 25, 2009. The boot camp for winners will take place from December 5 to 11, 2009. ISB Idiya has associated with Acumen Fund, Google, Deloitte, Draper Fisher Jurvetson, Intellecap, Seedfund, Unitus, and Venture East as partners.

The Net Impact Club at the ISB is the first in Asia. Net Impact began in 2003 when a network of new generation leaders committed themselves to use the power of business to improve the world. Over the years, the Club has devoted itself to community service, spreading social awareness, fund-raising activities and working for the needy and the underprivileged.

About ISB

The Indian School of Business (ISB) is a premier management institution established in 2001. In a short span of eight years, the ISB has successfully pioneered several new trends in management education in India and has established itself as a leading B-school across the world. The ISB has a strong pool of research oriented resident faculty and invites high calibre international faculty from reputed B-schools to teach in its Post Graduate Programme in Management/Executive Education Programmes as well as to participate in collaborative research with the resident faculty. Recently, ISB was ranked 15 in Global B-School Rankings 2009 by Financial Times, London

For further information, please contact:

Ms Varshaa Ratnaparke
Manager – Communications
Indian School of Business
Tel.: 91 40 2318 7432 / 939 456 8018
E-mail: varsha_ratnaparke@isb.edu
www.isb.edu/

IBM and ISB Partner to Create Research 'Collaboratory' for Service Science- News, IBM and ISB Partner to Create Research 'Collaboratory' for Service Science- Indian School of Business (ISB)

Mon, 14 Sep 2009 15:18:21 GMT

India, September 14, 2009 -IBM (NYSE: IBM) and the Indian School of Business (ISB) announced today that they have established a research ‘Collaboratory’ at the ISB campus for furthering research in service science. IBM and ISB have been working closely on service science research for the last few years. This Collaboratory marks the beginning of a new phase of an expanded relationship between the two organisations.

Speaking on the setting up of the Collaboratory, Ajit Rangnekar, Dean, ISB, said, “We expect Services Management to be a huge area of focus for leading companies, and we are delighted to collaborate with IBM on this initiative. In keeping with the ISB’s emphasis on research, we believe our association will develop innovative solutions to enhance the way services are rendered."

An IBM Collaboratory is a laboratory where IBM researchers co-locate with a university, government, or commercial partner to share skills, assets, and resources to achieve a common research goal.

Speaking on the need for this Collaboratory, Dr Guruduth Banavar, Director, IBM Research – India, said, “Innovation is needed to address the world’s greatest challenges and opportunities; and the responsibility must be shared among industry, government and academia. Meeting market demands for higher service quality and innovation while increasing the efficiency of service delivery requires deep insight into advances in information technology and management sciences. This Collaboratory will expand our expertise in these areas to further differentiate IBM’s services offerings in the global marketplace.”

The newly established Collaboratory for service science will initially have a team of 10 full-time researchers, five each from ISB and IBM Research – India. The team will focus on developing foundational techniques in service science, including the modeling, measurement, and optimization of “service systems”.

Service research is multi-disciplinary and many variations exist today within the domains of management, operations research, and economics to name a few. While most of the existing work has focused on business-to-consumer services, the focus of this research is on business-to-business services.

ISB and IBM
In February 2007, IBM and ISB signed an MoU for joint research on Service Science, Management, and Engineering (SSME) in India. In May 2008, IBM India and ISB signed the first Open Collaborative Research agreement in Asia aimed at improving the competitiveness of the services sector in the region. The joint research resulted in holding workshops, publishing research papers and tutorials in the area of service science. This Collaboratory is the next step forward in their joint exploration of the area of service science.

About IBM
For more information about IBM Research, please visit: www.research.ibm.com

About ISB
The Indian School of Business (ISB) is a premier management institution established in 2001. In a short span of eight years, the ISB has successfully pioneered several new trends in management education in India and has established itself as a leading B-school across the world. The ISB has a strong pool of research oriented resident faculty and invites high calibre international faculty from reputed B-schools to teach in its Post Graduate Programme in Management/Executive Education Programmes as well as to participate in collaborative research with the resident faculty. Recently, ISB was ranked 15 in Global B-School Rankings 2009 by Financial Times, London

ISB SETS UP A UNIQUE CASE DEVELOPMENT CENTRE- News, ISB SETS UP A UNIQUE CASE DEVELOPMENT CENTRE- Indian School of Business (ISB)

Fri, 30 Oct 2009 17:54:57 GMT

COLLABORATES WITH RICHARD IVEY SCHOOL OF BUSINESS
CENTRE TO DEVELOP AND DISTRIBUTE INDIAN CASE STUDIES GLOBALLY
TRAIN, SUPPORT AND MENTOR FACULTY FROM OTHER INDIAN B SCHOOLS

Hyderabad, October 30, 2009: The Indian School of Business (ISB) today formally announced the setting up of a Centre for Case Development at the ISB. The announcement was followed by signing of a MoU with the Richard Ivey School of Business (Ivey), The University of Western Ontario, to enhance case writing capabilities among Indian academia, and also to distribute these cases worldwide. The MoU was signed by Ajit Rangnekar, Dean, ISB and Carol Stephenson, Dean, Ivey.

The Centre will support and mentor faculty and research scholars from B Schools in India through a comprehensive process of case development - from generating ideas to publishing case studies globally.

Signing the MoU, Dean Rangnekar, said, “Indian companies have, in this past decade, developed new business models that have the potential to be replicated in other parts of the world but there is a significant shortage of case studies to understand these best practices. With its academic and industry affiliations, the ISB will support and mentor faculty from other B Schools in India, to create a knowledge repository of case studies for India and the world.”

The ISB’s knowledge of best practices in India combined with Ivey’s vast experience in producing global case studies will ensure that case studies produced by the Centre comprise indigenous learning and global methodologies. Ivey is the second largest producer of case studies and the leading producer of Asian cases globally

Elaborating on this association, Dean Stephenson, said, “We are proud to be partnering with ISB in an ambitious case development and training programme which will transform the educational environment in India. In so doing, Ivey will also be able to bolster its own capabilities in managing in emerging markets.”

The Centre is currently developing case studies on corporates, planning bodies, NGOs, SMEs and sports organisations among others. It will enable B School faculty in India to create cutting edge research to teach students and executives, and bring an Indian perspective in B-school curriculum across the globe. The Centre has already conducted workshops and trained several management faculty on case writing and teaching. In addition it has created a network of high quality free lance case writing professionals across the country to assist faculty in developing cases. It aspires to build a pool of about 350 case writing faculty and research scholars in India by the next academic year.

In addition to Ivey, the Centre is also working with international B Schools like Darden, University of Virginia, to publish collaborative cases

About ISB

The Indian School of Business is a premier management institution established in 2001. In a short span of eight years, the ISB has successfully pioneered several new trends in management education in India and has established itself as a leading B-school across the world. The ISB has a strong pool of research oriented resident faculty and invites high calibre international faculty from reputed B-schools to teach in its Post Graduate Programme in Management/Executive Education Programmes as well as to participate in collaborative research with the resident faculty. Recently, ISB was ranked 15 in Global B-School Rankings 2009 by Financial Times, London

About Richard Ivey School of Business, The University of Western Ontario

The Richard Ivey School of Business at The University of Western Ontario is one of the top business schools in the world. Ivey offers undergraduate and graduate MBA, Executive MBA and PhD degree programmes, in addition to Executive Development programmes. Ivey established Canada's first MBA programme. The School has campuses in London (Ontario), Toronto, and Hong Kong. Ivey is differentiated by its focus on real-world leadership and its case method of teaching.

For further information, please contact:

Ms Varshaa Ratnaparke
Manager – Marketing and Communications
Indian School of Business
Tel.: 939 456 8018
E-mail: varsha_ratnaparke@isb.edu
www.isb.edu/

ISB launches PGPMAX - a Post Graduate Programme in Management for Senior Executives- News, ISB launches PGPMAX - a Post Graduate Programme in Management for Senior Executives- Indian School of Business (ISB)

Fri, 04 Dec 2009 10:44:25 GMT

New Delhi/Hyderabad, December 03, 2009: The Indian School of Business (ISB) announced the launch of PGPMAX - a Post Graduate Programme in Management for Senior Executives. The programme incorporates best practices and knowledge from Kellogg School of Management and The Wharton School. It will be offered part time over a period of 15 months and is specifically designed for senior industry executives with an average work experience of 15 years. These senior executives are high performing employees who are being groomed by their organisations to move into leadership roles.

Announcing the programme, Ajit Rangnekar, Dean, ISB said, “Eight years after the successful launch of the one-year programme, the ISB is now launching PGPMAX, a post graduate programme for senior industry executives. Consistent feedback from the industry leaders over the years revealed the need for developing a leadership pipeline, and this has been the driving force for us to create this ambitious programme. I am confident that PGPMAX too will break new ground in management education in India”.

PGPMAX is intended for senior executives who have excelled in functional domains such as finance, marketing, sales, operations, healthcare, information technology, customer service and are now aspiring to move into general management positions. The part time model of the programme supports these senior executives to pursue a post graduate programme in management equivalent in rigour and content to an EMBA without having to leave their jobs. The programme design also ensures that location will not be a constraint for participants to take up this course. They will participate in classroom sessions of six days every six weeks, over the 15-month duration Explaining the need for such a programme, Deepak Chandra, Associate Dean, Centre for Executive Education at the ISB said, “Indian industry is growing rapidly and needs more leaders who are well versed in general management to be able to lead and sustain this growth. But the reality is that the industry faces a severe crunch of such talent and needs to groom high performers to move into such leadership positions. We believe that PGPMAX will play the role of a catalyst in transforming these seasoned executives into business leaders in the near future.”

PGPMAX will have leading faculty from top B schools and industry experts around the world bringing in latest business practices that can be applied immediately by these executives in their respective organisations. The diverse expertise of the participants themselves will be a significant value-add to the classroom learning. The PGPMAX also includes an international immersion as a part of the course. During the immersion, participants will attend classes at Kellogg School of Management and The Wharton School, visit companies abroad and meet international industry leaders. Through the immersion programme, participants will get to enhance their global sensitivities and reinforce their understanding of global business practices in different countries

Executives aspiring to apply to the PGPMAX need to possess a bachelor’s degree and minimum of 10 years of full time work experience. Participants will undergo a rigorous selection process and will be evaluated on the following parameters:

Quality of work experience
Evidence of Professional Success
Business Leadership Potential
Analytical and Communication Skills

The PGPMAX expects to attract participants not just from large private corporations, but also from PSUs, NGOs, SMEs and family run businesses. The programme will commence from June 2010 onwards at the ISB campus at Hyderabad.

About ISB

Indian School of Business is a premier management institution established in 2001. In a short span of eight years, the ISB has successfully pioneered several new trends in management education in India and has established itself as a leading B-school across the world. The ISB has a strong pool of research oriented resident faculty and invites high calibre international faculty from reputed B-schools to teach in its Post Graduate Programme in Management/ Executive Education Programmes as well as to participate in collaborative research with the resident faculty. ISB was ranked 15 in Global B-School Rankings 2009 by Financial Times, London.

For further information, please contact:

Mr Sriram Gopalakrishnan
Head – Marketing and Communications
Indian School of Business
Tel.: 939 456 8030
E-mail: Sriram_gopalakrishnan@isb.edu
www.isb.edu

Ajit Rangnekar Appointed Fourth Dean of the ISB- News, Ajit Rangnekar Appointed Fourth Dean of the ISB- Indian School of Business (ISB)

Mon, 11 Jan 2010 15:59:47 GMT

• TERM OF FIVE YEARS , WITH IMMEDIATE EFFECT
• TO LEAD THE ISB IN THE SECOND PHASE OF ITS GROWTH

Hyderabad, January 11, 2010: The Executive Board of the Indian School of Business (ISB) confirmed the appointment of Ajit Rangnekar as the Dean of the ISB for a term of five years, with immediate effect. At the Executive Board meeting in Mumbai on Friday, January 8, 2010, there was unanimous support for naming Rangnekar as the new Dean. Several candidates were reviewed for the position of the Dean ever since it fell vacant in January 2009. The Executive Board, based on the recommendations of the Dean Search committee, and extensive discussions with the faculty, students, alumni, partner schools, and other key stakeholders, found Ajit Rangnekar to be the best suited for the job.

Making the announcement on behalf of the Board, Rajat Gupta, Chairman, ISB, said: “We could not have asked for a better outcome. Ever since Ajit joined the ISB nearly 7 years ago, he has become indispensable to the school. He has played a crucial role in the school’s growth over the years, and embodies the ISB’s vision and values in everything he does. We are excited and privileged that he has accepted this responsibility, and extend to him our full support in strengthening the ISB’s position as a top ranked global B School.”

The former Dean of the Kellogg School of Management, and a member of the search committee for the selection of the ISB Dean, Professor Dipak Jain said, “The ISB, in the present stage of its evolution, has the opportunity of becoming a pivotal school in the emerging region. In Ajit Rangnekar, we have found someone with a keen understanding of the business of B School education, rich experience in the Asian region, and above all, a zealous conviction in making business schools relevant to the communities that they operate in.”

Speaking on his appointment, Ajit Rangnekar, Dean, ISB, said “I have always been passionate about the ISB and its vision, and am proud to have been a part of its growth over the years. It is indeed an honour to be entrusted with the responsibility of leading the school in the next phase of its growth. In the coming years, we will continue to strengthen our faculty pool, enhance our research capabilities, and focus extensively on making ISB the best in the world on issues of fast emerging economies. In this journey, I am grateful to have the continued support of the entire ISB community.”

Ajit Rangnekar has a background spanning over thirty years in Consulting and Industry, across different countries in Asia. Prior to being formally appointed the Dean, he was the Deputy Dean of the school from March 2003 to January 2009. Before joining the ISB, he was the Country Head, first for Price Waterhouse Consulting and then for PwC Consulting, in Hong Kong and the Philippines. He was head of the Telecom and Entertainment Industry Consulting practice for PwC in East Asia (China to Indonesia). Rangnekar completed his undergraduate degree from the Indian Institute of Technology, Mumbai, and Post Graduation in Management from the Indian Institute of Management, Ahmedabad.

The ISB was established in 2001 and, over the years, has made rapid strides towards achieving its vision of becoming an independent top ranked global B School. Some of the highlights in its journey are:

• Globally acclaimed Post Graduate Programme in Management; ranked 15th in the Financial Times Global Top MBA Programmes 2009
• Largest provider of Executive Education in India, and among the largest in Asia
• Several research publications by faculty in top tier international journals
• Centres of Excellence in seven specialised areas
• Case Development Centre focusing on emerging markets
• Several illustrious Alumni making a mark in business, both in India and abroad

For further information, please contact:
Sriram Gopalakrishnan
Head – Marketing and Communications
Indian School of Business
Tel.: 939 456 8030
E-mail: Sriram_gopalakrishnan@isb.edu
www.isb.edu

Ajit Rangnekar, Dean, Indian School of Business

ISB ranked 12 in Global B-school rankings- News, ISB ranked 12 in Global B School rankings- Indian School of Business (ISB)

Mon, 25 Jan 2010 15:10:39 GMT

FT Global MBA Rankings 2010

Hyderabad, January 25, 2010: The Indian School of Business (ISB) has been ranked No: 12 in the global B-school rankings released today by the Financial Times, London. This is the third successive year that the ISB has featured among the top 20, in the list of top 100 B-schools in the world. Previously, ISB was ranked 15th in 2009 and 20th in 2008.

“We began with the idea of creating a school in India that would rank among the best in the world. Today, I am delighted that the ISB is consolidating its position as a top-ranked global business school. To receive this news on the eve of the completion of 60 years of the Indian Republic makes it all the more special. I congratulate the entire ISB community on this success” said Rajat Gupta, Chairman, ISB.

Echoing this sentiment, Ajit Rangnekar, Dean, ISB said, “This is indeed a proud moment for the ISB. Our goal has always been to pursue excellence in education and research. As an outcome of this effort, we accept any ranking that we get with humility, and rededicate ourselves to this goal. I would like to thank our alumni, our faculty, students, staff, our board, our associate schools, industry and our well wishers for contributing to this continuing success.”

The ISB was established in 2001 with the launch of its pioneering Post Graduate Programme in Management (PGPM). From an initial class of 126 students, the school has grown successively over the years, and currently has 570 students in the class of 2010. The school has over 2300 alumni who are making a strong impact in business and industry. The school has also established itself as a leader in Executive Education through its programmes designed and delivered for private and public sector corporations, small and medium enterprises, and central and state governments. The ISB faculty research papers are consistently published by top ranked peer reviewed international journals.

After a successful first phase of growth, the ISB has now entered its second phase of growth and expansion. It recently launched its second Post Graduate Programme in Management for Senior Executives (PGPMAX), which has generated a lot of interest among senior business professionals. It will soon set up its second campus in Mohali, Punjab. The first academic session at the ISB campus in Mohali is expected to commence in 2012.

The list of top 20 B-schools this year:

For further information, please contact:
Sriram Gopalakrishnan
Head – Marketing and Communications
Indian School of Business
Tel.: 939 456 8030
E-mail: Sriram_gopalakrishnan@isb.edu
www.isb.edu

ISB Launches ' AIKYA' - The Host Family Network- News, ISB Launches ' AIKYA' - The Host Family Network- Indian School of Business (ISB)

Fri, 29 Jan 2010 15:25:12 GMT

July 24, 2003: The Indian School of Business announced the launch of ‘ AIKYA ’ – it’s unique host family network initiative.

Some of Hyderabad’s best known families are involved in this endeavour. ‘ AIKYA ’ was formally launched by Ms. Bhuvaneshwari Naidu. The core committee of ‘ AIKYA ‘ includes Ms D Ashok, Ms. Suchitra Ella, Ms. Anjana Patodia, Ms. Anuradha Prasad, Ms. Aparna Reddy, Mr Niraj Gelli, and Mr V Suneel Naidu.

Speaking at the launch at the ISB Campus, Professor Mahajan said, “ ISB has always emphasized the holistic development of each individual. “AIKYA ’ is just another step in that direction. We want our students to have fond memories of Hyderabad and experience the warmth of the wonderful families here first hand. We are fortunate to have so many amazing families who have opened their hearts and their homes to us.”

‘AIKYA ‘ aims to introduce ISB students to the culture of Hyderabad. Through the Network, ISB students will get a chance to make a connection with the city’s citizens, get a feel of its corporate arena and discover its resplendent cultural past. It will also familiarise the students with the ‘Hyderabadi’ way of life—and home-cooked food and fun – over festivals, holidays and weekends.

ABOUT THE ISB
The Indian School of Business is a research-oriented independent management institution that grooms future generations of business leaders. Its association with the Kellogg School of Management, The Wharton School and London Business School make it one of its kind in Asia. The School offers a one year Post Graduate Programme, (equivalent to an MBA) and short-duration, high-powered Executive Education programmes for CEOs and senior executives. The School's faculty are leading teachers and researchers recognised for their scholarship, innovation, relevance and the international impact of their work.

Contact:
Ms. Bhuvana Ramalingam
Director – Communications
Indian School of Business
Tel.: 91 40 2 318 7431
email: bhuvana_r@isb.edu www.isb.edu

ISB's unique initiative for Indian B School Faculty- News, ISB's unique initiative for Indian B School Faculty- Indian School of Business (ISB)

Thu, 11 Mar 2010 10:59:45 GMT

Hyderabad, March 10, 2010: The Indian School of Business (ISB) recently organised a workshop for faculty members from leading Business Schools in India. This was the first event as part of a unique initiative by the ISB to introduce cutting edge practices in management education across B schools in India. The workshop was in the area of Marketing Analytics, and had over fifty faculty registrants from across 25 leading B Schools in the country.

Speaking on the need to enhance the quality of management education in India, Ajit Rangnekar, Dean, ISB, said, “India will need many more high quality management graduates to sustain its high growth, and also to make it inclusive. To do this, what we need is collaboration, not competition, so that Indian management education wins, and as a consequence, all of us do. We are making this investment with the conviction that it will produce positive returns for Indian management education, and ultimately, raise the standards of all Indian B schools.”

Professor Gary Lilien, from Pennsylvania State University, USA, who led the workshop on Marketing Analytics said, “I am delighted that the ISB, through this initiative, both encouraged and hosted this workshop. I expect this initiative to pay great dividends for Indian business education as a whole.”

The participants in the workshop comprised marketing faculty members from several Indian Business schools including IIMs, SPJIMR, BITS Pilani, IRMA, IIFT, IMT Ghaziabad, among others. They spent the entire day at the ISB exploring innovative techniques that could enhance their teaching delivery. “A great initiative by the ISB to help the teaching fraternity in India,” remarked Dr Mridula S. Mishra, Assistant Professor, Indian Institute of Foreign Trade (IIFT), New Delhi. Echoing this sentiment, Dr. Saji Nair, Professor of Marketing at IIM Lucknow said “The workshop provided a wonderful opportunity to walk through the many possibilities in teaching analytical marketing.”

Professor Arun Pereira, Head - Initiative for Excellence in Teaching and Learning, ISB said “India has the potential to become the destination of choice for management education tomorrow, if we take the right steps today. After all, the vast majority of growth markets are in this part of the world, and it will be in everybody’s interest that India becomes home to top quality B schools.” He added, “The ISB will continue to organise such workshops that will act as a forum for faculty to imbibe global best practices, collaborate, network, and share their classroom experiences.”

The workshops will vary in scope, and address different aspects of management education, from classroom content to delivery. Workshops planned include those in case teaching and simulations, as well as those in the functional topics, such as the just-concluded workshop on marketing analytics.

About ISB

Indian School of Business is a premier management institution established in 2001. In a short span of nine years, the ISB has successfully pioneered several new trends in management education in India and has established itself as a leading B school across the world. The ISB has a strong pool of research oriented resident faculty and invites high calibre international faculty from reputed B schools to teach in its Post Graduate Programme in Management/ Executive Education Programmes as well as to participate in collaborative research with the resident faculty. ISB was ranked 12 in Global B School Rankings 2010 by Financial Times, London.

For further information, please contact:

Sriram Gopalakrishnan Head – Marketing and Communications
Indian School of Business
Tel.: 939 456 8030
E-mail: Sriram_gopalakrishnan@isb.edu
www.isb.edu