October 2012 - IMT

Radius, Volume I October 2012Director’s MessageOne of the key aspects that make a business school strong and recognized is itsinternational linkages.I take pride in the fact that the Institute ofManagement Technology (IMT), Ghaziabad has astrong team in the International Relations Office thathas created and nurtured relationships with over 65partners within 7 years.At IMT, we encourage our students to study abroadand embrace a different environment and culture.We’re always amazed and excited by theoverwhelmingly positive response from them.Moreover, the international students who come andstudy at IMT always take back great memories andlearning. This mutual exchange of students, facultymembers and research papers creates a vast pool ofknowledge that is very difficult to find in any otherbusiness school. I am glad to see such linkages andfirmly believe that we’re on the path of becoming aninternationally known brand.In order to further our aim of having strong international linkages, we’ve decided to collatea number of articles which describe the variousThis mutual exchangeof students, facultiesand research paperscreates a vast pool ofknowledge that isvery difficult to findin any otherbusiness schoolpartnerships, programs, conferences and exchanges we’veinitiated with our esteemed partners in the form of anewsletter. This newsletter, aptly named Radius, will becirculated to all of our global partners which will enablethem to gain an insight into our international program.This issue particularly highlights the 7th Annual Conferenceof the Global Business School Network which IMTGhaziabad was proud to host. The event set a newmilestone in that it was not only the first of its kind to beheld in India, but in Asia as well. I was honored to be a partof the discussions on the theme of ‘Making the Connection’and feel that the honorable speakers gave us a lot to thinkabout.I hope that you enjoy reading the newsletter and we hopethat we are successful in our aim of strengthening old ties and forging new ones.Dr. Bibek BanerjeeDirector, IMT Ghaziabad1

Radius, Volume I October 2012Message from the Associate Dean –International RelationsSince the inception of the International Relations Office at IMT, we have always strived tobe at the top and have repeatedly achieved the same in the past years.IMT is recognized for its exchange programs, a factwhich is corroborated by IMT being ranked 2 nd forinternational linkages among the b-schools in India byCNBC. About 100 students and 1/3rd of the facultyget the opportunity to go abroad for a term in anacademic year and the intake of foreign students andprofessors is similar.We have hard-working students and employees whohelp us achieve these figures and nurture ourinternational relations. The growth in the number ofpartners of IMT has been tremendous and isincreasing exponentially every year. Achieving somuch in just a few years has been truly rewardingand it has encouraged us to keep growing andcontinue to be the best International Relations Office in India.We have hardworkingstudents andemployees who helpus achieve thesefigures and nurtureour internationalrelationsApart from working on our exchange programs, we’ve alsoworked to establish new and exciting programs incollaboration with our partners. For instance, we recentlyinaugurated the Doctor of Business Administration (DBA)program, the first of its kind in India, in association with theGrenoble Ecole de Management (GEM), France. This wasdone to give the executive talent in India an opportunity toleverage their rich and deep experience at work to obtain aglobally renowned Doctoral degree without leaving their jobsin India.We’ve also been successful in establishing a Joint MBAprogram with ISS International Business School of Service Management (ISS), Hamburg. Theduration of the program will be 2 years and it will offer a specialization in the area of ServiceManagement. This issue of Radius will give our partners a greater insight into these newinitiatives and will also throw some light on some of the other activities of internationalinterest here at IMT Ghaziabad.Dr. Jayanthi RanjanAssociate Dean, International Relations2

` New international partnerships for the currentacademic year:• Leipzig Graduate School of Management,Germany• University of Haifa, Israel• Copenhagen Business School, Denmark• Sampoerna School of Business, Indonesia• Grenoble Ecole de Management, France(Joint DBA Program)• ISS International Business School ofService Management, Hamburg (JointMBA)• Nova School of Business and Economics,PortugalAn Erasmus Mundus Scholarshipprogram was initiated withUniversity of Warsaw andnominations for the same havealready been sent to theuniversity. The duration of stay atthe university will be six monthsstarting from September, 2012 toFebruary, 2013. The students canalso apply for few moreuniversities of Poland and Italyunder this program.We initiated the STEP (Short-TermExchange Program) a few years agowhich gained massive popularityamong our partner institutes. Thisprogram is highly customizable and canbe tailored according to the student’sschedule and credit requirements.It is a unique program whichamalgamates classroom teaching andindustry interaction and offers morethan 100 elective courses for studentsto select from.The program lasts for a period of 10 -20 days, with 1 - 3 days allotted forindustrial and cultural visits. This isapplicable for both incoming andoutgoing students and is a high impactshort term program.Several of IMT's faculty members had theopportunity to visit partner universities inthis academic year. Some of the universitieswhich our faculty members visited are listedbelow:• Rouen Business School (France)• ESC Toulouse Business School (France)• Fachhochschule Vorarlberg (Austria)• University of Warsaw (Poland)This initiative has indeed been very fruitfulfor both the students and faculty membersalike as it gives them exposure toInternational Management education. It isalso an opportunity to develop a deeperunderstanding of global managementtrends, participate in a mutual exchange ofideas and gain insights into different schoolsof thought.Continuing our successful partnership with the Kellogg School of Management, IMT hasonce again partnered with the prestigious B-school and launched a Joint Internshipprogram. It involves 8 students from Kellogg pairing with students of IMT and conductingresearch projects in different projects mainly related to the rural sector of India. Aimingto harness the cross cultural mix of intellectual abilities and ideas, the program looks toidentify the problems associated with doing business in rural India. Some of theidentified areas have been Microfinance and other Small and Micro businesses.

Radius, Volume I October 2012Pranab Mukherjee takes oath as President of IndiaOn 25 th July 2012, Pranab Mukherjee became the13th President of India capping a five-decade careerthat saw him play significant roles in government,Parliament and party.76-year-old Mukherjee was administered the oath ofoffice to "preserve, protect and defend theconstitution and law" by Chief Justice of India SaroshHomi Kapadia at an impressive ceremony in thehistoric Central Hall of Parliament.The veteran leader took the oath in English in thename of God to a thunderous applause and thumpingof desks by those in the packed Central Hall thatincluded Vice-President Hamid Ansari, Speaker MeiraKumar, Prime Minister Manmohan Singh andoutgoing President Shrimati Pratibha Devisingh Patil.The gathering also included Cabinet ministers, leaders of opposition, UPA chairperson SoniaGandhi, governors, chief ministers, members of parliament and diplomats. Just after he tookthe oath, he was offered a 21-gun salute marking the assumption of office of the highestconstitutional post in the country.In his brief acceptance address, he said the principal responsibility of this office is tofunction as the guardian of the Constitution."I will strive to preserve,protect and defend theConstitution not just inwords but in spirit,"Mukherjee said.He also said that the wordpoverty should be eliminatedfrom the dictionary of modernIndia but felt that the trickledowntheory would not work. Hesaid hunger is a humiliation formankind.Earlier this year, President Mukherjee had kindly consented to grace IMT Ghaziabad’s 2012Convocation function as Chief Guest. He was the Finance Minister of India at the time andhad made the day memorable with his inspiring words during the convocation address.4

Radius, Cover Volume Story I October 2012GBSN 2012…making the connectionIMT Ghaziabad was the proud academic host of the 7th Annual InternationalGlobal Business School Network Conference (GBSN) which was held for thefirst time in Asia, from June 11- 14, 2012 in New Delhi.With the theme, Making the Connection: Management Education Powering Development,the GBSN 2012 Annual Conference broughttogether on a common platform, nearly 150management education, development andindustry professionals from over 36 countries, aswell as educators and other professionalscommitted to increasing opportunity andimproving lives by advancing managementeducation for the developing world.150 managementeducation, development andindustry professionals fromover 36 countriesAbout the theme of theconference, Guy Pfeffermann,Founder and CEO, Global BusinessSchool Network says “Indianbusinesses, government and civilsociety have moved farther aheadthan almost any other country,certainly any country ofcomparable size, in focusing onthe base-of-the-pyramid.Considering the parlous growthprospects in the US, Europe andJapan, and the slowdown in China,these countries might do worse than learning from India how to develop these markets.Greater inclusion may, in fact, be a palliative to adverse macroeconomic conditions.”5

Radius, Volume I October 2012The event saw some eminentspeakers such as Shri. Kamal Nath,Union Cabinet Minister of UrbanDevelopment, Analjit Singh, Founderand Chairman of Max India Limited,Arun Maira, Member, PlanningCommission of India and AparajitaRamakrishnan, Bill & Melinda GatesFoundation address the augustgathering.The moderators and panelistscomprised of esteemed members of the academia such Dr. Soumitra Dutta, Incoming Dean,Samuel Curtis Johnson Graduate School of Management at Cornell University(USA)/Professor, INSEAD, Prof. Steven Dekrey, Senior Associate Dean, Hong Kong Universityof Science & Technology (China), Dr. Enase Okonedo, Dean, Lagos Business School (Nigeria),and Dr. Pankaj Chandra, Director, IIM Bangalore (India) who emphasized the importance ofincorporating learning from management practices around the world.Through insightful speeches, engaging panel discussions and enlightening site visits, theconference focused delegates on the theme of the day: Making the Connection:Management Education Powering Development. Additionally, GBSN piloted a researchmentoring program at the conference, matching junior faculty with experienced researchersfrom GBSN Member Schools.The discussions centered onimportant roles business schoolsplay in achieving successfuldevelopment results, the need tobring more international exposureand opportunities to businessschools in effective yet low costmethods and to successfullydevelop on-the-ground actionprojects that develop student skillsand insights. They also focused onthe steps to building prestigious andinternational education programs,on the growing importance of agribusiness because of climate change and food securityconcerns.The conference came to close with a gala dinner and an invitation to the delegates toparticipate in the Global Business School Network 10th Anniversary Celebration and AnnualConference from June 10 - 12, 2013 to be held in Tunis, Tunisia.6

Radius, Volume I October 2012The IMT – ISSJoint MBAWith a focus on specializations inthe field of Service ManagementThe Institute of Management andTechnology, Ghaziabad has over the yearsbuilt a very strong and fruitful internationalpartnership with the ISS InternationalBusiness School of Service Management,Hamburg – one of the leading B-schools inGermany.This year the two institutes took thisrelationship a step further, by laying the foundation for a Joint MBA program which willfocus on specializations in the field of Service Management. This two year course has beenaccredited by FIBAA and is a unique international offering.The IMT-ISS MBA program aims toimpart academic knowledge andprofessional skills which are a prerequisiteto develop, design andpromote services. With its extensivefocus on corporate development, theprogram intends to leverage theexperience of the professionals andintegrate this knowledge into thelearning process. The study program isdesigned with the objective to qualifyexperts and executives from a multitude of industries and backgrounds for innovation anddevelopment in the area of service management. A special emphasis is laid on firms withservices forming a major component of their respective business models.IMT Ghaziabad andISS Hamburg share acommon vision andhave longcollaborated tosupport and furtheracademic andprofessional expertiseThe key benefits for students opting for this program are: Excellent employability opportunities for IMT-ISSgraduates International networks, science-based methods andmodels to develop practical solutions Flexible course structure, personality developmentthrough skill training and practical experience attained intraineeships abroadIMT Ghaziabad and ISS Hamburg share a common vision tofurther academic and professional expertise, and topromote cultural exchange between students, facultymembers, researchers and the corporate world. And thisvision was reiterated and strengthened when the CEO of ISSHamburg, Michael René Weber visited IMT on August 17th2012, to further cement the ties between the two institutes. Truly this comes as a uniqueinitiative to establish a globally distinguishable and reputable qualification in Service7

Radius, Volume I October 2012Management.IMT – GEM DBA ProgramAdding yet another feather to its cap, the Institute of Management Technology (IMT),Ghaziabad under the dynamic leadership of its Director, Dr. Bibek Banerjee, now offers aDoctor of Business Administration (DBA) jointly with Grenoble Ecole de Management(GEM), France – a global leader in management education.“This first-of-its kind degree programin India will give the executive talentin India an opportunity to leveragetheir rich and deep experience atwork to obtain a globally renownedDoctoral degree without having toleave their jobs in India,” says Dr.Bibek Banerjee. The IMT-GEM jointDBA is one of the six such programs inthe world to be accredited by AMBA(Association of MBAs).IMT, Ghaziabad rated 'A* * *' byCRISIL, is counted among the top 10business schools in India and is recognized as a center of excellence in managementeducation. Grenoble Ecole de Management (GEM), France founded in 1984, is among thetop 50 executive education providers in the world and the Financial Times rates theGrenoble Masters in Finance among the Top 9 in the world. GEM shares IMT’s pioneeringvision to bring innovative programs to the field of education and work closely with theindustry to push the boundaries of practice oriented research.The DBA is a unique research-basedissue-driven qualification offeredacross India and France and focuseson the broad areas of managementof technology, organizationaldesign and innovation, mixingacademic rigor and relevantbusiness practices. This three yearprogram is structured to facilitatepart-time study so that studentscan combine ongoing careers withtheir doctoral research, incorporatethe same in their managerialpractice and attain the highest possible level of business qualification.The DBA program enables its students to leverage their learning at their workplaces andbecome effective practitioners of management in technology and innovation. Byspearheading this program, IMT has continued with its tradition of catering to changing8

Radius, Volume I October 2012Exchange DiaryDr. Sita Mishra shares herexperience of teaching Kautilya'sArthashastra: Creating Values for‘Business Leaders’ and‘Entrepreneurs’ at Rouen BusinessSchool, Franceneeds of management education in Indiaand the world at large.I am an Associate Professor of Marketingfrom IMT Ghaziabad and have justreturned after delivering an interestinglecture to the management students atRouen Business School (RBS), France.I was one of the twelve speakers invited forthe prestigious International Week 2012with the theme “Is Entrepreneurship a gateway to new worlds?” where speakers from Asia,the Americas, Africa and Europe shared their insights on the diverse dimensions ofentrepreneurship with the international students at RBS. I delivered a unique andinteresting lecture on “Kautilya's Arthashastra: Creating Values for Business Leaders andEntrepreneurs” which was admired a lot by students and other speakers. The topic gained alot of interest from the entire fraternity at RBS because, for them, it was difficult to believehow a literature written in 300 BC was still relevant in today’s management environment.I firmly believe that the ability to develop an in-depth knowledge of past and presentmodels, theories and processes is the cornerstone of effective and intelligent managementand that there are many concepts from Arthashastra, which are still applicable in today’smanagement. In my lecture, I talked about how entrepreneurs and business leaders canexplore the relevance and application of principles and strategies of Arthashastra and takeup challenges in today’s dynamic, competitive and unscrupulous corporate world.I feel that participation in such International events in addition to learning from otheracademicians, processes and systems of institutions also provides one with the opportunityto find new academic partners to collaborate on future research projects.9

Radius, Volume I October 2012Dr. Rashmi Aggarwalshares her experienceof teachingInternational TradeLaw at ToulouseBusiness School,FranceIt was indeed a greatexperience to visitToulouse BusinessSchool (France), underthe Faculty Exchangeprogram, to teach acourse on InternationalTrade Law(ITL).Founded in 1903, Toulouse Business School is tripleaccredited by European Quality Improvement System(EQUIS), Association to Advance Collegiate Schools ofBusiness (AACSB) and Association of MBAs (AMBA) andis one of France's prestigious "Grandes Écoles deManagement".Editorial TeamDr. Jayanthi Ranjan(Chief Editor)Krishna Murari Sinha(Content)Theresa Dominic(Content)Lov Loothra(Design & Layout)The course is both academic and application basedlearning on ITL. This year the student strength hadincreased to a batch size of 120 from 60 last year. I canfondly remember that all my students were fromdiverse backgrounds and different parts of the world.We welcome you to pendown your thoughts andopinions which you wouldlike to see in this newsletter.Please mail in your articles,anecdotes, news stories etc.to us with the subject line“RADIUS SUBMISSION”.For queries and feedback,please contact:The connect on legal issues pertaining to ITL wasimmediate and we deliberated on various aspectsdepending on the origin of country from where theselegal disputes emerged.International Relations, IMTRaj NagarPost Box No. 137Ghaziabad 201001, IndiaPhone: +91 0120 3002219www.imt.eduirc@imt.edu10