 The Great Lakes Institute of Management (GLIM), which is to become operational in Chennai with its first batch of students from end of April 2004, has renewed its strategic academic alliance with the Stuart graduate school of business, lllionis Institute of Technology, Chicago. GLIM with its international strategic partnership with a premier global business school seeks to be different from the conventional business schools in India by making its students" Masters of Business Readiness" when they complete the one-year PGPM fast track
programme.
The institution, a brain-child of renowned management guru the US-based Dr Bala V Balachandran, also aims to fill the vacuum for a top-flight business school in Tamil Nadu and put it on par with the three other southern States that boast of top-rung management institutions - IIMs in Bangalore and Kozhikode and ISB in
Hyderabad.
Dr Paul Prabaker, Associate Dean and Professor of Marketing at Stuart School of Business said, "The Stuart School is one of the only 28 institutions that are focused exclusively on graduate-level business education accredited by the Association to Advance Collegiate Schools of Business (AACSB). By the year 2020, the demand for higher education is likely to increase to over a 100 million students globally. India alone will witness 15 million students seeking higher education. I am confident that our strategic alliance with GLIM will help us in providing the best and quality international management education facilities to the students in the country."
Seeking to differentiate the programme being offered by GLIM from the conventional MBA courses offered by the management institutions,
Dr Narasimhan, Deputy Dean and President GLIM said. "There is need for more current and innovative, blending the best practices and experience of the West and the Great Values and Ethos of the East especially India. This dynamic combination will bear fruits only if our current generation of business leaders recognise them early (Money Value of Time) and nurture and grow them to maturity and perpetuity
(Time Value of Money). GLIM is focused on ASIA. To start with, we focus on Sri Lanka, Malaysia, Singapore, Bangkok for international input. Due to the exchange philosophy, American students of
IIT, Chicago will come to Chennai. We also have an amazing faculty of visiting professors from India, the US and Asia. Also our strategic alliance partner Illinois Institute
of Technology's Stuart School of Business has committed to send faculty of six or so."
Normally students opting for MBA courses specialise in branches such as finance, marketing and human resources. But in GLIM, the students would be provided with equal exposure to all the subjects and the focus would be on 'aligning' each student to different 'industry verticals'. GLIM has identified 'verticals' such as manufacturing, technology fusion, entrepreneurial and family business, health care and hospitality, banking, financial services and insurance. In each of them, a cluster of well-known corporates would be involved and . through these verticals, the institution would get inputs on channelising the course after the first six months in such a way that the aspect of 'business readiness' comes into focus at the end of the one-year course.
The full-time, one-year, high-intensive management programme is aimed at offering a special privilege to meritorious and fresh graduates to enter the competitive job market one year ahead. For aspirants with job experience, it is a boon to upgrade their positioning with an international level certification in Management. GLIM offers customised short-term Management Development programmes also for middle-level corporate executives and top-level functional heads.
GLIM brings together the best of two worlds - the industry leaders and the management gurus - to offer business administration programs of international quality. The academic and administrative processes at GLIM are guided by a Business Advisory Council comprising distinguished leaders of the Indian corporate world and an Academic Advisory Council composed of the most prominent management experts in India and abroad. The Great Lakes Institute in Chennai will have on its faculty management gurus like Phil Kotler of Kellogg College, Seenu Srinivas of Stanford University, Krishna Ramaswamy of Wharlon University and Kasha Rangan of Harvard University.
Founded in 1890, lIT is a Ph.D.-granting technological university awarding degrees in the sciences, mathematics and engineering, as well as architecture, psychology, design, business and law. lIT's interprofessional, technology-focused curriculum prepares the university's students for leadership roles in an increasingly complex and culturally diverse global work place. The lIT Stuart School was established in 1969 with a gift from lIT alumnus and financier Harold Leonard Stuart. The lIT Stuart School is one of only 28 AACSB-accredited business schools that are focused exclusively on graduate-level business education.
Dr Prabaker said the tuition fee for the one-year course would be Rs 2.97 lakh. What differentiates this institution from the IIMs is also the linkage between the academicians and research. The institute would be guided by a Business Advisory Council composed of some of the most respected leaders of the Indian business world. The premier business school would have some excellent faculty including visiting professors from abroad, particularly the US, the UK and Asia, he added.
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GLIM's top-flight Business School in Chennai
