New Delhi, Aug 6 IBNS | 2 years ago

Union Minister of State for Human Resource Development Shashi Tharoor has presented the Indian Management Conclave (IMC) Awards to ten Indian business schools for best practices in management education at the 4th Indian Management Conclave held here over the weekend.

The awards, instituted by, document and recognise the most successful initiatives by management institutes to enhance the value of their MBA programs.

Tharoor applauded the winners at the award ceremony, that was attended by over 250 MBA educators including directors from B-schools from India, China, USA, Singapore and Canada.

In his valedictory keynote, Tharoor said, "Indian management education has contributed significantly to the Indian and global industry over the last 60 years. Today's B-Schools need to prepare managers and leaders with sensitivity for larger national goals."

The Minister, who has authored a dozen books, hoped that the case studies by the winning schools will help B-schools instill the spirit of inquiry and excellence to produce MBAs who are better equipped to address the challenges facing business and industry.

The awards instituted by received over 50 entries from B-schools and departments of management of universities across India.

Delivering the opening keynote address HCL Technologies Vice Chairman Vineet Nayar said, "India can be the hot bed for researching and developing the next big management ideas and theories. Indian B-schools and educators must play a proactive role in identifying, researching and documenting big ideas from India."

"The American business schools are taking a lead. I hope Indian Management Conclave provokes and energises them," said Nayar who is known for advocating the radical idea "Employees First, Customer Second" when he took over as the CEO of HCL Technologies in 2005.

The IMC Awards finalists were selected though a transparent multi-tier process by an eminent IMC Awards jury -- Devi Singh, Director, IIM Lucknow; E. Abraham S.J., Director, XLRI, Jamshedpur; Pritam Singh, DG, IMI and Former Director IIM Lucknow; Rajan Saxena, Vice Chancellor, NMIMS University, Mumbai; Debashis Chatterjee, Director, IIM Kozhikode and Sesha Iyer, Director, S P Jain Institute of Management and Research, Mumbai - who shortlisted 12 finalists who presented their case studies during the two-day 4th Indian Management Conclave 2013.

Amit Agnihotri, Convenor, Indian Management Conclave said, "With the exception of Top 100 B-schools, the remaining need significant improvement in curriculum, education process management and absorption in the talent pool.

"Well researched best-practices from among the 50 leading B-schools presented during the Indian Management Conclave would benefit 3500 plus B-schools in India," added Agnihotri, who also serves as Chairman of

IMC Awards winners highlight B-school initiatives aimed at developing socially sensitivity managers with inclusive approach. Many winners highlighted B-schools' efforts to create industry-relevant curriculum and teaching methods.

IMC Awards were keenly contested with 50 top B-schools participating, including IIMs, PGDM Institutes, Central University B-schools, and Private University B-schools.

(Posted on 06-08-2013)