IFIM Business School, Bengaluru to take a break from B School rankings for the next couple of years

India’s sixth business school with AACSB accreditation will not participate in any rankings till December 31, 2020
IFIM Business School is now positioned to cater to the needs of ‘Beyond Tomorrow’ by providing innovation-led solutions
IFIM Business School is now positioned to cater to the needs of ‘Beyond Tomorrow’ by providing innovation-led solutions

IFIM Business School, Bengaluru, announced its decision to take a break from Business School Rankings for a period of two years, till December 31, 2020. The decision is an outcome of a strategic exercise to chart its direction for the future has arrived at a new positioning which is in sync with the needs of the future, following the AACSB accreditation. IFIM Business School is now positioned to cater to the needs of ‘Beyond Tomorrow’ by providing innovation-led solutions.

The Business School will work towards three distinct interventions to align with the refreshed positioning of ‘Beyond tomorrow’. First, developing a curriculum based on extensive ongoing quantitative and qualitative exercise with inputs from more than 100 CXOs of the country, in partnership with NHRDN and supported by AACSB International. Second, the introduction of a course on Design Thinking and Innovation to prepare graduates to come up with idea prototypes and exhibit them as MVPs. And third, a collaborative platform that connects the industry, the academia, and professionals who need to be up-skilled and re-skilled in gen-next technology areas of Artificial Intelligence, Data Engineering and Business Analytics, Digital Commerce and Blockchain aligned with new emerging job roles. 

Sharing his views on this move, Dr Atish Chattopadhyay, Director, IFIM Business School said, “The AACSB accreditation brings with it a great degree of responsibility to deliver quality education which is at par with the global standards and keeps pace with the changing times. It also provides us an opportunity to introspect and prepare for the times ahead. Today’s environment presents unique challenges where existing business models and business education are fast losing relevance and getting disrupted. 

As the nature of jobs is changing outside, we, as an institution, would like to prepare ourselves for the needs of tomorrow. We believe and are confident that in these two years, we should be able to demonstrate a definite value outcome of our various initiatives. We are probably the only institution in India which is developing the aforesaid platform. This has found a good traction with the industry and we have forged partnerships with new age corporates like Fractal Analytics, Infosys, Wells Fargo, Fidelity, Walmart, Flipkart, Amazon through forming a think tank in Bangalore. This also helps us develop the courseware, provide real-life data for capstone projects and develop industry use cases across domains. 

Providing professional development programmes on this platform is on our agenda. This platform is duly supported by a Research Resource Centre, an in-house research facility that we plan to extend to scholars across the globe. I am happy to inform you that Dr A Parasuraman, James W. McLamore Chair and Professor of Marketing, Miami Business School, University of Miami, has joined us as a mentor faculty to guide us in developing a roadmap for the same to effectively partner with service led businesses. The research work undertaken with our partner companies is being leveraged to develop the Index of Service Excellence in India.” 

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