IIM Lucknow has rolled out a new postgraduate programme in sustainable management (PGP SM) to meet the increasing demand of the industry.
The two-year fulltime residential programme would have 45 seats and would be conducted at the institute’s Noida campus in Delhi-NCR region.
“In the last two decades the business paradigm in India has witnessed a radical shift. Due to increased awareness about environmental degradation, global warming, climate change and socio-economic implications of ever increasing corporate power, states are forcing business houses to mould their strategies to align with sustainable development objectives,” an IIM professor said.
To meet this demand the IIM-L has decided to run the course.
It is the first Indian Institute of Management to do so, he added.
The management programme would focus on environmental, social and economic sustainability aspects, change management preparation and critical perspectives on policy and institutions, cross sector collaborations, systemic linkages among environmental, social and economic issues.
PGP SM graduates would be equipped with management and leadership skills to formulate and solve problems at the appropriate scale and ability to recognise the interconnectedness of economic performance of businesses coupled with social and environmental systems.
They would also be able to produce policy relevant results.
Admission to the programme would be based on CAT score, followed by group discussion and personal interview.
The IIM professor added in the changed business environment, businesses have started facing an environment which not only comprises of traditional stakeholders but also large numbers of non traditional stakeholders - institutionalised community groups, environmental NGO’s, minority groups, media and society at large.