The Indian Institute of Management, Lucknow has signed a memorandum of understanding with the Kelley School of Business at Indiana University, USA for extensive research and student/faculty exchange programme. Both institutes have agreed to enter into a long-term relationship for a collective pursuit of excellence in global business education. Together, the institutes will also explore the possibility of launching a dual degree programme that will be designed and developed by both institutes, and taught primarily at IIM-Lucknow's Noida campus.
In the memorandum of understanding signed between the two institutes on August 31, the management institutes have also agreed to organise combined research activities to facilitate studies at both institutes. According to the terms of the MoU, both institutes have agreed to enter into a 'long-term relationship to mutually support each other in the pursuit of excellence in global business education'. The institutes will also collaborate closely for faculty and student exchange programmes.
Director IIM-L, Dr Devi Singh, said, "As the world connects globally, research cannot be confined to geographies. In order to innovate, we have joined hands with one of USA's leading B-schools to share our expertise and learn together."
According to the MoU, the dual degree programme will be designed, developed, marketed and delivered by both institutes and will be primarily, taught at IIM Lucknow's Noida campus, where faculty from both institutes will teach. As part of the research collaboration, case studies will also be developed, which will in turn be used for teaching, designing and delivering a series of faculty research workshops.
Public relations and media relations officer, Anuradha Manjul, said, "The institutes have agreed to collaborate in three major areas: research, faculty and student exchange and developing a dual degree programme. Since both institutes follow the case study method of teaching, this will be a mutually beneficial arrangement." Apart from exchange programmes for the faculty under the MoU, the institute has also agreed to organise events like web-seminars, and video conferences.
Currently, IIM-L has already put in place faculty exchange programmes with 27 management institutes across the globe, including KSB, George Mason University and University of Connecticut's School of Business.
-- excerpted from TOI