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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: JPR who wrote (3263)	11/22/1998 1:17:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Business School in Hyderabad get strong U.S support-Wharton,Kellog and all. JPR: How about that,eh? Looks like Rajat Gupta,CEO of McKinsey & Co,Victor Menzes of CITI Bank CITI Group),Kellog Professor Dipak Jain,Wharton professors Anjani Jain and Jagmohan Raju-All Indian boys- and many others form the U.S came together to help,not bad at all. =============================================== economictimes.com Business school in Hyderabad gets strong US support Bala Murali Krishna -------------------------------------------------------------------------------- NEW YORK 15 OCTOBER SOME of the best and brightest from the corporate and academic world came together here, vowing to make the Indian School of Business (ISB) in Hyderabad a centre of excellence in Asia. The governing board of the school, which is affiliated to the Wharton and Kellogg business schools, and its academic council held their first meeting. "I am gratified by the passion with which every group has involved itself," said Rajat Gupta, managing director, McKinsey & Co, and the initiator of the project. "It's amazing how quickly everybody coalesced around the idea." Among those present included Reliance Industries' Anil Ambani, Citigroup's Victor Menezes, Hindustan Lever's Keki Dadiseth and ICICI's managing director K V Kamath. The school's governing board also includes CEOs and chairmen of MNCs such as Enron, Unilever and Motorola, as well as Indian groups such as the Birlas, the Bajajs and the Mahindras. The academic council consists of faculty members belonging to the business schools of Harvard, Stanford, Chicago and Carnegie-Mellon universities.Also present were Kellogg's associate dean Mr Dipak Jain and Wharton's professors Anjani Jain and Mr Jagmohan Raju. Mr Jain said the business school marked the second instance of Wharton and Kelloggs schools joining forces to set up a business school abroad. In the 1980s, the two set up a school in Thailand. The ISB proposes to offer one-year masters in business administration (MBA) programmes and short-term courses in specific areas of management, targeted at senior executives. In its first phase, which is expected to cost $20m, the ISB will offer MBA courses to about 120 students and, over a three-five-year period, raise the number of students to 480, of which about 30 per cent will be from abroad. The school said its executive board has already made an "unattributed commitment" of over $20m to launch the initiative. Mr Rajat Gupta first suggested the idea to Kellogg's dean Mr Jacobs over two years ago. He also sounded several business schools in the US and corporate leaders in India. Last November, Mr Gupta signed an MoU with Kellogg's Mr Jacobs and Wharton's Mr Gerrity. About a month ago, the ISB decided to establish the school in Hyderabad, because, as Mr Ambani said chief minister N. Chandrababu Naidu "showed more passion."The ISB expects to use the services of about 125 professors of Indian origin at the top 20 business schools in the US, he added. The ISB's MBA programme will address specific needs of the region such as managing in transitional, rapidly-evolving and uncertain economies. Its curriculum, to be designed initially by the Wharton and Kellogg schools, will include a focus on such issues as Global Strategic Management, Managing in Non-market Environments and other issues specific to Asia. To jump-start the programme, to be offered from 1999, there will be a strong reliance on visiting faculty. However, within five to seven years, the ISB will reduce the proportion of courses taught by visiting faculty to about 30 per cent. The ISB expects to name a dean shortly.