IIMB Director In-charge Devanath Tirupati defines priorities of B-schools at Yale School of Management's conference on 'Leadership in an Increasingly Complex World'
"Growth, over the last 20 years, in India, has created a lot of contradictions in our economy and the leaders of tomorrow need to set-up business in such a space," said Professor Devanath Tirupati, Dean Academic and Director In-charge of Indian Institute of Management Bangalore (IIMB) at the 'Business + Society: Leadership in an Increasingly Complex World' conference at the Yale School of Management on January 10, 2014.
When asked how many students have global aspirations, Professor Tirupati replied, "About 90% are keen, but only 20-25% are successful. The Global Network of Advanced Management is making multi-lateral education possible through network courses. The team formation exercises with students of other nationalities are helping them learn. And in turn, we are preparing them for the Indian context also."
Drawing attention to IIMB's social initiatives, Professor Tirupati highlighted the prosthetic foot camp and eye camp organized every year by 'Prayaas', an initiative by IIMB's EPGP students. EPGP is the one-year full time residential Executive Post Graduate Programme in Management at IIMB. "Health camps of this kind, we believe, will help students to develop compassion which is much needed in this world," he observed.
On the subject of whether language posed a barrier in a flat world, Professor Tirupati replied, "Language is no barrier in negotiating with a global audience as most of the faculty at IIMB are themselves graduates from universities in the UK, the US and other parts of Europe."
The three-day conference, from January 9-11, 2014, had several engaging panel discussions. The event was held to mark the opening of Evans Hall and the Global Network meeting. The opening event sessions showcasing the Network, and involving students from EGADE, IE, and Smurfit, powerfully demonstrated the important role the Network is playing to enable the Deans/Directors to better prepare leaders for a complex world and the Network's tremendous potential.
The discussion titled 'Preparing Leaders for a Flatter World' consisted of deans and directors from 9 business schools. They included Michael Barzelay, Professor of Public Management & Head of the Department of Management, London School of Economics and Political Science; Nida Bektas, Executive Director, Koç University Graduate School of Business; María de Lourdes Dieck Assad, Dean, EGADE Business School; Kwame A. Domfeh, Dean, University of Ghana Business School; Miriam Erez; Vice Dean, MBA Program/Faculty of Industrial Engineering and Management, Technion Israel Institute of Technology; Santiago Iñiguez, Dean, IE Business School; Jiye Mao, Professor and Executive Dean, School of Business, Renmin University of China, and Edward A. Snyder, Dean, Yale School of Management.
Responsible business
A panel titled 'The Path to Resilient Prosperity' and conducted on January 10, 2014 featured global thought leaders Peter Bakker, President, World Business Council for Sustainable Development; Frances Beinecke, President, Natural Resources Defense Council; and Pavan Sukhdev, Founder-CEO, GIST Advisory. The session was moderated by Sir Peter Crane, Dean, Yale School of Forestry and Environmental Studies, and Brad Gentry, Professor in Practice, F&ES and SOM, Faculty Director, CBEY.
This panel of global thought leaders explored the private sector's role in protecting and enhancing the human and natural systems that provide the energy, water, food, land, and wide range of other goods and services upon which we all rely. Areas of discussion included:
- What are new business models that can profitably address the world's most significant environmental and social issues?
- How can the private sector's stated aspirations for sustainable resource management become actions that are integrated into everyday business decisions?
- How can society accelerate an understanding of our collective reliance on the world's natural wealth and transform our ability to sustainably manage resources for a new era of resilient prosperity?
Addressing the youth in the audience, Peter Bakker said: "The urgencies out there are rampaging at such a pace that we need to move into action-scalability of solutions that deals with sustainability." The 'Action 2020' plan explains the ways to make the world sustainable. "In 'Action 2020', we worked with 800 scientists to establish planetary and societal priorities; we selected 5 natural capital and 4 social capital priorities," Bakker explained.
The goals for society, according to Mr. Bakker are, "Two degrees warming, no more than a trillionth carbon, 9.8 billion people have access to energy and the way to translate these goals into solutions that business can solve." He called upon young leaders to turn the system "upside down".
On the subject of green economy and valuing natural capital, Mr. Pavan Sukhdev said: "Re-designing the corporation and amending micro-policies will create positive economies for right prosperity." According to him, corporate sustainability is too valuable to be left to corporations. "To achieve corporate sustainability, a level playing field is required that measures and reports externalities, taxation aligned to incentives and monitors advertisements," he added.
Ms. Frances Beinecke emphasized the urgency of moving into clean energy globally. "The fact is that we all are polluters and we have our own carbon footprint; it is our personal responsibility to address these issues individually and collectively. Creating consciousness in consumer and company can make them responsible," she said, adding that the textile industry needed quick regulation as the amount of chemical used and water polluted by them remains high. "The big international brands have to bear responsibility and address environmental consequences," she added.
IIMB Director In-charge Devanath Tirupati defines priorities of B-schools at Yale School of Management's conference on 'Leadership in an Increasingly Complex World'
"Growth, over the last 20 years, in India, has created a lot of contradictions in our economy and the leaders of tomorrow need to set-up business in such a space," said Professor Devanath Tirupati, Dean Academic and Director In-charge of Indian Institute of Management Bangalore (IIMB) at the 'Business + Society: Leadership in an Increasingly Complex World' conference at the Yale School of Management on January 10, 2014.
When asked how many students have global aspirations, Professor Tirupati replied, "About 90% are keen, but only 20-25% are successful. The Global Network of Advanced Management is making multi-lateral education possible through network courses. The team formation exercises with students of other nationalities are helping them learn. And in turn, we are preparing them for the Indian context also."
Drawing attention to IIMB's social initiatives, Professor Tirupati highlighted the prosthetic foot camp and eye camp organized every year by 'Prayaas', an initiative by IIMB's EPGP students. EPGP is the one-year full time residential Executive Post Graduate Programme in Management at IIMB. "Health camps of this kind, we believe, will help students to develop compassion which is much needed in this world," he observed.
On the subject of whether language posed a barrier in a flat world, Professor Tirupati replied, "Language is no barrier in negotiating with a global audience as most of the faculty at IIMB are themselves graduates from universities in the UK, the US and other parts of Europe."
The three-day conference, from January 9-11, 2014, had several engaging panel discussions. The event was held to mark the opening of Evans Hall and the Global Network meeting. The opening event sessions showcasing the Network, and involving students from EGADE, IE, and Smurfit, powerfully demonstrated the important role the Network is playing to enable the Deans/Directors to better prepare leaders for a complex world and the Network's tremendous potential.
The discussion titled 'Preparing Leaders for a Flatter World' consisted of deans and directors from 9 business schools. They included Michael Barzelay, Professor of Public Management & Head of the Department of Management, London School of Economics and Political Science; Nida Bektas, Executive Director, Koç University Graduate School of Business; María de Lourdes Dieck Assad, Dean, EGADE Business School; Kwame A. Domfeh, Dean, University of Ghana Business School; Miriam Erez; Vice Dean, MBA Program/Faculty of Industrial Engineering and Management, Technion Israel Institute of Technology; Santiago Iñiguez, Dean, IE Business School; Jiye Mao, Professor and Executive Dean, School of Business, Renmin University of China, and Edward A. Snyder, Dean, Yale School of Management.
Responsible business
A panel titled 'The Path to Resilient Prosperity' and conducted on January 10, 2014 featured global thought leaders Peter Bakker, President, World Business Council for Sustainable Development; Frances Beinecke, President, Natural Resources Defense Council; and Pavan Sukhdev, Founder-CEO, GIST Advisory. The session was moderated by Sir Peter Crane, Dean, Yale School of Forestry and Environmental Studies, and Brad Gentry, Professor in Practice, F&ES and SOM, Faculty Director, CBEY.
This panel of global thought leaders explored the private sector's role in protecting and enhancing the human and natural systems that provide the energy, water, food, land, and wide range of other goods and services upon which we all rely. Areas of discussion included:
- What are new business models that can profitably address the world's most significant environmental and social issues?
- How can the private sector's stated aspirations for sustainable resource management become actions that are integrated into everyday business decisions?
- How can society accelerate an understanding of our collective reliance on the world's natural wealth and transform our ability to sustainably manage resources for a new era of resilient prosperity?
Addressing the youth in the audience, Peter Bakker said: "The urgencies out there are rampaging at such a pace that we need to move into action-scalability of solutions that deals with sustainability." The 'Action 2020' plan explains the ways to make the world sustainable. "In 'Action 2020', we worked with 800 scientists to establish planetary and societal priorities; we selected 5 natural capital and 4 social capital priorities," Bakker explained.
The goals for society, according to Mr. Bakker are, "Two degrees warming, no more than a trillionth carbon, 9.8 billion people have access to energy and the way to translate these goals into solutions that business can solve." He called upon young leaders to turn the system "upside down".
On the subject of green economy and valuing natural capital, Mr. Pavan Sukhdev said: "Re-designing the corporation and amending micro-policies will create positive economies for right prosperity." According to him, corporate sustainability is too valuable to be left to corporations. "To achieve corporate sustainability, a level playing field is required that measures and reports externalities, taxation aligned to incentives and monitors advertisements," he added.
Ms. Frances Beinecke emphasized the urgency of moving into clean energy globally. "The fact is that we all are polluters and we have our own carbon footprint; it is our personal responsibility to address these issues individually and collectively. Creating consciousness in consumer and company can make them responsible," she said, adding that the textile industry needed quick regulation as the amount of chemical used and water polluted by them remains high. "The big international brands have to bear responsibility and address environmental consequences," she added.