There has been a vast change in the dynamics of the corporate world. The millennial generation is looking beyond the confines of traditional corporate jobs and venturing into newer avenues. They are starting new ventures and start-ups. The established corporate entities too to some extent are shedding their traditional outlook and reinventing themselves. The driving force behind this change is – innovation.
Whilst preparing students for the corporate world, it has become vital for B-Schools to innovate and reinvent themselves. Forward-looking management schools in India need to re-invent the management education system with a clear intent in helping shape future business leaders who can contribute their mite in accelerating sustainable economic development and ensuring that all stakeholders especially the underprivileged sections of the society get their fair share of the wealth creation.
XLRI, the oldest management school in India, was founded in 1949 by Jesuit priests originally from America, with a unique vision to be a partner in young India’s growth as a fledgling nation which had just attained freedom from the British. Over the last sixty years XLRI has imparted world-class management education with a distinctive emphasis on shaping business leaders, who are responsible and ethical in their workplace and contribute their mite in creating a sustainable future.
XLRI is perhaps India’s first management school to have Managerial Ethics and Sustainable Development as compulsory courses for all the students. With a view to sensitise students to the challenges of rural India a three-day village exposure visit at the beginning of all flagship programmes is compulsory. Thereafter, as a part of their learning regimen projects are undertaken by students to help alleviate the challenges of the villagers and semi-urban population in and around the institute.
