How IIM Kozhikode became the only management institute to feature in ARIIA 2021 – Edexlive
In addition to the various distinctions awarded to the Indian Institute of Kozhikode Management (IIMK) Already, it has achieved another achievement: being the only IIM to feature in the recently published Atal Institutional Ranking of Innovation Achievement (ARIIA). Professor Debashis Chatterjee, director of the institute, says it is not creativity or imagination that leads to innovation, creativity in practice is the key. And these are the means by which they achieve it.
âWe wanted to change the very notion of seeing IIMs as stand-alone B schools. Therefore, we focused on cross-fertilization in several courses, even in our one-year business leadership program, âexplains the director. Their work to make classes more flexible, which was also suggested by the National Education Policy (NEP) 2020, started nine years ago. And then there is the gender diversity factor, IIMK became the first IIM where 54.29% of the students admitted in the class of 2015 were women.
In 2013, IIM opened the Indian Business Museum on its premises and this 23,000 square foot space showcases India’s business history and showcases the contributions of Indian business leaders to the country. It even recently launched the Center for Innovation and Digital Transformation (CDiT). In its fifth year, Laboratory for Innovation, Venturing and Entrepreneurship, their business incubator, incubated 80 start-ups, received Rs 35 crore in terms of investment and employed 370 people. âBasically what has continued as Indian ethics until now has to coexist with innovation and that’s what we tried to do,â says the director.
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Vision 2047, which was set by IIMK, of the globalization of Indian thought, comes to mind: âThe Ministry of Education has also requested help to co-create this vision for them and IIT Palakkad asked us to create a vision for them. This is a big problem “, shares the director and adds:” Our vision is broader than academic or professional courses, it extends to the management of the aspirations of a growing population. It is believed that the more you consume, the more refined you are, but through innovation we will see an era of changemakers in motion. “