Dr. Prakash G The word 'millennium' has begun to lose its shine. To me, it's just a timeframe. Recognizing and managing shifting paradigms, albeit with the help of the enormous leaps of technology, is the need of the hour. In my humble opinion, there are very few gospel truths in the field of management. Theories that snugly fit into one framework today become obsolete the day after. Today, intense competition and increasing enduse assertiveness force businesses to drastically cut down their response time. Prove or perish, that is the call of the day.

Let it be my privilege to welcome you to the world of IIM Director, IIMB

Mr. Mukesh D Ambani Chairman & Managing Director Reliance Industries Ltd. Mumbai

Dr. Prakash G Director Indian Institute of Management Bangalore

Name Shri Abhay Jain Shri S N Agarwal Prof P G Apte Shri K L Chugh Shri B K Das Prof Gita Sen Shri N Gokulram Prof Janat Shah Shri K N Jayalingappa Dr Kamal Taori Smt Kiran Mazumdar Shaw

Designation Chairman Director Chairman Emeritus Chief Secretary Professor Principal Secretary to Government Professor Former President Director General (TS) Managing Director

Location Ambika Petrochem (P) Ltd. , Bangalore Bhoruka Power Corporation Ltd , Bangalore Indian Institute of Management , Bangalore ITC Ltd. , New Delhi Government of Karnataka , Bangalore Indian Institute of Management, Bangalore Finance Department , Government of Karnataka , Bangalore Indian Institute of Management , Bangalore Federation of Karnataka Chamber of Commerce & Industry , Bangalore National Productivity Council , New Delhi BIOCON India Ltd. , Bangalore

The board composition as on May 31, 2006.

The Institute
After 1947, the Government of independent India focused on the development of indigenous science and technology. As a technology base was being created, it became clear that the country needed to simultaneously augment management talent and resources. A response that lead to the creation of the Indian Institutes of Management in the country. The Indian Institute of Management Bangalore was established in 1973. Building on the base of its highly accomplished faculty and motivated student body, IIMB has evolved into a premier centre for management education and research. The flagship Postgraduate Programme in Management (PGP) and Fellow (Doctoral) Programme in Management (FPM) are very highly rated and IIMB alumni occupy senior managerial and academic positions across the globe

IIMB strives to achieve excellence through partnerships
with industry, and leading academic institutions, the world over. Located in India’s high technology capital, IIMB is a hub of innovative activity. For example, The Post Graduate Programme in Software Enterprise Management
(PGSEM) launched in 1998 is a management education programme designed for the specific needs of professionals working in the software and information technology industries;

The Post Graduate Programme in Public Policy and Management (PGPPM)
launched in 2002 is helping to hone policy-making and managerial capabilities in government.

 The International Masters Program in Practising Management (IMPM), an
international collaborative executive education program jointly offered by IIMB with INSEAD, McGill University, Lancaster University and a consortium of Japanese universities is globally recognised as a major innovation in executive education;

 Established through a generous endowment, the N.S. Raghavan Centre for
Entrepreneurial Learning (NSRCEL) at IIMB is a catalyst for entrepreneurial activity.

Features of IMR -- IMR derives its unique positioning from its

blend of features. No other management journal in the country currently offers such a wide and balanced set of features.

Our Interview feature seeks to elicit from business leaders unique and successful practices that advance the practice of management. The Interview brings out critical learning's and conceptual implications for a wide audience

   

The Round Table brings together academics, policy makers and captains of industry who brainstorm on critical issues and extract multidimensional perspectives from chosen themes. Articles that are conceptually and methodologically rigorous, and push the frontiers of management theory and practice in India. Book Reviews' that provide a window to new ideas in the world of management A blend of other features that explore associated fields that enrich both management education and practice.

Dear Friend,
It is a matter of pride to the entire IIMB family that our Institute has been consistently ranked among the top business schools in India and Asia. It is fair to say that the alumni have contributed significantly to the growth in the stature of IIMB and for making known its reputation as a center for excellence in management education.

During the summer of 2006, Anusmaran – the global IIMB alumni meet was organized at 12 locations around the world in Bangalore, Delhi, Mumbai, Kolkata, Chennai, Hyderabad, London, New York, HongKong, Tokyo, Frankfurt and Singapore. Our database is getting stronger but still leaves scope for improvement. We have about 2800 email addresses against an alumni strength of over 5000. Alumni are encouraged to write to us so that we can include you in our mailings. For the benefit of alumni who visit Bangalore, a room has been reserved in the hostel at the campus. You are free to use this facility whenever you are in Bangalore. Besides this several formal and informal interactions are planned for future. Your help and suggestions are requested to further the activities of the Alumni Association. Mr. Saumil Majmudar has taken over as the President of the Executive Committee of IIMB Alumni Association from Mr. Ramesh Venkateswaran. Thanks to Mr. Ramesh Venkateswaran who has done an excellent job as President during his tenure. Prof. Ashok Thampy is continuing as Chairperson, Alumni

The two-year Post Graduate Programme in Management (PGP) is the flagship programme of the Institute. it is designed to enable students to acquire the skills and capabilities that will enable them to reach responsible Global positions in management. The number of applicants admitted to this programme is limited to around 240. the Programme revolves around the principle that world-class business leaders are not massproduced; they are nurtured and developed with personalized care and attention, in small work groups and teams, and in a practical, application-oriented user-friendly environment. Developing skills in leading and teamwork is an important facet of the programme. This anticipates practices in many of today's successful organizations. The interactive skills of effective communication, conflict management, negotiation and mobilizing individuals towards common goals are the essential ingredients of effective management. There is a strong emphasis on project work as a part of the regular courses at the Institute. While working on projects, students are required to interact with managers from the industry. A number of these projects are sponsored by organizations. On an average, a student graduating from the institute would have carried out fifteen projects, usually live, involving industry interaction and support.

The post Graduate Programme lasts six trimesters, spread over two years, with a summer project in between the two years.

The first year students are exposed to basic concepts in the areas of Marketing, Finance, Personnel Management and Human Resources Management, Quantitative methods, Operations and Behavioral Sciences through the 'core courses'. These lay the foundation for all the functional areas of management help develop problem solving skills.

In the second year, students specialize in functional areas of their interest. There is greater emphasis on the application of knowledge gained in the form of projects, group exercises and case discussions. Guest lectures supplement regular course work while the core Business Policy and Strategy course integrates the learning gained from the first year basic disciplines. Students are encouraged to take up dissertation work and to do a project on 'Contemporary Concerns' under the guidance of faculty.

 Admission to domestic candidates through CAT  Admission to overseas candidates
Admissions to the PGP are made through two channels, one for the domestic candidates and the other for overseas candidates. The admission requirements and application processes for each channel are different.

Reservation of Seats
As per the Government of India requirement 15% and 7 ½ % seats are reserved for Scheduled Caste and Scheduled Tribe candidates respectively. A further 3% seats are reserved for persons with disabilities as per the Persons with Disability Act, 1995. The qualifying candidates for the reserved seats need to meet the eligibility and admission requirements of IIMB.

Overview Domestic candidates are admitted through the regular admission channel that is based on the applications received through the Common Admission Test (CAT) conducted by the Indian Institutes of Management (IIMs). Domestic candidates are Indian nationals or foreigners normally resident in India who are in a position to take the CAT, which will be conducted on the third Sunday of November every year, at various centers in India. These candidates are required to take the CAT, and if short-listed attend a group discussion and interview, and provide three letters of reference from persons who know them closely in terms of their academic/professional performance. Final selection is based on performance in CAT, scholastic achievement, work experience, performance in the group discussions, written summary of group discussion, and interview, and three letters of reference.

Important Dates for Session beginning June-July 2007
Last date for receipt of completed CAT Applications Dispatch dates for Admit Cards Date after which IIM should be contacted (in case of non receipt of Admit Card) Common Admission Test Call for interview sent by

09th September, 2006 16th October, 2006 03rd November, 2006 19th November 2006 02nd January, 2007

Last Date for receipt of completed 31st January, 2007 applications Interview Schedule February ? March, 2007

The candidate must hold a Bachelor?s Degree, with at least 50% marks or equivalent CGPA [45% in case of the candidates belonging to Scheduled Caste (SC)/ Scheduled Tribe (ST) or Persons with Disability (PWD) category], of any of the Universities incorporated by an act of the central or state legislature in India or other educational institutions established by an act of Parliament or declared to be deemed as a University under section 3 of UGC Act, 1956, or possess an equivalent qualification recognized by the Ministry of HRD, Government of India. The Bachelor?s Degree or equivalent qualification obtained by the candidate must entail a minimum of three years of education after completing higher secondary schooling (10+2) or equivalent. The basis of computing the percentage obtained by the candidate in the bachelor?s degree would be based on the practice followed by the university/ institution from where the candidate has obtained the degree. In case of the candidates being awarded grades/CGPA instead of marks, the equivalence would be based on the equivalence certified by the university/ institution from where they have obtained bachelor's degree. In case the university/ institution does not have any scheme for converting CGPA into equivalent marks, the equivalence would be established by the IIMs by dividing obtained CGPA with the maximum possible CGPA and multiplying the resultant with 100. Candidates appearing for the final bachelor's degree / equivalent qualification examination can also apply. Such candidates must produce a certificate from the Principal/Head of the Department/Registrar/Director of the university/ institution certifying that the candidate has obtained 50% marks or equivalent (45% in case of candidates belonging to SC/ST/PWD category) based on latest available grades/marks. Such candidates, if selected, will be allowed to join the programme provisionally only if they submit a certificate latest by June 30, 2007 from the Principal/Registrar of their college/institute (issued on or before June 30, 2007) stating that they have completed all the requirements (the results may, however, be awaited) for obtaining the bachelor's degree/ equivalent qualification on the date of issue of the certificate. Their admission will be confirmed only when they submit the mark sheet and a certificate of having passed the bachelor's degree / equivalent qualification referred to in the certificate issued by the Principal/Registrar with at least 50% marks (45% in case of candidates belonging to SC/ST/PWD category). The deadline for submission of the mark sheet and the certificate is December 31, 2007. Non-fulfillment of this condition will automatically result in the cancellation of the provisional admission. IIMB would not allow any candidate to join their programme in case the candidate is unable to complete all the requirements for a bachelor degree on or before June 30, 2007. All domestic candidates are required to take the CAT.

Application Procedure & Selection
The CAT advertisement usually appears in daily national newspapers across the country in middle of July. Applying for CAT is the first step in the process for seeking admission to the Post-Graduate in Management at IIMB. CAT bulletins are available at several branches of the UTI Bank. The bulletin contains, among other information, the CAT Application Form. Carefully complete all items relevant to you in the form with a pen and mail it to the relevant IIM by the required date, with necessary attachments such as caste certificates or disability certificates, if required. The candidates can purchase application forms alternatively online, the details of which is mentioned in the advertisement. Candidates who buy application from UTI branch are also eligible to fill out their application online; subsequently the candidates is required to take print outs and attach necessary documents and submit it to relevant IIM. An interactive voice recorder system is expected to be operational from late July 2006 to answer any queries regarding application as well as admission status. The details including phone numbers is available in advertisement. The Common Admission Test (CAT-2006) will be held on November 19th, 2006. Candidates are short listed for the interview on the basis of their performance in the CAT, scholastic achievement and relevant work experience. At this stage, the short listed candidates are sent application forms to formally apply to the Post Graduate Program (PGP). Once the formal applications are received, candidates are informed of the interview schedule. Interviews are conducted at Bangalore, Calcutta, Mumbai, and New Delhi during the second half of March. Final selection is based on performance in CAT, scholastic achievement, work experience, and performance in the group discussion, summary of group discussion and interview, and three letters of reference. The CAT score is but one of the inputs at every stage of the selection process. It is possible for a candidate with a lower CAT score to be selected for interview and group discussion, and to be offered admission in preference to a candidate with a higher CAT score on account of better performance in other criteria mentioned above. If a candidate, or someone else on his/her behalf, attempts to influence the selection process by any means at any stage of the process, he/she will be barred from the selection process. Further, if a candidate produces false information at any stage in the application process, he/she will be barred from the rest of the process. Every claim made in the application, at the time of taking the CAT and in the subsequent formal application to IIMB, will have to be supported by formal documentation at the interview and registration stages. IIMB retains the right to verify the authenticity of any document that a candidate might provide. If information submitted is found to be false, at any time even after a student is admitted to the programme, he/she will be asked to withdraw from the programme. All disputes, if any, emerging out decisions related to the post graduate programmes of IIMB during the admission process and the duration of studentship will be subject to the jurisdiction of the courts in Bangalore.

Fee and Expenses Fee for tuition, room, boarding, teaching material, computer facilities, and other fees for a single student living on the campus for the batch 2007-2009 is likely to be Rs.1,75,000 per year. Personal expenses on travel, clothes, laundry, etc. are extra. Financial Aid IIM Bangalore is committed to ensure that no PGP student faces any difficulty in pursuing education at IIMB for want of financial resources. In pursuance of this policy, the Institute will provide financial aid to all needy students in the form of tuition waivers. All students whose annual household income is below Rs 2,00,000 will be eligible to apply. Students belonging to SC/ST categories will be given special consideration for financial support. Additional support to cover living expenses may also be provided, in exceptional cases. Educational loans are also available from leading banks. Students applying for bank loan are also eligible to apply for financial aid. Some Second-Year students are selected by instructors to provide tutorial assistance to First-Year students in selected subjects. Such selected tutors are paid an honorarium. In addition, a limited number of merit-based awards are available from some sponsors to partially or fully support student expenses. Awards are currently available from the Ratan Tata Trust and the Aditya Birla Group. A merit-cum-means scholarship from Bharti Enterprises is also available.


Overseas candidates are admitted through direct applications. Overseas candidates are Indian nationals or foreigners with valid passport or travel document residing outside the India and not in a position to take the Common Admission Test (CAT) conducted by the Indian Institutes of Management at various centers in India. These candidates are required to take the Graduate Management Aptitude Test (GMAT) and have an official result reported to the Indian Institute of Management Bangalore (IIMB). The GMAT code number for IIMB is 7036. Final selection is based on performance in GMAT, scholastic achievement, work experience, and three letters of reference. Last Date for receipt of completed application : February 17th, 2007

Admission Requirements
The minimum admission requirements are: A bachelor's degree with a minimum of three years at a university. Graduate Management Aptitude Test (GMAT) score (including AWA score). Overseas' Candidates refer to Indians resident outside India and foreign nationals. In order to qualify as an Indian resident abroad, a candidate should have been/expect to be resident outside India for a period of 18 months between 1st January 2004 and 31st December 2006 for acquiring a graduate/ post-graduate degree and/ or working as an executive, and be outside India during the CAT examination. Foreign nationals need to have a valid passport/travel document from a country other than India.

Fee and Expenses
The Programme fee is US $ 15,000 per year. This fee covers tuition, teaching material, computer use, library, and accommodation in the Institute hostel. Food, travel, and other personal expenses are not covered in this fee

Application Procedure The application form (pdf) and letter of reference (pdf) blanks can be downloaded from this site. Candidates may download the application form and send a completed form to the Incharge Admission (address below), along with a fee of US $ 100.00 (by bank draft drawn in favor of Indian Institute of Management Bangalore payable at Bangalore, India). Candidates may also download the Reference Letter blanks and give them to the referees, so that the referees may mail them to the Incharge Admissions separately. or Candidates may write to the Incharge Admissions (address below), along with a fee of US$ 100.00 (by bank draft drawn in favour of Indian Institute of Management Bangalore payable at Bangalore, India), for the Application Form/Letter of reference blanks. Candidates can then complete the application form and mail it to the Incharge Admission, and give the letter of reference blanks to their referees, so that the referees may mail them to the Incharge Admission separately. Administrative Officer Admissions Office Indian Institute of Management Bangalore Bannerghatta Road, Bangalore 560 076 INDIA Tel (91) 80 26993188 / 26993013

Selection will be based on GMAT scores, scholastic merit, work experience and three letters of reference.


Increasingly recognized by recruiters, competitors, alumni, students and faculty alike, as India's most innovative and internationally oriented business school, IIMB is steadily improving its ratings among the top ten business schools in the Asia Pacific region. Its academically strong and multi-talented students score over nearly 50000 other applicants to get selected. Many IIMB graduates go through a substantive international experience as exchange students at the top schools of North America, Europe and Australia or in their summer assignments in North America, Japan or Europe or in an innovative new course that requires work at Singapore and Bangkok. It is this rich and varied educational experience and international cultural and corporate exposure that makes IIMB graduates ideal candidates for taking up a range of challenging managerial roles in your organization. IIMB graduates go through a recently revised, balanced but rigorous program that ensures a complete coverage of core courses in the first year and a large range of optional courses in the second year, offered by a faculty who have substantive international teaching, research or consulting experience. IIMB is recognized for pioneering new types of courses and revising its curriculum frequently to keep pace with new trends worldwide in educational pedagogy. Apart from course work, students build their managerial skills and perspectives by conducting consulting assignments for local firms and interacting extensively with executives who speak at industry interaction forums and invitation seminars on campus.

Q1. Do I have to take CAT for getting admission in to FPM? . Yes, admission to FPM is through CAT exam Ans Q2. What's the degree/title that I get at the completion of the course? Ans. You are awarded the title 'Fellow of IIM Bangalore'. FPM is
equivalent to a Ph.D. programme.

Q3. What's the average time to complete the course? Ans. One usually takes 4-4.5 years to finish thesis work. And
hence gets the degree usually in 5th year's convocation. But one can start working after thesis work is completed. Total maximum allowed time to complete FPM is seven years.

Q4. Do I apply for a specific area or can I choose my area after getting admission? Ans. You have to apply for a specific area. Area to which you
have applied will decide on your suitability for admission. You can not change your area of enrolment once admitted.

Q5. Is separate accommodation for married people available? Ans. Right now there's no provision for such accommodation. We
are working on it, though.

Q6. I think I might need more money to sustain myself. Are there some avenues available other than stipend? Ans. What generally happens is if you are proactive, you can get
projects to do with the faculty who are consulting to some outside organizations. And maybe sometimes on your own as well you can get assignments. Also, some FPMs every year also get to be the teaching/grading assistants for various PGP courses. So that's another avenue of income.

Q7. What about placements? Ans. Either you can join teaching in one of the management

schools, offers for which are plenty or you could join corporate after FPM. You can go through the PGP placement process if u want at the time of graduation. Generally people over these 4 years make sufficient contacts in the industry so that they have no problem with placements. To give you an idea, last year (Feb 2000), 4 FPMs appeared in the placement process and got placed with various companies along with PGPs. HCL Info systems, Planet Asia, BCG (New York) etc... There's no specific placement services for FPMs separately.

Management Review invites corporate, institutional and products or services advertisement.

25% discount available in case of single orders for atleast four full page insertions during a twelve month period of 4 quarterly issues of the Review. A 30% discount will be offered in case of orders for two years, eight full page insertions. This can be used in any combination during the contract period, for example, one page each in four issues, or four pages in one issue or any other such combination. Advertisement material may be sent in as bromide artworks or positives. You may also send your artwork by email. In case you want to send your artwork by email kindly download the form and send it as an attachment to review@iimb.ernet.in

Business success or failure is largely dependent on how the various functional areas in management are combined to produce and deliver value to different stakeholders. This integration of functions is taking place in a continuously changing and complex environment. The Corporate Strategy & Policy Area (CSP) deals with issues related to the formulation and implementation of management and change strategies as organizations strive to remain successful and grow in an increasingly complex, competitive and globalised world. It is therefore interdisciplinary by nature and requires an understanding of all functional areas. The Area is well endowed in terms of faculty resources for dealing with these complex problems. The areas of research interest of the faculty in the CSP Area cover the entire spectrum of problems that affect the globalised businesses of today. Apart from the core area of strategic management these areas include international business, strategic alliances, new product development, and the management of technology & innovation.

Faculty in the Finance and Control (F&C) Area have research, teaching and consulting expertise in financial accounting, managerial accounting and control, corporate governance, corporate finance, capital markets (including equity, fixed-income securities and derivatives), and financial institutions and services (including banking and insurance). In the Post-Graduate Programme in Management, the F&C Area offers compulsory courses on managerial accounting and corporate finance, in the first year. The Area offers a large number of elective courses in the second year covering: corporate finance, financial markets, financial institutions, project financing, accounting and control, corporate governance, and taxation. The Area is similarly involved in the PostGraduate Programmes in Software Enterprise Management and Public Policy and Management. The area offers Financial Economics-I and Financial Economics-II, and Accounting Theory to doctoral students. Area faculty offer several executive education programmes intended for finance professionals. The Area faculty is also involved in a number of other domestic and international executive development programmes offered by IIMB.

The Economics and Social Sciences area covers the domains of Economics, political economy and society and Business Law. The faculty specialise in the following fields: Economics:
* Micro economics, Monetary Policy, Econometrics, industrial organization, Regulation and Privatization Macro economics, International Trade, WTO, IPR Development, Health and population, Gender Financial Economics, International Finance, International Monetary Economics

Environment, Energy and Infrastructure (Electricity, telecommunications)

Social Sciences:
Political economy, Sociology Ethics, Spirituality, Innovation and Creativity • Law

IIM Bangalore has the strongest Marketing Department among the leading management institutes in the country. Its nine full time faculty with a combined academic and international experience which combines experience and youth. All the members in the Area have industry experience, prior to their doctoral work or before joining academics. Faculty of the area have obtained Ph.D. / Fellowship from leading institutions in India and abroad. The marketing faculty in the Institute has engaged in research and are offering post graduate courses in the area of Brand Management, Product Management, Business to Business Marketing, Competitive Marketing Strategy, Consumer Behavior, Global Branding, International Business Negotiations, Marketing Theory, Customer Relationship Marketing, Services Marketing. The members are also actively involved in various industry and corporate forums through participation in seminars, workshops and as professional members on the Corporate Boards

The faculty, well-known and highly respected in their respective academic fraternities, is really what distinguishes IIMB from the other business schools. They are drawn from among the best minds in the country, especially in the fields of Strategy, Finance, Economics, Marketing and Operations, and share among themselves a wealth of industry experience. This affords the Institute an extensive network of contacts which are instrumental in getting consultancy assignments, live student projects and industry inputs so essential to quality management education. The faculty includes acclaimed scholars and award winning professors drawn from all management disciplines. The eclectic blend of faculty, academicians, researchers, and professionals drawn from India and abroad, with their fund of managerial expertise, gives IIMB a unique professional standing in the country







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