This collaboration aims to address the growing need for leadership in the healthcare industry by integrating management principles with advanced medical technology.

Notable attendees from IIM Lucknow included Prof. Kshitij Awasthi, Associate Professor
Strategic Management and Prof. Girish Balasubramanian, Assistant Professor, Human Resource Management.

Director of IIM Lucknow

Prof. Archana Shukla, Director, IIM Lucknow, said they are thrilled to partner with IIT Kanpur to bring forth a program that combines the strengths of management and technology in addressing the complex challenges of the healthcare sector.

We believe this joint program will foster innovative solutions that can significantly improve healthcare management in India and globally, said IIM Lucknow director.

Professionals

The Postgraduate Program in Healthcare Management will serve professionals from various fields, including healthcare workers and doctors in public hospitals, say sources from IIM Lucknow.

The course is designed to blend expertise in medical technology with business administration, empowering participants to spearhead advancements in healthcare delivery and innovation, say sources from IIM Lucknow.

The postgraduate joint degree program in Healthcare Management is a key component of our Gangwal School of Medical Sciences and Technology initiative, which seeks to enhance the integration of medical technology and innovation into our curriculum, he said.

By leveraging the strengths of both institutions, we are positioning our graduates to address the pressing challenges of healthcare with a holistic and forward-looking approach, he said.

Collaboration

The joint program will collaborate closely with IIT Kanpur’s Centre of Excellence in Digital Health, working with international institutions critical to India’s healthcare landscape.

The initiative seeks to produce leaders equipped to tackle the evolving challenges of healthcare management and foster the integration of cutting-edge technology into medical practice.

Education

IIM Lucknow anticipates that this partnership will significantly enhance healthcare management education and research, helping to cultivate professionals capable of contributing to a stronger, more innovative healthcare system in India.

About IIM Lucknow

Indian Institute of Management Lucknow, established in 1984, is the fourth in the prestigious IIM family of management schools to be established in India after IIM Calcutta, IIM Ahmedabad, and IIM Bangalore.

In 2005, IIM Lucknow expanded its area of influence in the realm of management education by becoming the first IIM to set up a satellite campus exclusively for Executive Education at NOIDA in Delhi NCR region.

IIM Lucknow is accredited by AACSB and AMBA while its EQUIS Accreditation is ongoing. The institute features in the prestigious FT -100 Top Global Business schools for both the 2-year Flagship PGP program and One-year IPMX Program.

It is also consistently ranked amongst top business schools in the NIRF Rankings. IIML was the first IIM to start a 2-year full time MBA program in Sustainable Management 10 years back. It also has a long-standing full-time MBA program in Agri Business Management.

Throughout its last 40 years’ journey IIML has touched millions of lives through its academic programs, executive education programs, research, and consulting.

The centers for excellence at IIM Lucknow including the Centre for Public Policy, Centre for Food and Agribusiness Management, Centre for Business Sustainability, Centre for Marketing in Emerging Economies, to name a few.

They regularly carry out evidence-based research and interventions in public policy and management practice. Faculty of IIML also feature in top 2% of global scientists for research output and impact.

The alumni of IIML now occupy top positions in the world of business, public policy and in several other fields.

Situated in a city known for its cultural heritage, the campus is spread over more than 190 acres of beautifully landscaped area.

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With its foundation in the city of “Tehzeeb”, IIM Lucknow inculcates human values and professional ethics in the students to help them make a positive impact not just on the nation but on a global platform. IIM Lucknow has an ideal setup conducive to learning, accessibility and excellence.

This study highlights how entrepreneurs driven by sustainability navigate the complexities of aligning economic objectives with broader societal and environmental goals, even under the pressure to prioritize profit alone, say sources from IIM Lucknow.

Values

The research emphasises how sustainability-oriented values in founders drive Sustainable Business Model Innovation (SBMI), say sources from IIM Lucknow.

This ripple effect fosters a larger ecosystem of sustainable businesses, redefining success to include positive contributions to environmental and social well-being alongside profitability.

Research

Prof. Krishna Chandra Balodi, Strategic Management, IIM Lucknow spoke about the research.

Our research illustrates the transformative influence of founders’ sustainability values on business models that address pressing global challenges, said Prof Krishna of IIM Lucknow.

These entrepreneurs redefine success by integrating their principles into their ventures, striking a balance between profit and meaningful environmental and social impact, he said.

Suscom

The research centers on “Suscom,” a startup renowned for its sustainable practices. By delving deeply into Suscom’s operations, the study revealed that the founders’ values permeate every facet of the business—from product innovation to strategic partnerships.

These values are rooted in a blend of influences, such as family upbringing, sustainability-focused education, and early career experiences with non-profits advocating for environmental and social causes, say sources from IIM Lucknow.

Attention

The research also brings attention to the unique challenges faced by sustainable startups, such as:

Recruiting employees with a sustainability mindset: Building a workforce aligned with the company’s goals.

Eco-friendly sourcing: Procuring sustainable raw materials.

Green logistics: Finding partners who offer environmentally friendly logistics solutions.

Collaborative partnerships: Working with like-minded stakeholders.

Innovative strategies: Developing creative, low-tech production methods that minimise energy consumption and environmental impact.

Standout findings

One of the standout findings is Suscom’s use of traditional and indigenous techniques to reduce energy consumption.

These methods not only align with global decarbonisation efforts but also present an eco-friendly alternative to high-energy industrial processes, say sources from IIM Lucknow.

Significance

As businesses worldwide face mounting pressure to address sustainability and climate change, this research underscores the significance of value-driven leadership, say sources from IIM Lucknow.

It serves as a beacon for entrepreneurs to adopt sustainable practices that not only ensure financial viability but also contribute meaningfully to societal and environmental progress, say sources from IIM Lucknow.

Personal values

By offering valuable insights into how personal values can catalyse sustainable innovation, the study reinforces the need for business leaders to think beyond profits and prioritise long-term, equitable growth.

In 2005, IIM Lucknow expanded its area of influence in the realm of management education by becoming the first IIM to set up a satellite campus exclusively for Executive Education at NOIDA in Delhi NCR region.

IIM Lucknow is accredited by AACSB and AMBA while its EQUIS Accreditation is ongoing. The institute features in the prestigious FT -100 Top Global Business schools for both the 2-year Flagship PGP program and One-year IPMX Program.

It is also consistently ranked amongst top business schools in the NIRF Rankings. IIM Lucknow was the first IIM to start a 2-year full time MBA program in Sustainable Management 10 years back. It also has a long-standing full-time MBA program in Agri Business Management.

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