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.

Also Read – IIT Guwahati Develops great sustainable geopolymer

Both are two great academic programs that prepare students for a career related to the marine world.

While these two courses offer knowledge and skill set required to commence careers related to the marine world, but there is enough confusion among the students when it comes to choosing the courses.

Marine Engineering vs Ocean Engineering Eligibility

Marine Engineering vs Ocean Engineering eligibility is about the criteria students must fulfill to be eligible to apply for these courses. More information about Marine Engineering vs Ocean Engineering eligibility criteria is mentioned below:

– Marine Engineering: Pass your 10+2 examinations with a minimum of 60% marks in physics, chemistry, and mathematics.

– Ocean Engineering: Pass your 10+2 examinations with a minimum of 60% marks in physics, chemistry, and mathematics, with a strong foundation in biology and environmental science.

Marine Engineering vs Ocean Engineering differences

Marine Engineering vs Ocean Engineering differences is about unique points related to both of these academic programs. These points differentiate both the courses from each other and are not common between them. Details regarding Marine Engineering vs Ocean Engineering differences are provided below:

– Marine Engineering: Focuses on the design, construction, and maintenance of ships, boats, and other marine vessels.

– Ocean Engineering: Focuses on the design, construction, and maintenance of offshore platforms, pipelines, and other ocean-based infrastructure.

Marine Engineering vs Ocean Engineering similarities

Marine Engineering vs Ocean Engineering similarities is about those points that are common to both the academic programs. These points feature equally in both the courses. Details about Marine Engineering vs Ocean Engineering are provided below:

– Interdisciplinary Approach: Both fields require an interdisciplinary approach, combining principles from engineering, physics, mathematics, and environmental science.

– Problem-Solving Skills: Both fields require strong problem-solving skills, with an emphasis on analytical thinking, creativity, and innovation.

Marine Engineering vs Ocean Engineering course lessons

Marine Engineering vs Ocean Engineering course lessons is about the subjects that would be taught to students of these courses. The details are mentioned below for the sake of the students:

– Marine propulsion systems

– Ship stability and dynamics

– Marine electrical systems

Ocean Engineering:

– Oceanography and marine geology

– Offshore platform design and construction

– Pipeline engineering

– Coastal engineering and management

Marine Engineering vs Ocean Engineering admission process

Marine Engineering vs Ocean Engineering admission process is about the procedure to be followed by educational institutions to admit students into these courses.

Information regarding Marine Engineering vs Ocean Engineering admission process is mentioned below for the sake the students. The admission process involves:

– Entrance Exams: Appear for entrance exams like JEE Main, JEE Advanced, or state-level exams.

– Counseling: Participate in counseling sessions conducted by the respective colleges or universities.

– Seat Allocation: Secure a seat in a reputable college based on your entrance exam scores and counseling sessions.

Marine Engineering vs Ocean Engineering colleges

This is about the educational institutions offering the courses, these colleges are located across India and are quite popular. Details are mentioned below for the sake of the students:

Marine Engineering

South India

– Cochin University of Science and Technology, Kochi

– Indian Maritime University, Chennai

– HIMT College, Chennai

– CMC, Coimbatore

East India

– C.V. Raman Global University, Bhubaneswar

– MAKAUT, Kolkata

– Lovely Professional University

– Chandigarh University

West India

– Marine Engineering and Research Institute, Mumbai

– Ganpat University, Mehsana

Ocean Engineering

South India

– Indian Institute of Technology Madras (IITM)

– Academy of Maritime Education and Training University (AMET)

– Cochin University of Science and Technology (CUSAT)

East India

– Indian Maritime University (IMU), Kolkata

– The Neotia University

West India

– Indian Institute of Technology Bombay (IITB)

– Ganpat University

Other Notable Colleges

– National Institute of Technology Karnataka (NITK)

– Sri Venkateswara College of Engineering

Fees

This is the amount to be paid while studying the course, while marine engineering may cost Rs 40,000 to Rs 1,00,000 per year, the same for ocean engineering likely stands at Rs 55,000 to Rs 2,00,000 per year.

Points to remember

Marine Engineering vs Ocean Engineering are two great courses, details provided above are general in nature and are meant to provide basic guidance to students when it comes to choosing the courses.

The information has been provided after approaching various sources in both online and offline platforms, there may be changes due to various reasons with regards to fees, course names, course continuity, colleges offering the courses and so on.

Students willing to know more information with regards to Marine Engineering vs Ocean Engineering may also refer various sources to get details.

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