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

With the country’s growing economy and increasing demand for skilled managers, an MBA degree from a reputable institution in India can open doors to exciting career opportunities.

Study duration

The two-year program typically includes coursework, case studies, projects, and internships, providing students with a comprehensive understanding of business principles and practices.

Many Indian business schools have partnerships with international institutions, providing students with access to global perspectives and best practices.

Studying MBA in India in 2025 also provides a unique cultural experience. With a diverse student body and faculty, students can learn from different perspectives and develop a global mindset.

In terms of career prospects, Studying MBA in India in 2025 can lead to exciting opportunities in various industries, including finance, marketing, human resources, and operations.

Many Indian companies, including multinational corporations, recruit MBA graduates from top Indian business schools.

Eligibility for studying MBA in India in 2025

To be eligible for studying MBA in India in 2025, candidates typically need to meet the following requirements:

Educational Qualifications

1. Bachelor’s Degree: A bachelor’s degree in any discipline from a recognized university.

2. Minimum Marks: A minimum of 50% aggregate marks in the bachelor’s degree (45% for reserved categories).

3. Equivalent Qualifications: Candidates with equivalent qualifications, such as CA, CS, ICWA, etc., may also be eligible.

Entrance Exams

Candidates aiming for studying MBA in India in 2025 must also be prepared to write certain entrance exams.

The initial selection of candidates may be done based on scores in some well-known entrance exams.

List of some of the entrance tests to be prepared in case one wishes to study MBA are below:

1. CAT (Common Admission Test): Conducted by the Indian Institutes of Management (IIMs).

2. MAT (Management Aptitude Test): Conducted by the All India Management Association (AIMA).

3. XAT (Xavier Aptitude Test): Conducted by the Xavier Labour Relations Institute (XLRI).

4. GMAT (Graduate Management Admission Test): Conducted by the Graduate Management Admission Council (GMAC).

5. CMAT (Common Management Admission Test): Conducted by the National Testing Agency (NTA).

Other Requirements

1. Work Experience: Some MBA programs may require or prefer candidates with work experience.

2. Language Proficiency: Candidates may need to demonstrate proficiency in English, as it is the medium of instruction for most MBA programs in India.

3. Age Limit: There is no upper age limit for pursuing an MBA in India.

2. Reservation Policies: Indian institutions have reservation policies for candidates from reserved categories (SC/ST/OBC). Candidates must check the reservation policies for their chosen institution.

What would one study?

There are lot of lessons one would be studying as a part of MBA course. Candidates aiming for studying MBA in India in 2025 can know the courseware below:

Core Courses

– Business Ethics and Governance: Covers the importance of ethics and governance in business decision-making.

– Strategic Management: Focuses on the development of strategic thinking and decision-making skills.

– Marketing Management: Explores the principles of marketing, including market research, segmentation, and brand management.

– Financial Management: Covers financial concepts, including financial statement analysis, budgeting, and capital structure.

– Human Resource Management: Focuses on the management of human resources, including recruitment, training, and development.

– Operations Management: Explores the management of business operations, including supply chain management and quality control.

Specializations

MBA programs in India offer various specializations, including:

– MBA in Marketing Management: Focuses on the development of marketing skills, including market research, brand management, and advertising.

– MBA in Finance: Covers financial concepts, including financial statement analysis, budgeting, and capital structure.

– MBA in Human Resource Management: Focuses on the management of human resources, including recruitment, training, and development.

– MBA in Operations Management: Explores the management of business operations, including supply chain management and quality control.

– MBA in Information Technology: Covers the application of IT in business, including software development, data analytics, and cybersecurity.

– MBA in Logistics Management: Focuses on the management of logistics and supply chain operations.

– MBA in Event Management: Covers the planning, organization, and execution of events.

– MBA in Rural Management: Focuses on the management of rural development projects and programs.

Electives

Electives allow students to explore specific areas of interest and develop specialized skills. Some popular electives include:

– Business Analytics: Covers the use of data analytics in business decision-making.

– Digital Marketing: Explores the use of digital channels in marketing.

– Entrepreneurship: Focuses on the development of entrepreneurial skills and mindset.

– International Business: Covers the principles of international business, including global marketing, finance, and logistics.

The curriculum for MBA programs in India may vary depending on the institution and specialization.

It’s essential to research the specific curriculum and specializations offered by different institutions to find the best fit for your career goals.

Top colleges and fees

What are some of the most popular colleges that are known for offering management courses? The answer is mentioned below, students keen on studying MBA

Government MBA Colleges

– IIM Ahmedabad: Ranked 1st in NIRF 2024, with a total course fee of INR 25 lakh and an average package of INR 34 lakh¹

– IIM Bangalore: Ranked 2nd in NIRF 2024, with a total course fee of INR 24.5 lakh and an average package of INR 30 lakh

– IIM Calcutta: Ranked 5th in NIRF 2024, with a total course fee of INR 27 lakh and an average package of INR 28 lakh

– IIT Delhi: Ranked 4th in NIRF 2024, with a total course fee of INR 11.2 lakh and an average package of INR 18 lakh

– FMS Delhi: With a total course fee of INR 2 lakh and an average package of INR 34 lakh

Top Private MBA Colleges

– XLRI Jamshedpur: Ranked 9th in NIRF 2024, with a total course fee of INR 24.20 lakh and an average package of INR 25 lakh

– MDI Gurgaon: With a total course fee of INR 25 lakh and an average package of INR 20 lakh

– SP Jain Institute of Management and Research: With a total course fee of INR 20 lakh and an average package of INR 25 lakh

– NMIMS School of Business Management: With a total course fee of INR 12 lakh and an average package of INR 18 lakh

– IIM Kozhikode: With a total course fee of INR 20.50 lakh and an average package of INR 20 lakh

– IIM Lucknow: With a total course fee of INR 14.3 lakh and an average package of INR 18 lakh

– IIT Madras: With a total course fee of INR 8.92 lakh and an average package of INR 15 lakh.

Point to remember

The fees shown above to be paid for studying MBA in India in 2025 is generalized in nature, it is provided for the students to have a general idea about the amount to be paid.

The exact amount may vary from one college to another due to various reasons.

Those aiming for studying MBA in India in 2025 can visit the colleges or their websites to know about the exact fee amount

Rewarding experience

Studying MBA in India in 2025 can be a challenging but rewarding experience. With the right mindset and support, students can develop the skills, knowledge, and network needed to succeed in their careers.

Studying MBA in India in 2025 is an excellent choice for students and professionals looking to advance their careers.

With its unique blend of academic rigor and practical experience, Studying MBA in India can provide students with a comprehensive education and exciting career opportunities.

Also Read – Top 20 Management Colleges in India in 2024: 2024 NIRF Ratings