Indian economy is on the threshold of rapid growth and is passing through a transitional phase, ever since the policy of globalization and liberalization was introduced, way back in early nineties. The process of liberalization has made the business environment highly complex and has thus posed multiple challenges to the corporate leaders to perform and deliver results in their domain of operations.
The business leaders have started realizing that their success in the increasingly complex and fast changing business environment much depends upon a holistic approach to deal with and manage problems, with focus on building a value-based organizational culture. Effective management helps in sorting out situations of resource scarcities in the physical, technical or human aspects through optimum deployment by using appropriate systems, procedures and processes to achieve results.
Lal Bahadur Shastri Institute of Management (LBSIM), New Delhi was set-up in 1995 to perpetuate the memory of second Prime Minister, Bharat Ratna Shri Lal Bahadur Shastriji. It is a pioneering institution with a distinct philosophy of education that prepares young minds to become future leaders in different walks of life. They are equipped with desired conceptual, technical, design and human skills to analyze, diagnose comprehend and solve problems by adding the much needed value proposition. A due emphasis is laid on developing a holistic personality with strong values to respond effectively to organizational challenges. The system and processes of education at LBSIM gives due importance to Western approach towards management that emphasizes on providing a focus on efficiency, dynamism and striving for excellence along with Indian values in management that emphasize on holistic attitude of lokasangraha- for the welfare of many, for the good of many. Swami Vivekananda had stated that it was the combination of both these approaches that would certainly create future leaders of India who will be far superior to any that have ever been in the world
LBSIM has a dedicated pool of intellectual capital by way of its faculty members who have rich and diversified experience of teaching, research and the corporate world. They make learning experience in classroom and outside the classroom enjoyable and memorable. Faculty members are deeply involved in organizing seminars, workshops, conferences and management development programs for up-gradation of knowledge and skills of working professionals. It has rich resource base by way of a library having e-resources as also hard copies of a large number of books and journals, management education software, case depository, technology inputs for imparting education and incubation opportunities. LBSIM is one of the premier and prominent sought after institution imparting management education that provides distinct experience and exposure to prepare future value based leaders who can contribute their best to growth and development of Indian and global economy.
LBSIM keeps experimenting and innovating in the field of imparting management education that gives to its students courage to face the unknown, commitment and persistence to achieve goals, virtues/values for pursuing excellence and an attitude of “Can Do” spirit. A distinct emphasis is also laid in inculcating spirit of entrepreneurial leadership in them. The institute encourages students to organize different activities independently or with the support and guidance of faculty such as - management conventions, business plan competitions, talks by leading professionals, cultural events, sports activities for their holistic development that adds the much needed value by inculcating in them skills - organization, team building, decision making and financial management. The institute has close collaboration with the corporate world for mutual benefits such as summer placements to students, introduction of need based new courses and inputs in the curricula, guest speakers and management development programs to meet manpower development needs of the corporate sector as also intellectual inputs by way of consulting for solving their live problems by young minds and experienced faculty. It has been especially nurturing relationships with the corporate world to extend best of placement opportunities to its graduates.
The will to win, the desire to succeed, the urge to reach your full potential... these are the keys that will unlock the door to personal excellence.
Dr. D. K. Srivastava