“Entrepreneurship and innovation’ are the key to pursuit of excellence, said Bala V Balachandran, noted Management expert and JL Kellogg Distinguished Professor (Emeritus in Service) of Accounting & Information, North-western University, US.
He said that 2,000 years back, India was the hub of education and now too the future of learning is in India, while delivering the 21{+s}{+t} convocation address of the PGDM program of Vignana Jyothi Institute of Management(VJIM), here. 195 students were conferred the PG diploma. Four have become entrepreneurs while the others have been placed in Deloitte, ING Vysya, Mahindra, Godrej, ICICI Bank, IndusInd Bank, Axis Bank, HDFC Bank, IBM and Cognizant etc.
He announced the sponsorship of an award for the best innovation in entrepreneurship called the ‘Balachandran Entrepreneurship Award.’
Balachandran, who is also Dean and Chairperson, Great Lakes Institute of Management, Chennai defined the mantra for success as mobility, humility and nobility for students. Emphasising the value of entrepreneurship and innovation in the pursuit of excellence he explained the importance of Guru and his role in carving the lives of the students.
Presiding over the event, B Krishnaiah, Vice-President, Vignana Jyothi Society stressed on the growing need for multifaceted management graduates in today’s world. He expressed confidence that the Institute students were adequately trained to face the challenges of the business world.
Kamal Ghosh Ray, Director, VJIM, outlined the steady progress made by the institute over the past two decades. He highlighted the novel approaches adopted by the school, such as – Career Vision Schooling, Process Oriented Guided Enquiry Learning, Socratic Dialogue, Business Model Testing, Business Simulation in addition to the proven conventional methods such as chalk and talk.
In 2015, VJIM was accredited by National Board of Accreditation and National Assessment and Accreditation Council. It is endeavouring to align the PGDM program with levels 8, 9 and 10 of the Nation Skill Qualification Framework, requiring application of specialized and cognitive knowledge in unpredictable situation.