Mysore biz school joins BRICS

Sri Dharmasthala Manjunatheswara Institute for Management Development (SDMIMD) has joined the BRICS (Brazil, Russia, India, China and South Africa) Business Schools consortium to ensure world class education and knowledge sharing for the future managers.

A part of the Shri Dharmasthala Manjunatheshwara Educational Trust, SDMIMD has been in management education for over a decade and has exchange programmes with Texas A&M University and Shanghai University already. The trust runs over 40 educational institutions including higher education centres in medical, engineering, dental and management sciences. It is also involved in charity work and social upliftment.

Ramesh Venkateswaran, director, SDM-IMD says, “Our associations with such global institutes will give our students a wider perspective of the world of business management. With these new relationships formed, SDMIMD, we can say, is now truly a global management education provider.”

BRIC, an acronym coined by Goldman Sachs in 2001 to categorise the leading emerging economies — Brazil, Russia, India and China — which have the potential to rank as the four dominant economies of the world by 2050. This led way for many associations amongst these countries for mutual benefits and growth of economy. Later South Africa was added in the list due to its promising future creating the new acronym, BRICS.

The BRICS Business Schools joined hands in April 2008 in Shanghai for mutual cooperation. The same year, a memorandum of cooperation among BRICS universities was signed in Moscow. The consortium intends to promote quality management education and contribute to the global economy through academic exchanges and co-operation among business schools.

This is expected to provide enormous benefits to faculty and students alike in these partnering countries.

“The world is shrinking, and today a manager needs to gear up for challenges on a global scale. Keeping the slowdown in mind, we have to make sure the new managers are well prepared in enduring this and bring the economy back with their skills, ingenuity and entrepreneurial talents,” says Ramesh.

The other members of the BRICS Business School Consortium are FGV-EAESP (Brazil), State University for Management (Moscow), Xavier Institute of Management and Entrepreneurship, PSG Institute of Management (both from India), University of International Business and Economics, Guangdong University of Foreign Studies, Shantou University, Renmin University of China (all from China) and Graduate School of Business (University of Kwazulu Natal, South Africa).

SDMIMD is considered to be one of the best B-schools in India, doing consistently well on key parameters in many B-school surveys. It possesses more than a decade of experience in setting the standards of management education.

Texas A&M University, established on 1876 as Texas’ first public institution of higher learning, is today a bustling 5,000-acre campus with 46,000-plus students and a nationally recognized faculty, It has two branch campuses, one in Galveston, Texas, and the other in the Middle Eastern country of Qatar. Many of its degree programmes are ranked among the top 10 in the country.