Welcoming Prof. Nanda, Professor Rakesh Chaudhry, Senior Director IILM, shared that IILM launched the Global Thinker Award in 2006, to celebrate and honour those distinguished individuals who have contributed substantially to the global stream of consciousness, ideas, and knowledge, and have made a significant difference in the national and global community.
In the past years, IILM has conferred the Global Thinker Award on Lord Bhikhu Parekh, Dr. M.S. Swaminathan, Professor C.K. Prahalad, Mr. Sam Pitroda, Lord Meghnad Desai, Dr. Shashi Tharoor, Professor Andre Beteille, Professor Soumitra Dutta and Mr. Naveen Jain.
IILM is one of the leading business schools in India offering undergraduate, postgraduate, and executive education programmes in management.
IILM has been inducted in the leadership group of the United Nations Global Compact PRME initiative - Principles for Responsible Management Education. This leadership group works on planning and implementing the framework of responsible management and leadership education. IILM is one of the two business school from India to be a part of this lead group of champion business schools. IILM, along with Babson College, USA, and Copenhagen Business School, Denmark, is also the co-lead for the faculty development initiative for PRME.
In EdUniversal ranking of the best business schools in India for the year 2015, IILM has been Ranked 11 in 3 Palmes of Excellence category, based on Deans’ recommendations.
Prof. Ashish Nanda has a Ph.D. in Business Economics (Harvard), AM in Economics (Harvard), PGDM in Management (IIM Ahmedabad), and B.Tech. in Electrical Engineering (IIT Delhi). Prior to his doctoral studies, he worked for five years with the Tata group of companies as Tata Administrative Services officer.
A recipient of the Henry B. Arthur Fellowship, the Harvard University Center for Ethics in Professions Fellowship, President of India Gold Medal (twice), and the IIM Director’s Gold Medal, he has published several case studies and Harvard Business Review articles. He taught at the Harvard Business School and Harvard Law School for 20 years and has advised numerous professional services companies.
While accepting the award, Prof. Nanda, expressed his gratitude with generosity of spirit and warmth and thanked IILM for conferring this award.
In a lecture delivered on ‘Profession’ of Management, Prof. Nanda, spoke about management as a profession and explained the meaning of the word profession which means Profess, i.e. “making a claim or commitment to super-ordinated goal.” He brought up whether like any other profession, legal, medical and military, the management profession too needs to take a vow to serve their clients’ interests and always keep the clients interest above their own. He emphasized that the necessity to vow is paramount as input and output of the services rendered by the professionals are not verifiable or measurable by their clients.
He wondered if the management can be called as a profession. In his opinion, if management is to be a profession, it needs to have its own association, cognitive base, licensing and code of ethics, which puts the moral obligation on the profession and to achieve super-ordinate goal, social status, respect, pride, attorney for the nature of work done towards their clients. Thus, it becomes imperative for the management professional to take a vow to achieve superordinate goal that would serve the best interest of his client.
Dr. Smitha Girija, Director, IILM, thanked Prof. Nanda and the distinguished guests. The award ceremony closed with the singing of National Anthem.
Professor Ashish Nanda and Mrs.Malvika Rai, Chairperson IILM lighting the lamp
Mrs. Malvika Rai presenting Award Citation to Professor Ashish Nanda
Professor Ashish Nanda delivering his speech on the “Profession” of Management
Engrossed Audience listening to Professor Ashish Nanda’s speech
Mr. and Mrs. Rai presenting caricature to Professor Ashish Nanda