ISB: A Leading Business School in India
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ICMR HOME | Case Studies Collection
Case Details:
Case Code : BSTR106
Case Length : 17 Pages
Period : 1995 - 2004
Organization : Indian School of Business
Pub Date : 2004
Teaching Note :Not Available
Countries : India
Industry : Higher Education
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Please note:
This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
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Background NoteThe idea of starting ISB was conceived in late 1995. The founders had a vision to create a unique and enduring global, research-oriented and independent academic institution to nurture, train and transform the coming generation of students into future leaders and entrepreneurs of global stature.
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ISB's governing board was formed in early 1996, with Rajat Gupta (Gupta), former managing director of McKinsey & Company Worldwide, as its Chairman. The board comprised eminent business leaders representing diverse industries from both Indian and foreign corporates.
An executive board with well-known business and academic personalities including Rahul Bajaj, Anil Ambani, Narayana Murthy, KV Kamath, MS Banga, YC Deveshwar, Adi Godrej (Godrej), Sumantra Ghoshal (Ghoshal) and others on it, was also formed. (Refer Exhibit I for ISB's governing board & executive board members). The founders faced several challenges while establishing the school. The selection of a site for the school was the first hurdle.
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The founders had to tackle the Indian bureaucratic system that is quite notorious for unnecessary delays in allowing new projects to get off the ground. Funding the total cost of the project which was estimated to be around $80-100 million (mn)6 was yet another challenge.
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However, generous donations from Indians settled in the US and other countries helped the founders raise the funds required to start the school. ISB received generous support from corporates hailing from a wide range of industries.
Companies like Mahindra & Mahindra (M&M) and Hindustan Lever Limited (HLL), extended their marketing support to ISB. ICICI Bank and HDFC Bank arranged to provide loans for the selected students of ISB.
Citibank, McKinsey and Hong Kong and Shangai Banking Corporation (HSBC)
announced scholarships for meritorious students. |
After a lot of deliberations over where the school should be
set up, the founders decided they would opt for one of the larger metropolitan
cities like Kolkata,
Bangalore or Mumbai...
Excerpts >>
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