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IIM & varsity in class, room deal

Ranchi, June 20: You don’t need to be a management student to know it is a good deal. But a manager will probably call it a win-win turnkey solution.

IIM-Ranchi, grappling with space crunch, may now get some classrooms on the sprawling Ranchi University (RU) premises, in return for which the latter stands to get the fabled IIM expertise for its fledgling MBA course.

With land acquisition glitches holding up IIM’s permanent campus at Nagri, Kanke, and the temporary one at Suchana Bhavan — allotted by the state information and public relations department — being too cramped for comfort, the B-school had requested RU for some additional space.

“We had asked the university to provide us with at least three or four classrooms. In principle, the university has agreed to the proposal. In turn, IIM-Ranchi will help out the state’s oldest university by mentoring its MBA studies,” IIM-Ranchi director M.J. Xavier told The Telegraph.

Sources said RU might provide classrooms in its management and physics departments where IIM-Ranchi could hold weekend classes for working professionals in its postgraduate executive programme (PGEXP).

The 18-month PGEXP was launched in October 2011 and aims to enhance managerial and leadership skills among professionals from private and public sectors. The batch consists of 60 aspirants from diverse fields, including engineering, education and so on.

The university’s syndicate meeting, likely to take place on June 28, will discuss the IIM-Ranchi offer in detail.

It will do well to consider that its own MBA programme is grappling with mentor crisis and an overall dip in quality. The expertise of IIM-Ranchi will come as a shot in the intellectual arm.

Now we know why such a deal is a win-win turnkey solution. Win-win is self-explanatory. Turnkey, as anyone who keeps up with business jargons will say, literally means the key to open doors.

The B-school, meanwhile, is bravely pushing on with its plans despite the space crunch. In its basic postgraduate diploma in management, student strength has increased from 44 in 2010 to over 60 in 2011.

In 2012, IIM-Ranchi introduced its postgraduate diploma in human resource management. So, student strength is set to be 120, 90 for management and 30 for human resources. In addition, it has also started courses such as PGEXP.

Students are offered accommodation at Sri Krishna Sinha Institute of Public Administration (Skipa) and at National Games Housing Complex, popularly known as Khelgaon. For management and human resources courses, the last date for admission for CAT-shortlisted aspirants is June 24. Classes are likely to start from July first week.