With the presence of IIMs in the higher education landscape, spreading management education, it has been a paramount presence for the country’s economy where they have have been defining the business landscape. Ever since the country’s economy has been open for foreign investment and entered the top 5 economies of the world, these IIM institutions providing IIM Online MBA have shaped the current state of the economy through tough and challenging times. 

Honing the knowledge skills of some of the world’s most competent management professionals, this institute has fostered revolutionary and dynamic changes that have defined the corporate as well as research avenues of management. With the IIM Executive MBA program, the students can balance their study life with work, which enhances the chances of integrating a lifestyle that involves practical learning.

 If this becomes the trend, these students will have experience that can be a good foundation for competent roles that are in high demand, in which these students will have an edge over students of regular IIM MBA programs. These kinds of students are meant to lead,  juggling deadlines with the dynamic business environment. This post will trace the incidents that have helped shape the country’s economy.

Outflux of Competent Management Professionals 

IIM Online MBA programs attract bright minds who have the zeal to take up leadership roles in highly coveted organizations. IIMs have a high academic standard when it comes to the curriculums that shape all-round development of the students into personalities that exude leadership, well-informed decision-making, and strategic thinking that can transform work environments to align with organization goals. 

The exposure as a part of the program familiarizes the students with a managerial environment that harnesses the best out of these students who are meant to implement the execution of growth targets at the workplace. Every year, IIMs place their students into managerial positions in multiple bifurcations in organizations, many of which are considered great under the Forbes 500 or Fortune 500 companies. 

Some of the advantages the economy receives with the outflux of management professionals who are the students of IIM Online MBA are given in the following:

• Fulfilling the Demand Supply chain of Management professionals.
• Effective leaders manage major companies towards growth that keeps up with the challenges of the current times.
• With the high growth of startups, some of them becoming unicorns, managerial roles are being filled with promising benefits.
• Management professionals are becoming entrepreneurs, starting up companies and thriving in the business-friendly economy.
• Business leaders carry out growth, which is harnessed through competition, partnerships, and initiatives.  

Supply of Research Professionals to Think Tnaks

Research has a highly coveted place in the management industry where all the decision-making, critical thinking, and strategy building depend on loads of data that are meant to be researched and applied while taking big steps in multiple contexts. Students of IIM Online MBA taking up research have the knack for reading between the lines or tracing the big picture of a situation and applying academic theories applicable to scenarios. 

There is a rise of think tanks, especially in the RD sector, that demand management research professionals who have done IIM Online MBA and are capable of innovative thinking and carrying out research with immense depth. These think tanks influence management circles with findings that define the changes needed in a business environment where elements such as the functional areas of management, managerial skills, and situations are the major factors to be considered.

These think tanks have a foothold in developing thought leadership that is going to define the trends and contemporary changes required to transform workplaces and management techniques. The following are the points that signify the importance of the supply of research professionals to think tanks and how they shape the economy:

• Highly developed research competencies developed from IIM Online MBA program getting employed in Fortune 500 companies and grows them through research..
• These research professionals influence corporate think tanks by researching management techniques and applications.
• Think tanks that hire management research professionals are approached for management solutions that are pivotal for the growth of the client company.
• These research professionals provide consultancy services for major industry players that play high stakes in the economy through research-based solutions.
• These management research professionals take up job roles in government think tanks and assist major regulatory bank organizations such as the RBI and SEBI.

Rise of Start-up Entrepreneurs

Students of IIM Online MBA who specialize in Entrepreneurship become seasoned professionals who are full of ideas and innovations that drive start-ups as a budding entrepreneur. It is said that the world is majorly filled with employees, but the remaining few are entrepreneurs who are in the pursuit of continuous growth for their startups. Being an entrepreneur is a tough journey. Only the ones with will perseverance can succeed in the end.

The country has created an ecosystem for easy incubation of startups looking to make an impact in multiple sectors such as technology, FB, manufacturing, healthcare, etc. Startups contribute towards the GDP growth of the country with their pursuit to stand out and grow their products/services into a household name. The following happenings have defined the effects of  the rise of startups, which shape the economy:

• Start-ups by entrepreneurs with a management background can scale growth with the skills obtained during the IIM Executive MBA program that will employ skilled labour, which reduces unemployment.
• Startups contribute towards the GDP of the country, hence creating a progressive economic ecosystem.
• These startups attract foreign investment, which helps globalize their trade and clientele.
• The rise of entrepreneurs reduces the gap in the ratio of employees to employers, which empowers budding entrepreneurs to give a chance to building startups.
• These IIM Online MBA post graduates use their skillset to collaborate with fellow batchmates to become entrepreneurs that can balance the trends by standing out and receiving competition. Competition helps the product/service grow, which enables the economy to have steady growth.

Conclusion

IIM Online MBA students are prepared to shape the economy by multiple avenues such as managing major companies in the global business environment, carrying out research for better functioning of major organizations, and building up startups. There is hope for these students who are alumnus of the IIM Executive MBA program, dedicated towards achieving great heights as management professionals transforming business environments that are meant to be upgraded with the influx of trends and advancements in the business spheres.