Indian Institute of Management Bangalore (IIMB), and Pearson, the world’s leading learning company, have announced their intention to jointly publish a range of titles covering business scholarship and collaborate in the field of management education. The collaboration, which will include the participation of the Financial Times, the global business title that is owned by Pearson, was formally concluded with the signing of a Memorandum of Understanding. Definitive agreements will be concluded by the end of 2013, according to the MOU, which was signed in Bangalore by IIMB Director Professor Pankaj Chandra, and President and CEO, Pearson Education Mr Ranu Kawatra.
On the announcement, Mr. Ranu Kawatra, President & CEO, Pearson Education India Subcontinent, said, “At Pearson we believe in learner and educator centric learning.
With our expertise and global experience in developing content and providing eLearning solutions, we hope to create world-class solutions for learners. With the penetration of technology, the global landscape of teaching and learning has experienced a sea change. We consistently strive to improve the quality of instruction and learning through the use of technology for students and the education fraternity. We are proud to have this partnership with IIMB and look forward to work on many projects with them to make learning outcomes better.”
The initial foray will be in publishing, including series on sectoral knowledge, strategic management, and another on business and industry case studies. These titles shall be published in paperback and ebook format for global distribution. Pearson and IIMB will also evaluate the possibility of launching online education courses. IIMB and the Financial Times, which has a presence in India dating back four decades, will also explore jointly hosting conferences and seminars.
The partnership marks a notable step forward in the arena of higher and executive education in India, where collaboration typically between academic institutions is already widespread. In this instance, Pearson brings a deep and market leading portfolio of education products and services, along with the FT's content, which will be made available to students, research and subscribers of the institute; at the same time IIMB is powerful brand in learning and higher education.
Speaking on the development, Dr. Pankaj Chandra, Director, IIMB said, “We are proud to enter into this mutually beneficial partnership with Pearson which will allow us to disseminate the knowledge that resides in IIMB to a global audience, through the various print and e-learning platforms offered by Pearson. We hope that IIMB’s content would add value and enrich the Pearson repository.”