Dr Ram Charan flags off ten year celebration of Great Lakes Institute of Management in Chennai

Great Lakes Institute of Management, Chennai, a premier B-School in the country, founded in 2004, flagged off its ten years celebration on January 15.The celebrations were flagged off by Dr Ram Charan, renowned consulting guru and author of best-selling book ‘Execution’, according to a statement issued by the Institute.
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During the event, Dr Charan shared instances from his professional experiences with the students and corporate executives, which threw light on factors that define an Effective Leader in Turbulent times. As part of the celebration, Great Lakes hosted a session for corporate professionals,under the “Global Thought Leader Series (GTLS)”.

Lakshmi Narayanan, Vice Chairman, Cognizant delivered the keynote address and Dr Charan had an interactive session on the topic, ‘Leadership in Turbulent Times’. The workshop was attended by over 180senior management executives.

In his warm welcome speech Dr Bala V Balachandran, Founder and Dean Great Lakes, said: “From good to great and from success to substance, these ten years have been very eventful. I would like to welcome Dr. Ram Charan to our campus to join us in the celebration and share his views on being an effective leader.” He added, “I truly believe in the fact –‘Be Distinct or Be Extinct’. If you don’t take courage in thinking differently, you will not sustain the competition and will soon perish.I thank and congratulate each and every one of the Great Lakes’ family member for being determined to be different”.
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Dr Ram Charan in his insightful speech said: “There are five characteristics that one should posses to be an effective leader and they are:

•    Skills in asking the right question – Define the questions, it will help in focus
•    Listening – Listening is extracting ideas
•    Seek – Actively seek for feedback
•    Search multiple points – Points beyond What, How and Why
•    Read people well – Will help to lead the people well
Customers come first and competition is only secondary, if you run behind strategies to counter competition, then you will lose customer loyalty. If you take time in reading your customers better and addressing their needs, your market share will increase on its own. This is simply because people compete and businesses don’t.While defining your road blocks and challenges don’t use buzz words and complex methodologies, rather build simple answers to the problem.”
Speaking on Great Lakes’ ten successful years of completion, Dr. Charan said, “In my opinion the campus is great and management institutes like Great Lakes area great contribution to society, I am very pleased to be part of this celebration and to have met some of the great young minds. I congratulate Bala and his team for all the success and I wish Great Lakes the best in coming years”.
Great Lakes Institute of Management is a leading B-school in India founded in 2004 by Prof Bala V Balachandran JL Kellogg Distinguished Professor of Accounting and Information Management Northwestern University, USA. The campus has been built on sprawling 27.5 acres and is LEED Platinum rated .The institute has academic alliances with Stuart Graduate School of Business USA, Yale University USA., Nanyang Technical University, Singapore and Bordeaux University to name a few. In a short span of nine years since inception, it is ranked in the Top ten B Schools of India in 2012 (Outlook and Careers 360).
The institute offers a flagship one year Post Graduate Program in Management besides a Two year regular Post Graduate Diploma in Management. In addition, for Executives there are 2 part time programs to choose from besides a Global Executive MBA in Energy Management conducted in association with Bauer college, Houston Texas.
Great Lakes Institute of Management is guided by a Business Advisory Council chaired by Ratan Tata and comprises of corporate stalwarts like Jamshyd Godrej, S Ramadorai, Kumaramangalam Birla, Narayana Murthy to name a few. The Academic Advisory Council chaired by Dr. Bala V Balachandran includes world renowned management gurus including Dr. Philip Kotler, Dr Seenu Srinivasan and Dr Aswath Damodaran amongst others.
Faculty from leading business schools such as Harvard, Stanford, Stuart, Kellogg and Florida teach at the institute. Mandarin is a mandatory course for the students at Great Lakes. Eminent personalities like Dr Ratan Tata, Dr Deepak Chopra, Dr CK Prahalad, Dr YV Reddy, Dr Philip Kotler, Dr Finn E Kydland, Vivek Paul, and Rahul Bajaj have visited the institute and have addressed the students.

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