In the fast changing business environment, what would matter the most for sustainable growth of the management education institutions is to equip students' desired knowledge, skills and attitude to respond proactively to the upcoming business and societal challenges that are likely to emanate in future. As regards management education in India, the demands made on it, particularly up to late eighties, were not challenging, as there continued to be demand supply gap and there were selected institutions that were providing quality management education. As such, institutions imparting management education has hardly come out with innovations in teaching-learning process to deliver quality education. Thus, over a period, majority of B-Schools started losing their identity and relevance. There has been a mushrooming growth in the management education in India, especially during last 7-8 years. However, It is alarming to know that around 182 institutes have been closed during last two years and employability of graduates coming from majority of the institutions have come to a big question mark as evident from their placement record.

Making an exception to the huge number of management intuitions in the country that are churning out unproductive professional is the Lal Bahadur Shastri Institute of management (LBSIM), New Delhi. Established in 1995 by the Lal Bahadur Shastri Educational Society, it is a pioneering institution with a distinct philosophy of education that prepares young minds to become socially responsible future leaders in different walks of life. They are equipped with desired conceptual, technical, design and human skills to analyze, diagnose comprehend and solve problems by adding the much needed value proposition. A due emphasis is laid on developing a holistic personality with strong values to respond effectively to organizational challenges. LBSIM keeps experimenting and innovating in the field of imparting management education that gives students the courage to face the unknown, inculcates virtues/values for pursuing excellence and an attitude of "Can Do" spirit. A distinct emphasis is also laid in inculcating spirit of entrepreneurial leadership in them to prepare them for taking entrepreneurship as career option. The institute believes in the philosophy of overall development of students and therefore encourages students to organize different activities independently or with the support and guidance of faculty. The system and processes of education at LBSIM gives due emphasis on Indian values in management that emphasize on holistic attitude of 'lokasangraha' - for the welfare of many, for the good of many.

LBSIM has a dedicated pool of intellectual capital by way of its faculty members who have rich and diversified experience of teaching, research and the corporate world. The institute makes learning experience in classroom and outside the classroom enjoyable and memorable. The strong linkage with the corporate helps LSBIM in keeping up with the future requirements of the industry; which is incorporated judiciously in the curriculum. The institute is far more innovative in providing a teaching learning environment that equips their students to effectively respond to organizational challenges and keep coming out with innovative solutions to vital problems to take their organizations' to greater and greater heights.