Fact - IIPM refused to take part in rankings whenever requested by various magazines until 2002, because the institute did not believe that journalists who have no business education, much less a understanding of how to teach business, could try to rank the courses offered.
Fact - IIPM took part in Outlook's 2003 survey, after Editor Sandeep Deb and C-FORE (research agency with 3 employees, owner Palety is related to Outlooks publisher - talk about bias!!) said they would use only objective methodology so that no bias would creep in.
Fact - IIPM was Ranked 4th in Industry Interface in the country, by Outlook survey. Industry Interace measure how corporates and faculty and srudents interact, and is an objective measure.
Fact - IIPM was ranked 7th in International Linkages - professors from Harvard, Kellogg, Columbia, Stanford and many other leading b-schools worldwide come to IIPM and teach. Exchange programs and research tie ups with Yale School of Management are well known.
Fact - IIPM was ranked 5th in Extra curricular activities - students at IIPM have won competitions at the IIM's and every other institute they have attended - the focus on Leadership and Communication at IIPM shows!!
Then, when C-FORE put up a website Indiabschools, Palwety came to IIPM to ask for registration fee to show the rnakings on his website. IIPM refused on ethical grounds. Palety then created subjective parameters in the survey, and ranked IIPM 47, 48, 50th in all these subjective parameters - out of 50 b-schools!! Pathetic comercialisation of journalism and thins rankings hoopla is exposed!
Further, Palety C-FORe issued a press statement saying IIPM removed from the rankings for providing bad data - an accusation the Outlook people and Sandeepan Deb specfically refuted in the media (refer Hindustan Times)
Recently in 2005, Outlook, in a bid to force IIPM to spend money on advertsing in its magazine and buying bulk subscriptions, then asked IIPM to participate one again in its survey - IIPM refused, quite reasonably. Interestingly, most of the IIM's and ISB also refused.
Then, Outlook issued notices in its own magazine saying IIPM could not use the 2003 rankings in their promotional material any more, as the ranking had now been withdrawn. Ridiculous, since, across all parameters, the institue has improved constantly over the past 2 years. Further, a blatant effort at arm twisting an institute into spending money on essentially buying rankings.
Other publications, including India TOday, Business TOday and Business Barons, have placed IIPM in the TOp 10 on various parameters... but the institute has never actively participated in these surveys, and has sent notices to thesepublications requestng that their name not be used in any rankings.
That is the truth... how media uses the rankings to get advertisements and revenue. Corruption and illegitimacy surround this exercise. And an institite which is changing the country, creating entrepreneurs and managers, is embroiled in it, and only wants to continue its mission, without having to face interference from meddlesome and profiteering researchers and publications. IIPM was founded by Dr. MK Chaudhuri – he is the Director at the institute today, and has taught Economics at IIM – Bangalore and XLRI. The institute’s prospectus has his detailed profile….