Lessons from Chandrayaan-3 may land in IIM classrooms
Chandrayaan-3's historic moon landing — a success story of India's fightback after failures, that too on a mere ₹615 crore budget — is set to provide plenty of food for thought for budding managers at the Indian Institutes of Management (IIMs).
The mission, a case study in frugal innovation, has much that management students can learn from — strategy, collaboration, innovation, cost control and optimisation of resources, how leaders can process failure and move on — said professors and directors of the IIMs at Ahmedabad, Kozhikode, Sirmaur and Sambalpur.
At IIM Sirmaur, the faculty members are working on developing a case study on the topic, said director Prafulla Agnihotri.
«Chandrayaan-3 is an ideal example of great teamwork, charismatic leadership and how an organisation achieves its goal with minimum resources. It will be an excellent case study in the areas of corporate strategy and strategic leadership,» he said.
«It's an amazing example of how an organisation should learn from its experiences, improvise its efforts and achieve a near-impossible goal.»
It represents an inflection point in space exploration and India's triumph could be seen as evolutionary for the progress of scientific knowledge.
Leadership insights
This phenomenon will have implications and learnings for leadership and management practice too, said Debashis Chatterjee, director, IIM Kozhikode.
There are multiple lenses through which one can view the mission.
«It's not just about landing on the moon. It's about at what cost it was achieved, what the process was.
