NIBM ready to face intense competition - Director General
The National Institute of Business Management (NIBM), the premier
business school in the country is now ready to face intense competition,
said the new Director General of the NIBM Dr. E. A. Weerasinghe.
He said the business institute is highly profitable and as the first
business school in the country we continue to maintain the quality and
the standard of our courses.
However, we failed in the present competitive environment, because
the institute had not recognised the challenges and did not market the
service it offers.
Dr. Weerasinghe said that the NIBM will offer its own degree courses
and is seeking degree award status from the UGC. Today NIBM offers a BSc
degree in Management Information System (MIS) in collaboration with the
Dublin University in Ireland. One hundred students pass out annually and
this year we recruited the tenth batch for the program.
A new degree course in collaboration with the Sheffield Hallam
University in UK will be started in September this year. It is a BSc
course in applied computing. In addition, negotiations are now under way
with the Leeds Metropolitan University in UK to offer degree courses in
management. The British Council will assist the NIBM in this program, he
NIBM is also designing non traditional management courses to cater to
the industries that lack professional managers.
The plantation management and fisheries sector management are in the
list of new courses that will be offered by the NIBM and the institute
will work together with leading government research institutions in
conducting these courses.
NIBM extended its dimension and started two new units the Economic
Research Unit (ERU) and the language unit.
The economic research unit will undertake socio-economic research
that are needed by business organisations, lending agencies and foreign
development partners, Professionals in universities, banks and other
professional institutions, have been registered as resource persons in
this unit. The ERU has already started a research on the coir industry
for an international NGO.
Dr. Weerasinghe said that the budgetary allocation for advertising is
not sufficient to face the competition in the open market.
Buildings have to be renovated to meet the competitive standard in
The facilities and class room space are not sufficient to meet the
demand, specially during weekends.
Construction work on a new building will begin this year. NIBM will
be one of the top business schools in the region once these new
facilities come on stream, he said.
NIBM which was started 30 years ago has built it own image in the
private sector in the country, most of the top rankers in the leading
private sector organisations in the country have learned at the NIBM.
NIBM was the first Sri Lankan institute that offered professional IT
courses. Today the institute is under the Ministry of Skills Development
and Vocational Training.