While business schools usually deploy their expertise in research and consultancy for the benefit of the corporate world for ensuring and enhancing private profitability, IMI feels that social developmental needs cannot be ignored. The agenda of a B-school needs to go beyond corporate profits or even increasing GDP to raising living standards and ensuring equitable, democratic and sustainable development. Development is not merely increase in employment, incomes and GOP; it implies the overall quality of life, expansion of individual choices and the ability to access them. To achieve these ends, social sector institutions, programs and activities have to increase their contribution. Formulation of appropriate policies and programs and their effective implementation should be the objectives of good governance. IMI intends to play a catalytic role and help in achieving these objectives.