This award is in recognition of his efforts and achievements in Institution Building and Management Education. Prof. Bhushan has developed IBS-Mumbai into a centre of excellence in business education at the Post-Graduate level. He is on the Advisory Board of the International Entrepreneurship Forum and is currently the aSenior Enterprise Fellowa at the University of Essex in UK. Also, he was awarded the Dewang Mehtaas aLife Time Achievementa Award sponsored by ESSAR at Mumbai on September 26, 2008.