Abstract
After the rapid growth of higher education institutions in India during the last fifteen years, the industry is at the crossroads of excellence and survival. Institutions that remained within the governance mandated by external regulatory bodies like AICTE, UGC and the affiliating university, and continued with a weak leadership & management structures, are facing a crisis of existence with a negative growth. Institutions which innovated and created strong governance & leadership structures (Bauer), despite being mandated by regulatory bodies, have established their distinct brand and are on the verge of moving into the excellence domain in India and into a competitive zone of global rating. We studied in depth one such institutions that was able to transform through innovation in governance & leadership and present here a qualitative analysis of how an interplay of governance, leadership & management influences organizational transformation (Bass, 1999).
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