Lectures at IILM Business School, Chennai are basically restricted to provide students with insight into the theoretical and conceptual aspect of management sciences. The faculty members believe that students get very limited opportunities to gain theoretical and conceptual explanations in the industry, therefore, it becomes important for them to learn it during their academics.

Considering the importance of interaction with the industry and corporate, the faculty members at IILM Business School, Chennai have formed the Corporate Resource Interface Cell (CRIC) which creates an interface with the industry and is responsible for providing a platform for interaction between students and managers in the industry. The prime objectives of CRIC are to:
Maintain regular interaction with the industry and organize industrial training, visits, guest lectures, workshops and seminars to broaden the exposure of students. Provide requisite knowledge in areas of personality mapping and communication skills.
Revise curriculum as per changing business requirements.
Organize inter-cultural exchange with other institutions. Identify organizations where consultancy assignments can be taken up.

Unlike traditional lecture-based teaching where student participation in the classroom is minimal, the case method is an active learning method, which requires participation and involvement from students in the classroom. For students who have been exposed only to the traditional teaching methods, this calls for a major change in their approach to learning. At IILM Business School, Chennai the faculty members assign case studies to students ahead of time to allow them to have a chance to read through the materials and be prepared with their analyses for the class discussion. The faculty members then lead the class discussion and encourage debates between students.

The faculty members also give emphasis on experiential learning through involving students to apply theoretical knowledge to a real-world business problem. Experiential learning gives students a "nuts- and- bolts" training approach to management sciences.

The faculty members also encourage students to form study groups wherein students take up the roles of bankers, accountants, engineers, etc. to discuss certain projects and methods of solving real life business problems.

Quality, service and reliability are the mottos of IILM Business School, Chennai and to achieve the same, the faculty members regularly undertake corporate seminars. The School also organizes workshops that help students assimilate the theoretical concepts learnt by putting them to use in simulated managerial environments. Some of the workshops conducted include Time Management, How To Cope Up With Stress, Consumer Behavior, etc.

At IILM Business School, Chennai students also learn to work with people with diverse culture and regional identities, which is crucial for them to become team players. The Cultural Cell at the School trains students to dissolve their different cultural and regional identities to give rise to the unique IILM Business School culture where they learn the importance of harmony amidst diversity. The cultural cell encourages students to participate in various cultural and co-curricular activities. This not only gives students an outlet to express their creativity but also provides them with an opportunity to become team players.

At IILM Business School, Chennai the team of consultants is multi-disciplinary, consisting of experienced core faculty members. The team focuses on synergistic participative approach, problem identification, total solutions, implementation and monitoring of students. The team also undertakes specifically farmed out assignments to substitute in-house expertise. IILM Business School mentors train fast-track students into effective business leaders.