My friend is currently pursuing the EGMP program and has a lot to say about it. Although the primary campus of IIM Lucknow is in Lucknow, all the Executive Education Programs are conducted at the Noida Campus which is the secondary campus.

The quality of the curriculum and pedagogy remains the same for the regular PGP courses and EGMP courses. The same learned faculty teaches at both campuses. Even the study material and curriculum are the same.

Moreover, once you have completed the program successfully you will be granted a certificate for the completion from IIM Lucknow with an alumni status. But these programs have no placements. Except for IPMX, all the other Executive Education Programs lack placements.

My friend is very happy with the course content and the quality of education offered. Infact, some of the IIM Lucknow professors are guest lecturers in some of the best B schools in India and abroad.

Frankly, everything falls on how you perceive the "good" you're talking about and what are your expectations from the degree. 

Course Curriculum:

If you want to know about the curriculum aspect there, it is pretty much similar to the 2-year program. In such courses, you also must realize that the syllabus covers all the subjects, but in a rush. Plus, if you're someone who prefers learning in-depth, be prepared to be disappointed as they will be taught on a surface-level only. 

Faculty:

The one-year-long executive program has the same faculties as the two-year-long program. The pedagogy of the course is also the same.

Also, another thing that you should note is that the campus is in Noida and not in Lucknow. 

It actually depends on what you are looking for. Almost all reputed management institutes provide exposure through case competitions, peer learning, etc.

In IIM Lucknow too, you would come across a similar incubator and an entrepreneurship committee cell. You need to join a cell and utilize whatever they provide you with. There you can brainstorm many ideas that can help you learn and understand various aspects that comprise entrepreneurship. These brainstorming sessions will also take place in front of the industrialists who will listen to you and supervise you in any particular event or any competition or even workshops. 

If you aspire to become an entrepreneur, join the E-cell, there you will have many chances to pitch in your ideas.