Accounting and Finance
Area Coordinator : Prof. Pratap Chandra Pati
Finance addresses the ways in which individuals, business entities, and other organizations allocate resources over time. An applied branch of economics dealing with the problems of allocating financial resources, with particular attention given to the art of decision making under conditions of uncertainty, finance is closely allied with the liability side of organization’s balance sheet. At the XIMB, a specialization in Finance includes an examination of the funding markets and processes for financing enterprises as well as the effects of prices and interest rates on assets and liabilities.
Economics
Area Coordinator : Prof. Biswa Swarup Misra
Concerned with the application of microeconomic and macroeconomic principles to the conduct of business, this program gives particular emphasis to understanding both the decision-making process of different economic agents (consumers, firms, the government) and the way in which the surrounding economic environment at the national and international levels affects management decisions. Significant emphasis also is placed on the global economy, including the way in which other countries’ policies affect our immediate environment. Issues related to pricing, conflict resolution, balance of payments, interest rate arbitrage, and exchange rate dynamics are addressed in some detail.
Marketing
Area Coordinator : Prof. Krishna Das Gupta
The marketing curriculum provides flexibility for students seeking careers in the field. The courses deal with behavioral concepts and quantitative methods from a marketing management point of view and provide opportunities for applying knowledge in a wide range of profit and nonprofit situations. The marketing curriculum leads to such career opportunities as product management, industrial marketing management, advertising, sales management, marketing research, retailing, and consulting. A variety of teaching methods and materials assures a balanced exposure to theoretical problems and concrete managerial situations covering consumer and industrial products and services.
Information Systems
Area Coordinator : Prof. Ajit Kumar
In a world driven by information technology, the Information Systems Area has a very important role to play. It is to (a) sensitize our students to the stategic importance of information technology for organizations, (b) being more at ease with information technology and thereby enhance personal productivity and (c) learn methodology for building corporate information systems.
Operations Management and Decision Sciences
Area Coordinator : Prof. Sarat Kumar Jena
Decision sciences seeks to improve managerial decision making through the application of formal scientific methods of analysis and synthesis. Based on concepts derived from mathematics, economics, statistics, and computer processing, this area of study includes work in optimization methods, simulation, probability theory, statistical methods, and model building. Students may choose a theoretical or practical orientation with application to a particular area of interest, such as finance. Careers may be directed toward staff or line functions in many different fields. Successful enterprises must have effective systems for producing and distributing their goods and services. The OM curriculum emphasizes managerial decision making in production and operations, its tie-in at the managerial level to other key organizational functions (e.g., design, finance, engineering, marketing), and its importance to a firm’s competitive well-being overall. OTM studies cover operations and technology strategies, product design and development, and operations. Graduates versed in operations and technology management have a wide variety of career opportunities in high-technology companies, independent consulting firms, and entrepreneurial ventures.
Strategy and General Management
Area Coordinator : Prof. Amar KJR Nayak
General Management: The general management course curriculum provides a vital role in every management education.
The General Management area is concerned with the leadership and management of the enterprise as a whole. This concern encompasses:
- the personal values and qualities of effective general managers and enterprise leaders;
- the philosophies, values, and strategies that inform successful enterprises; and
- the relation of enterprise to the broader community and other external constituencies.
Strategic Management: Strategic management refers to the processes through which organisations establish their long-term sustainability and improve upon their potential to serve their stakeholders. Although the senior-level management is generally said to be responsible for ensuring an organisation’slong-term viability in a changing environment, strategic management focuses on the implications of this task at various levels within the organisation. It is based on the appreciation that decisions critical to an organisation’s future maybe taken in different functional areas, namely finance, production, marketing, human resource, and information systems with an understanding that such decisions do impact the entire organization. Therefore, topics in strategic management focus on cross-functional issues, such as competition, cooperation, purpose, growth, innovation, governance, size, efficiency, control, asymmetries in firm design, sustainability, and so forth.
Courses in this area seek to build a student’s competence in appreciating and understanding the context in terms of an organisation’s internal capabilities and external conditions, so as to analyse the alternatives pathways for its long-term development. In dealing with these topics, strategic management acknowledges organisations as social systems, interacting with society, reflecting and conditioning the characteristics of that society simultaneously. Overall, subjects in strategic management are designed and developed to sensitise students to the challenges of both industrial and non-industrial organizations across space and time, understand the intricacies of complementation and integration of various fields of management and raise questions on how these enterprise systems could operate sustainably in the long run.
